• Copart average gross margin for 2023 was 44.72%, a 3.58% increase from 2022.
• Copart average gross margin for 2022 was 46.38%, a 5.81% decline from 2021.
• Copart average gross margin for 2021 was 49.24%, a 7.65% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.