Copart misses revenue estimates on weak demand for used cars

Core Viewpoint - Online vehicle auction company Copart reported first-quarter revenue below Wall Street estimates due to weak demand and falling vehicle values for used cars [1] Company Summary - Copart's first-quarter revenue was negatively impacted by a decline in demand for used vehicles [1] - The company faced challenges as vehicle values for used cars continued to fall, contributing to the revenue shortfall [1]