One of my favorite -- and possibly simplest -- investing strategies is to " buy the dip " on steady Eddie stocks that have long track records of stomping the market.

While past performance doesn't guarantee future returns, looking among previously "winning" stocks that have sold off over what appear to be short-term worries can be a great way to find excellent investments at fair prices.

A perfect example of a stock fitting this mold today is Copart ( CPRT 1.06% ) , operator of the leading online auction platform for (mostly) totaled vehicles.

Copart has been a 341-bagger since its initial public offering in 1994. But the stock's path has not been straight up. Over the past three decades, the company has offered investors more than a dozen buy-the-dip opportunities at least

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