Conestoga Capital Advisors, an asset management company, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The second quarter began with a historically ...

Copart is trading above fair value ($55 per share), and there have not been significant buybacks since 2019. The company keeps piling up its cash balance ($3.8B), increasing its interest income by ...

Copart’s CPRT fourth-quarter fiscal 2023 results gave us no reason to change our investment thesis or fair value estimate, but we will reassess all valuation inputs when we roll our model forward for ...

This article first appeared on GuruFocus. When I look at a business, I don't start by pulling up its stock chart. I start with a simpler, sharper question: If I could buy the whole thing at today's ...