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While auto salvage might seem like one of the most low-tech businesses imaginable, Copart, which began as a single salvage yard, has grown into a digital force by connecting would-be buyers with companies looking to sell damaged vehicles online. The company, which sells more than 2 million vehicles a year, has experienced rapid growth as cars have become more technically complex, and therefore less economically viable to repair: In fiscal 2019, Copart opened 11 new U.S. facilities and eight abroad. Copart’s profits hit nearly $700 million in its most recent fiscal year, up more than 18% year over year.

Courtesy of Copart
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