Autonomous vehicles are not currently a threat to Copart's business model because adoption will take decades and sensor-heavy vehicles are more expensive to repair, leading to higher total loss rates.

“But when I put all the pieces together, more total losses whenever an accident does happen, the fact that adoption would likely take 30 plus years to work through the fleet, and the reality that past safety features barely dented accident numbers, I don't see AVs yet as thesis breaking for Copart.”

The long-term threat of autonomous vehicles to Copart's business is currently overstated given the slow pace of global adoption and Copart's potential to sell vehicles in international markets.

“Which doesn't mean that Copart's business will last forever but the ice cube may not be shrinking as quickly as Some people would think”