Sept 4 - Copart ( CPRT ) reported fourth-quarter profit

above analysts' expectations on Thursday, driven by strength in

its high-margin services business that offset weakness in its

vehicles unit.

Shares of the company, which provides auction services for

damaged and total-loss vehicles to used-car dealers and

dismantlers, fell nearly 1% in after-hours trading.

The company's services arm, which generates fees from

storing, towing and auctioning vehicles, benefited as rising

repair costs and labor expenses pushed more insurers and

customers to opt for total-loss settlements, driving higher

volumes through its platform.

Analysts at Barrington Research said long-term trends

driving higher total-loss frequency remain intact, citing

expensive repairs, rising labor and rental costs, and strong

demand for damaged vehicles in emerging markets.

Copart's ( CPRT ) fourth-quarter revenue from its services segment

rose 7.1% to $956.21 million from a year earlier, while revenue

from vehicle sales fell 4% to $168.89 million.

The company reported earnings of 41 cents per share for the

quarter ended July 31, above analysts' average estimate of 36

cents, according to data compiled by LSEG.

Revenue for the quarter came in at $1.13 billion, slightly

below the expected $1.14 billion.