Why Copart Stock Zoomed 90.3% Higher in 2019
Shares of Copart (NASDAQ: CPRT) soared 90.3% in 2019, according to data from S&P Global Market Intelligence, as the online automotive auction specialist repeatedly delivered strong quarterly results.
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Copart started the year on a positive note, climbing more than 20% through the end of February after demonstrating decelerating revenue growth in its fiscal second quarter (up 5.6%) but much more impressive earnings growth, with its bottom line soaring at a greater-than-27% clip.
Source Fool.com
