Copart, Inc. (NASDAQ:CPRT), the vehicle auction company, announced the opening of its 15th location in the United Kingdom in Newbury. “The investment in the Newbury facility has added capacity to support our current and future growth in the UK,” said Nigel Paget, Chief Executive Officer – Europe. “It is the first of our facilities to be […]
Traffic Volume Up Just 0.5% in December
Record volume for full year at 3.2 trillion vehicle miles. Two regions reported declines in traffic volume in December versus 2015. Travel for the month of December is estimated at 263.6 billion vehicle miles nationwide according to the most recent data released by the Federal Highway Administration. The December result continues the trend of increased […]
UK Information Commissioner Conducts Raid as Part of Illegal Collision Repair Customer Data Trading Probe
A search warrant was executed February 23 at a property in London, as part of an investigation into the illegal access of customer details from collision repair facility operator Nationwide Accident Repairs Services (NARS). The United Kingdom Information Commissioner’s Office (ICO), which carried out the search, believes people’s information was unlawfully traded and could be […]
ASA Gears Up for Connected Cars May 18-20 in Detroit
The Automotive Service Association (ASA) will host an in-depth look at the technical aspects of Advanced Driver Assistance Systems at Connected CARS on May 18-20 at the Detroit Metro Airport Marriott Hotel in Romulus, Mich. Seats are limited for this highly specialized training event, so early registration is recommended. Registration and a detailed agenda are […]
Collision Repair Shop Owner Pleads Guilty in Odometer Fraud Scheme
The U.S. Department of Justice yesterday reported that a Georgia man who owns a collision repair shop in Virginia pleaded guilty to operating an odometer fraud scheme involving over 100 vehicles. Paul Robinson, 37, of Lawrenceville, Ga., pleaded guilty in U.S. District Court in Norfolk, Virginia, to one count of conspiracy to commit securities fraud […]
Service King Hosts U.S. Army, Department of Defense to Promote Mission 2 Hire
Service King Collision Repair Centers welcomed members of the U.S. Department of Defense and the U.S. Army’s Soldier For Life Program Tuesday inside the company’s North Texas home office. The meeting included Lt. Col. Derwin Brown as well as representatives from Service King’s senior executive team and recruiting teams. Together, the group discussed opportunities and […]
LKQ Corporation Reports Revenue Up 19.3% in Fourth Quarter
Organic parts and service revenue growth was up 4.8 percent. LKQ Corporation (NASDAQ:LKQ) today announced results for its fourth quarter and full year ended December 31, 2016. Net income for the fourth quarter of 2016 was $86.3 million, a decrease of 9.2 percent compared to $95.1 million 2015. Net income for full year 2016 was […]
LORD Donates Products and Equipment to Schools through Collision Repair Education Foundation
LORD Corporation, maker of LORD Fusor Automotive Repair Adhesives, has donated products and equipment to 13 schools in support of the Collision Repair Education Foundation’s (CREF) Gift-in-Kind program. The Gift-in-Kind program accepts donations from industry partners to benefit collision schools, students and instructors. Donations of tools, equipment, technology, and materials are distributed to qualified collision […]
ASA Opposes Arkansas Collision Repair Part Disclosure Bill
The Automotive Service Association (ASA) is encouraging collision repair industry members to oppose Arkansas Senate Bill 291 (SB 291) (SB 291), that seeks to repeal the requirement that original equipment collision repair parts be used when a vehicle is under warranty. ASA encourages all interested parties to visit the Alert Section its legislative website to […]
Copart Reports 16.6% Revenue Increase in Fiscal 2017 Second Quarter
Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter ended January 31, 2017. For the three months ended January 31, 2017, revenue, gross margin, and net income were $349.5 million, $146.8 million, and $66.1 million, respectively. These represent an increase in revenue of $49.8 million, or 16.6 percent; an increase in gross margin of $22.2 […]
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