CPRT
Copart Continues to Ride the Storm of Increased Insurance Sales Amidst Declining Used Vehicle Values
Copart, Inc. has reported a successful conclusion to its fiscal year 2024, with the company's insurance business growing by 6% year-over-year. This growth is attributed to the increasing trend towards totaling vehicles rather than repairing them, driven by rising labor rates and vehicle complexity. According to Jeff Liaw,