Copart, Inc. (NASDAQ: CPRT) reported financial results for its fiscal third quarter ended April 30. For the quarter, revenue, gross profit, and net income were $733.9 million, $381.3 million, and $286.8 million, respectively. These represent an increase in revenue of $183.6 million, or 33.4%; an increase in gross profit of $138.7 million, or 57.2%; and […]
WreckMaster and the Towing and Recovery Association of America Announce Certification Program
WreckMaster Inc. and the Towing and Recovery Association of America, Inc. (TRAA) have announced a new partnership that will oversee the creation of a new standardized certification body. This move to one united certification is designed to increase safety, professionalism, and better serve the whole towing and recovery industry. The new co-branded certification offerings will […]
Ben Bowman Named Senior VP of Global Supply Chain at Original One Parts
Original One Auto Parts, LLC, announced that Ben Bowman has been named Senior Vice President of Global Supply Chain. Bowman has held numerous global sourcing leadership positions in the automotive aftermarket, the most recent as VP of Supply Chain and Quality at TruckLabs. He has experience in international sourcing/outsourcing, and product development for OEM, aftermarket […]
Classic Collision Acquires 4 Collision Repair Centers
Marks entry into Alaska for multiple shop operator, also adds location in Florida. Classic Collision, LLC announced two separate acquisitions of three Able Body Shops in Anchorage, Alaska and one Prestige Auto Collision in Cutler Bay, Fla. Classic Collision now operates a total of 74 repair centers in Georgia, Florida, Alabama, South Carolina, California, and […]
CCC Reports Revenue of $157.8 million in First Quarter
CCC Information Services Inc. announced total revenue was $157.8 million for the first quarter of 2021 ended March 31, compared to $159.2 million for the first quarter of 2020. Adjusted for the impact of the divestiture of a portion of its professional services casualty solution in December 2020, total revenue grew 7% in the first […]
I-CAR Opens Online Nominations for 2020 Russ Verona Memorial Award and Jeff Silver Award
The Inter-Industry on Auto Collision Repair (I-CAR) announced online nominations are now open for its two top 2020 industry awards which recognize outstanding contributions to advancing technical education and professionalism in the collision repair industry; the Russ Verona Memorial Award and the Jeff Silver Award. Nominations for both awards are being accepted for consideration through […]
PPG Introduces Waterborne Low-Gloss Clearcoat System
PPG (NYSE:PPG) announced the launch of its 2.1 Low VOC Matte and Semi-Gloss Clearcoats for use with the Envirobase High Performance basecoat system in the United States and Canada. Comprised of two premium-quality 2K acrylic urethane clears, the system can reproduce a range of gloss levels—making it ideal for performing refinish repairs on low-gloss finishes […]
Judell Anderson Announces Retirement as AASP-MN Executive Director
Judell Anderson, executive director of the Alliance of Automotive Service Providers of Minnesota (AASP-MN) since 1996, announced that she will retire at the end of this year, the association reports. With Anderson at the helm, AASP-MN enjoyed major legislative victories, created a scholarship program, expanded member benefits and attained record membership. She introduced strategic planning […]
Rhode Island $15 Minimum Wage Bill Signed into Law
Legislation will gradually raise the minimum wage to $15 over four years. Legislation sponsored by Rep. David A. Bennett and Sen. Ana B. Quezada to raise the minimum wage in Rhode Island from $11.50 to $15 over the next four years was signed into law by Gov. Dan McKee on May 20, two days after […]
Ford Announces Electric F-150 Lightning
Ford announced its all-electric F-150 Lightning will roll off the line next year at a new factory at Ford’s Rouge complex in Dearborn just outside Detroit. “For both Ford and the American auto industry, F-150 Lightning represents a defining moment as we progress toward a zero-emissions, digitally connected future,” said Bill Ford, executive chair, Ford […]
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