Copart (CPRT)

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