Total loss frequency as a structural tailwind
The bull case made for Copart is that the total loss frequency - the percentage of accident claims where insurers deem a car not worth repairing - has risen from 8% to nearly 24% over decades, providing a structural tailwind for volume.
Keep reading this one
You've read the thesis and who argued it. A free account opens the argument, what validates it, the risks the show raised, and the moment in the episode where it was said — 3 ideas in full a day, no card.