Copart Inc
CPRT: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$33.00 | Hykc | Rxwdkhhrj |
Copart Earnings: Market Share Gains Continue as Does the Accumulation of Cash and Investments
Copart’s fiscal 2024 third quarter again showed strong growth and solid profitability, a byproduct of the firm’s wide economic moat enabling share gain and falling used vehicle prices. This increased the insurance industry’s total loss frequency, which means more auction volume for Copart.