Copart, Inc. (NASDAQ:CPRT) announced the opening of its first total loss vehicle storage and processing facility on mainland Europe as well as the first real time online auction of those vehicles in Spain. The auction was hosted on Copart Spain’s new website. The new facility is located in Algete, on the outskirts of Madrid.
“Opening our first location in Spain is great news. It enables us to bring the benefits of the Copart model to Spain, joining a growing list of countries in Europe where the Copart model has already been adapted with great success,” said Nigel Paget, Copart’s Chief