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Stock impact report

Here's Why You Should Add Copart Stock to Your Portfolio Now [Yahoo! Finance]

Copart, Inc. (CPRT) 
Last copart, inc. earnings: 2/19 05:55 pm Check Earnings Report
US:NASDAQ Investor Relations: copart.com/investorrelation
Company Research Source: Yahoo! Finance
auction market, an expected rise in total loss rates and the acquisition of Purple Wave. Let's see what makes this Zacks Rank #2 (Buy) stock worth buying. Leadership Position, Purple Wave Acquisition Aid CPRT Copart enjoys a leadership position in the automotive auction market, commanding roughly 40% of the market share. The company's competitiveness is supported by its multiple locations (both domestic and international) and the size of its new facilities. Copart's revenues look poised for an upward trajectory, thanks to its large scale, solid market leadership and continued expansion efforts. Salvage auction volumes are expected to stay high due to more vehicle miles being traveled and increased collision rates. Additionally, the aging of vehicles and the rise of technologically advanced auto parts are benefiting industry players like Copart. Since replacing complex components is costly, insurance companies often declare vehicles as total losses, pushing more cars to the s Show less Read more
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