Copart Inc
NASDAQ:CPRT
Gross Margin
Copart Inc
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| US |
|
Copart Inc
NASDAQ:CPRT
|
57.6B USD |
45%
|
|
| US |
|
Cintas Corp
NASDAQ:CTAS
|
84.1B USD |
50%
|
|
| CA |
|
Ritchie Bros Auctioneers Inc
TSX:RBA
|
25.2B CAD |
47%
|
|
| AU |
|
Brambles Ltd
ASX:BXB
|
27.4B AUD |
49%
|
|
| US |
|
Aurora Innovation Inc
NASDAQ:AUR
|
12.4B USD | N/A | |
| FR |
|
Spie SA
PAR:SPIE
|
7.1B EUR |
44%
|
|
| IN |
|
Indian Railway Catering and Tourism Corporation Ltd
NSE:IRCTC
|
609.6B INR |
45%
|
|
| FR |
|
Elis SA
PAR:ELIS
|
5.3B EUR |
33%
|
|
| US |
I
|
IAA Inc
F:3NI
|
4.9B EUR |
35%
|
|
| UK |
|
HomeServe PLC
LSE:HSV
|
4B GBP |
0%
|
|
| DK |
|
Iss A/S
CSE:ISS
|
29B DKK |
91%
|
Copart Inc
Glance View
In the world of auto auctions, Copart Inc. stands as a silent yet dynamic player transforming how vehicles find their second lives. Founded in 1982 by Willis Johnson, Copart has steadily evolved, becoming a titan in the field of online vehicle auctions. The company specializes in connecting buyers and sellers of used, wholesale, and salvage cars through its virtual marketplace. Aimed primarily at insurance companies, who find themselves laden with vehicles deemed uneconomical to repair, Copart plays a pivotal role. It facilitates the sale of these vehicles to a diverse pool of buyers, ranging from dismantlers and recyclers to individual enthusiasts and dealers. This robust platform, underlined by a sophisticated inventory technology and an intuitive bidding process, has enabled Copart to channel the intricacies of the salvage car market into a seamless online experience, underscoring its importance in the automotive ecosystem. Copart's monetization strategy is impressively multifaceted and resilient. The company's revenue streams primarily from transaction fees charged to both buyers and sellers—each side paying for the ability to connect with the other on this vast platform. Moreover, Copart enhances its revenue generation through ancillary services such as vehicle transportation, storage, and financing options to its clientele. Its global network of auction locations ensures efficient logistics and helps cultivate a sense of urgency and competition among buyers. By leveraging its scale and technological innovation, Copart has not only streamlined an otherwise cumbersome aspect of the automotive industry but has also positioned itself strategically across the globe, ensuring that its operational efficiencies translate into tangible financial returns. This dual focus on cutting-edge digital infrastructure and strategic expansion allows Copart to maintain its influence and continue thriving in an increasingly competitive marketplace.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Copart Inc's most recent financial statements, the company has Gross Margin of 44.8%.
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