Is Copart Stock Underperforming the S&P 500?

Valued at a market cap of $48.5 billion, Copart, Inc. (CPRT) is a provider of online auctions and vehicle remarketing services. The Dallas, Texas-based company provides vehicle sellers with a range of services to process and sell vehicles online through the Company’s Virtual Bidding Third Generation (VB3) internet auction-style sales technology.

Companies worth $10 billion or more are generally described as “large-cap stocks”, and Copart fits this criterion perfectly. The company’s global online platform connects vehicle sellers, such as insurance companies, with buyers, including dealers, dismantlers, and individual consumers. It is known for its innovative technology and efficient logistics.