Copart Inc

CPRT: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$15.00	Sdty	Cctcwlcy

Copart Earnings: Market Share Gains Continue as Does the Accumulation of Cash and Investments

David Whiston

May 17, 2024

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.

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