Copart (CPRT) in Wedgewood Partners Q1 2024

Driving Growth Through Salvage Vehicle Auctions

Apr 15, 2025

Summary

Leader in online vehicle auction services.
Growth driven by rising vehicle repair costs and demand for salvage vehicles.
Challenges include market competition and regulatory changes.
Top contributor to portfolio performance in Q1 2024.
Focus on expanding buyer base in emerging markets.

Copart (CPRT, Financial) was a top contributor to Wedgewood Partners' performance in Q1 2024, benefiting from increased demand for salvage vehicles and rising vehicle repair costs. The company's strategic focus on expanding its buyer base in emerging markets supports its growth outlook.

"Copart's efficient operations and expanding market reach make it a valuable asset in our portfolio." — David Rolfe (Trades, Portfolio), Wedgewood Partners, Q1 2024 Fund Letter

Read full letter at gurufocus David Rolfe's Wedgewood Partners 1st-Quarter Letter: 'The Magnificent Roaring '20s' 2024 Q1 page.

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