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Sydnee Gatewood
Sydnee Gatewood
Articles (2597) 

Keeley Asset Management Comments on Copart

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July 28, 2020 | About:
Copart, Inc. (NASDAQ:CPRT) (CPRT - $83.27 – NASDAQ) is the global leader in online vehicle auctions. Like most rms, online auto auction provider and vehicle remarketer Copart was a ected by COVID-19, as it experienced lower processed vehicle volumes from lower car accident volumes. However, Copart shares rebounded in the second quarter, as the company posted a better-than-expected sales number for its scal quarter ending in April. Shares also rallied as North America began to reopen throughout Q2. at resulted in an increase in auto miles driven, which in turn led to greater vehicle volumes.

From Keeley Asset Management Corp (Trades, Portfolio)'s Small-Mid Cap Value Fund second-quarter 2020 shareholder commentary.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

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