Copart's Shares Plunge 10% in 6 Months: More Downside Ahead?
CPRTCopart(CPRT) ZACKS·2024-09-12 01:16

Shares of Copart, Inc. (CPRT) , a provider of online vehicle auction and remarketing services to automotive resellers, have lost 10.3% in the past six months compared with the Zacks Auction and Valuation Services industry's decline of 10.8%. Shares of CPRT underperformed peers like ACV Auctions Inc. and OPENLANE, Inc. in the same time frame.Six Months Price ComparisonImage Source: Zacks Investment ResearchHigh spending on storage-capacity expansion and rising operating costs amid increasing G&A expenditure ...