Does Copart Have a Moat Around Its Business?
Copart (NASDAQ: CPRT) operates an auction business for buying and selling totaled cars. Although this is not an exciting business, it is a very defensible one with significant barriers to entry. Long-term investors may want to consider Copart as it benefits from the continued growth in miles driven and incidents of total loss resulting from car crashes.
In this video from Motley Fool Live, recorded on March 11, Motley Fool contributor Luis Sanchez and Industry Focus host Nick Sciple discuss Copart and the market for used cars.
Source Fool.com
