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Copart, Inc. surprised in its latest quarter. It earned more than expected: $0.41 per share. Not bad. Revenues rose by 5.25%, reaching $1.13 billion. But they fell a little short.
The company improved in services. They sold fewer cars, that's for sure. Curious.
Fewer global insurance policies, but more wrecked cars in the U.S. At 22.2%. It seems that Copart does well when there are more accidents. Strange business.
They earned more. They spent a little more too. Net profit skyrocketed by 22.7%. Impressive.
They have a lot of cash: 2.780 billion in cash. They won't run out of gas.
Over there, other car companies are also doing well. Mobileye, Group 1, Lear... Everyone is happy. The sector seems to be rolling smoothly.