Daily Brief Utilities: Korea Gas, Copart Inc and more

• It was reported today in numerous local media that there will be an inclusion of ‘shareholder value improvement’ management evaluation criteria for listed government enterprises.
• Some of these listed government enterprises rallied strongly today (KEPCO – up 10%; KOGAS – up 12.7%; Korea District Heating – Up 30%). 
• The detailed evaluation criteria for management evaluation of government enterprises will include the appropriateness of dividend levels, protection of minority shareholders, and compliance with best practices for ESG improvement.

Key points

• COPART Inc (CPRT) is a leading stock in the salvage industry, dominating as the clear number one player in a duopoly.
• CPRT has recently gained a significant market share advantage over its main competitor, Insurance Auto Auctions (IAA), with USAA switching its salvage business entirely to CPRT.
• IAA has struggled due to a lack of investment, poor service levels, and a loss of focus under its former parent company, KAR, leading to CPRT’s continued success and market dominance.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.