Sell Copart Stock Due to Rising Operating Costs, Strong Competition

Copart's operating costs have risen, fueled by increasing general and administrative expenses. Strong competition and a reliance on a small group of vehicle sellers also pose challenges. The company faces competition from other remarketers and dismantlers, and a loss of a major seller or unfavorable changes in terms could harm its results. Alternatives to consider include General Motors, Openlane, KAR, and Garrett Motion, each with a Zacks Rank of #1 (Strong Buy).