$CPRT has compounded revenue per share at roughly 14.2% annually for 21 YEARS. From $0.30 in 2005 to $4.88 in 2026. More than 16x. Only ONE annual decline in that stretch: 2015. Through the 2008–2009 financial crisis, revenue per share held around $0.55. Even during COVID, it climbed from $2.12 in 2019 to $2.31 in 2020 and $2.80 in 2021. Copart built this business auctioning vehicles, with its platform now reaching roughly 1 million members across 185+ countries. What interests me is how difficult that combination of yards, insurer relationships and global buyers would be to replicate… The latest year was much slower, though: FY2026 revenue grew just 0.4%, while buybacks helped revenue per share increase about 2.6%.