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home / news releases / CPRT - Copart: Rating Upgrade As I See Volume Growth Driven By Structural Cause

CPRT - Copart: Rating Upgrade As I See Volume Growth Driven By Structural Cause

Copart Inc.

2024-03-27 03:29:39 ET

Summary

  • CPRT's valuation was previously seen as too high, but the underlying momentum and volume growth trend have changed the outlook.
  • In the 2Q24 quarter, CPRT's revenue and EBIT missed estimates, but volume growth and potential margin expansion are positive indicators.
  • The increase in total loss frequency and the shift towards auctioning vehicles instead of repairing them are favorable for CPRT's business.

Summary

For further details see:

Copart: Rating Upgrade As I See Volume Growth Driven By Structural Cause
Stock Information
Company Name: Copart Inc.
Stock Symbol: CPRT
Market: NASDAQ
Website: copart.com
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