CAM plants fix carbon dioxide at night and store it as malic acid in their vacuoles. During the day, the stomata remain closed while the malic acid releases its carbon dioxide within the chloroplasts for photosynthesis. This two-part cycle allows CAM plants to conserve water by closing their stomata during the heat of the day. Key benefits of CAM include adaptations for arid conditions like thick cuticles and leaves and the ability to minimize water loss through transpiration.