Charles Rault

Copart (CPRT)

by

Copart (CPRT) is the world leader in salvage vehicle auctions. Its model resembles a toll booth: the company collects a fee on every vehicle that insurance companies, when repair is not economical, entrust to it to be resold at online auction (the VB3 platform). CPRT operates within a duopoly (≈ 50% of the US market, … Read more

Automatic Data Processing (ADP)

by

Founded in 1949, Automatic Data Processing (ADP) is the historic leader in payroll services and human capital management (HCM). ADP processes payroll for 42 million employees on behalf of 1.1 million clients across 140 countries. Its operations are divided into two main segments: 1) Employer Services (SaaS payroll and HR solutions), and 2) Professional Employer … Read more