Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter and year ended July 31, 2017. For the three months ended July 31, 2017, revenue was $378.6 million, an increase of $45.9 million, or 13.8 percent versus the same quarter last year. Gross margin, and net income were, $167.5 million, and $70.3 million, respectively. These represent […]
BumperDoc Opens Eighth Franchise Location in Florida
BumperDoc, the auto body paint shop franchise, announced the opening of shop number eight in the state of Florida and third in Orlando. BumperDoc Downtown Orlando is officially in the site buildout process with plans to open in December 2017 or early 2018. The new BumperDoc is located at 22 S. Westmoreland Dr. not far […]
Collision Repair Education Foundation and ASE Announce Fall Career Fair Schedule
The Collision Repair Education Foundation (CREF) and the National Institute for Automotive Service Excellence (ASE) announced the fall schedule of career fairs that will bring together high school and college collision repair and auto service students together with industry employers. Companies have the opportunity to participate in each of the career fair events by being […]
CRC Industries Acquires Weld-Aid Products
CRC Industries, Inc. announced the acquisition of Weld-Aid Products. Located in Detroit, Michigan, Weld-Aid Products was established in 1958 as a division of the Roy Smith Welding Supply Company and quickly realized there were opportunities to improve the efficiency of the wire feed process in the welding marketplace. Today, Weld-Aid products are designed to both […]
Auto Care Association Petitions for Expanded Copyright Exemption for Vehicle Repair
Calls for the U.S. Copyright Office to expand consumer exemption in Digital Millenium Copyright Act to include repair service providers. The Auto Care Association has submitted a petition with the U.S. Copyright Office to expand the current exemption provided to consumers under the Digital Millennium Copyright Act (DMCA) when accessing encrypted software for the purpose […]
Refinish Paint Distributor Fined for VOC Violations in Ontario, Canada
Environment and Climate Change Canada’s (ECCC) announced that Fine Auto Paints and Supplies Ltd. of Scarborough, Ontario, was fined $25,000, after pleading guilty in the Ontario Court of Justice on September 13, to one count of contravening the Volatile Organic Compound Concentration Limits for Automotive Refinishing Products Regulations, under the Canadian Environmental Protection Act, 1999. […]
IIHS and HLDI Announce New President
The Insurance Institute for Highway Safety and the Highway Loss Data Institute announced that Dr. David L. Harkey will become the next president of the two traffic safety research organizations in January 2018. Harkey will succeed Dr. Adrian K. Lund, who is retiring after serving as IIHS-HLDI president since 2006. Harkey, 54, has directed the […]
CAPA Launches Updated Online Complaint Form
The Certified Automotive Parts Association (CAPA) announced the release of an updated online complaint form. In response to market feedback, users now have the ability to upload and submit complaint part photos through CAPA’s website. “CAPA continually monitors the quality of parts certified to the CAPA standard and is pro-active in soliciting industry feedback through […]
Small Business Optimism Remains Strong in August
Surge in capital spending and high sales expectations keeps NFIB Index at near record level The percentage of small business owners planning to make capital expenditures in the next three to six months reached its highest level since 2006, according to the National Federation of Independent Business (NFIB) Index of Small Business Optimism. “This is […]
Service King Welcomes 37 Technicians to Apprentice Program
Service King Collision Repair Centers welcomed its latest class of technicians to its Apprentice Development Program last week. In total, 37 aspiring technicians took part in celebratory Signing Day events at 10 different Service King locations across the U.S. With the influx of young talent, Service King’s innovative program now grows to more than 160 […]
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