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2min chapter
Andrew Wagner on Copart (CPRT)
Yet Another Value Podcast
What's Driving Copart and IAA's Benefits to Scale?
Insurance companies don't necessarily want to be in that business. Copart's earning really nice returns on capital, right? Like one of the lines in the proxy is 30 years of strong share price performance. But here you have a market where it's pretty much Coke part and IAA basically control this market. Nobody competes with these guys.
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