Copart Inc is a leading online vehicle auction company that specializes in the resale of vehicles that have been damaged or are no longer in use
The company provides a platform that connects sellers—such as insurance companies, rental car firms, and fleet operators—with a global network of buyers, including dealers, salvage buyers, and individual consumers. Through its innovative online bidding system, Copart allows customers to purchase vehicles from the comfort of their homes while offering a seamless experience for managing sales and auctions. With a focus on technology and efficiency, Copart streamlines the process of buying and selling vehicles, making it easier for participants in the automotive market.
Major indices rallied on Wednesday after December inflation data showed underlying price pressures slowing, reducing fears of a prolonged pause in interest rate cuts by the Federal Reserve.
Top performers last week: RIVN, RKLB, SRPT, EXAS, ESTC, ULTA, MRNA, RL, CPRT, SNAP. Any in your portfolio? Citigroup raises price target on ULTA and SNAP.
Risk appetite remained robust in the final trading session of the week, with all major U.S. indices poised to close the week in positive territory. Small-cap stocks outperformed their large-cap counterparts, continuing their recent streak of dominance.
Signs of a cooling labor market last month pushed major U.S. stock averages lower on Thursday, ahead of the highly anticipated August jobs report set for release on Friday.
Copart shares are trading lower after the company reported its fourth-quarter financial results after Wednesday's closing bell. Here's a look at the details from the report.
Wall Street traded slightly higher on Wednesday, rebounding after the sharp sell-off a day earlier that saw chipmakers tumble, with NVIDIA Corp. (NASDAQNVDA) shedding around $280 billion in market value — the largest single-day drop in history.
