Andrew Wagner on Copart (CPRT)
Yet Another Value Podcast
The Difference Between Co-Part and IAA
I would argue that almost the entire difference is because the management is so much better. And essentially, what happened is IAA crashed and burned from trying to grow too fast. The CEO here, he's a billionaire from his ownership as we talked about, he's only 52. So he could be doing this easily for another 20 years.
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