Should You Consider Investing in Copart, Inc. (CPRT)?

Merion Road Capital Management, an investment management firm, published its second-quarter 2021 investor letter – a copy of which can be downloaded here.  A quarterly return of 11.2% was reported by the fund’s Long Only Large Cap Fund, while its Long Short Small Cap Fund delivered a 14.0%  gain in the second quarter of 2021, outperforming its Russell 2000, Barclay Hedge Fund, and S&P 500 benchmarks that delivered a 4.0%, 4.0%, and 8.4% returns respectively for the same period. You can...