Market PositionCopart operates a unique business with a wide moat backed by network effects and secular growth trends, making it a core holding for long-term investors despite an aggressive valuation.
Revenue GrowthGlobal service revenue increased 15% to $991 million, while purchased vehicle sales rose 8.6% to $172 million.
Technological AdvancementsProactive levers that are driving CPRT’s growth include in-house AI-enabled image recognition tools, which can empower insurance companies to total cars more accurately and more effectively.