What is Copart’s (CPRT) Economic Moat, and is it Widening or Narrowing?

Copart, Inc. (NASDAQ:CPRT) closed at $27.32 on October 9. The stock has returned -17.8% during the last 6 months, compared to a 24.3% return for the Insider Monkey Billionaire Index and 15.1% for the State Street SPDR S&P 500 ETF Trust. A business this profitable usually borrows against it. Copart has spent years doing the […]