Copart, an online car auction company, has found success within the market by achieving an annual return of nearly 60%.
But still, the company is under-appreciated despite rendering such top-notch growth. Given the solid fundamentals, spotless balance sheet, and expanding market CPRT is undeniably inclined to further appreciate in the coming years.
Copart Inc. is a leading global company that offers online vehicle auctions and vehicle remarketing services. The company has around 200 locations in 11 nations and uses its online auction platform to connect buyers and sellers around the world.
Copart's growth has significantly expedited in the last two quarters. The company reiterated its impressive performance in the fourth quarter with revenue bolting to a 20.8% increase from the year-ago period. The reported sales growth echoed the continued progress of global service revenue which grew by 20.1% and vehicle sales that made a 25.4% leap to $72.2 million.
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