• Copart average operating margin for 2023 was 38.27%, a 3.53% decline from 2022.
• Copart average operating margin for 2022 was 39.67%, a 4.39% decline from 2021.
• Copart average operating margin for 2021 was 41.49%, a 12.04% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.