Copart revolutionized the salvage vehicle market with a global digital auction platform, creating a high-ROIC business model.

Management did not provide explicit forward guidance for revenues or EPS. Liaw and Stearns reiterated their focus on sustaining auction returns and further improving operational efficiency. There was ...

CEO Jeffrey Liaw opened the call by stating, "We're pleased to announce the results of another record year for Copart across a number of dimensions, including units sold, revenue and operating profit.

Shares of online vehicle auction company Copart (NASDAQ:CPRT) jumped 3% in the afternoon session after HSBC upgraded the stock to Buy from Hold, lifting its price target to $62.00 from $56.00. The ...