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.

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

Copart's second-quarter fiscal 2025 results gave us no reason to change our fair value estimate. Revenue rose 14% year over year, while adjusted diluted earnings per share grew 21.2% to $0.40 and beat ...