Copart's dominant duopoly, land ownership, and early online adoption create a durable moat and outstanding ROE, justifying its premium valuation. Valuation is reasonable relative to capital-light ...

Title Express is reducing inventory levels and in-yard times, which will improve Copart's margins and returns on capital. The increasing cash balance generates a 4.4% yield, and I expect buybacks to ...

Argent sold 1,262,984 shares of Copart, estimated at $59.52 million based on the average price for the quarter. The transaction value represents 1.6% of 13F reportable AUM for the period. The firm now ...