Copart, Inc. (NASDAQ: CPRT) reported financial results for its fiscal second quarter ended January 31, 2025. For the three months ended January 31, revenue, gross profit, and net income attributable to Copart, Inc. were $1.16 billion, $525.6 million, and $387.4 million, respectively. These represent an increase in revenue of $143.2 million, or 14.0%; an increase […]
LKQ Corporation Fourth Quarter Revenue of $3.4 Billion
Revenue was down in the quarter compared to last year as repairable claims declined. Revenue for the full year was up. LKQ Corporation (NASDAQ: LKQ) today reported revenue for the fourth quarter of 2024 was $3.4 billion, a decrease of 4.1% compared to $3.5 billion for the fourth quarter of 2023. Parts and services organic […]
CARSTAR Adds Collision Repair Center to Network in Arkansas
CARSTAR announced the opening of CARSTAR AutoCraft Paint and Body Works, a 10,000 square-foot collision repair center, located at 60 County Road 9501 in Brookland, Ark. Blake Brown, the owner of CARSTAR AutoCraft Paint and Body Works, has over 15 years of experience in the collision industry. He began his career at Green County Tech […]
WIN Annual Conference 2025: Keynote Speakers and Program Highlights
The Women’s Industry Network (WIN) announced the agenda for its 2025 Annual Conference, set for May 5-7 at the Hilton Orlando Lake Buena Vista – Disney Springs Area in Florida. The event will feature a range of professional development sessions, networking opportunities, and keynote speeches aimed at advancing women in the collision repair industry. Blair […]
Asbury Automotive Group Acquires Herb Chambers Companies
Sale of 14th largest private dealership group in the U.S. includes 33 dealerships, 52 franchises, and 3 collision repair centers in Massachusetts and Rhode Island. The Asbury Automotive Group, Inc. (NYSE: ABG) announced it signed an agreement to acquire automotive dealerships owned by The Herb Chambers Companies (HCC), the fourteenth largest by revenue privately-owned dealership […]
California Department of Insurance Warns Drivers about Tow Truck Drivers Holding Vehicles Hostage in Southern California
Warning follows arraignment of 16 residents in alleged auto insurance fraud ring involving body shop. Yesterday, the California Department of Insurance issued a public service announcement (PSA) with a warning for California drivers about an increase in scams involving tow truck companies targeting car accident victims where vehicles are being held hostage for cash. The […]
Elitek Vehicle Services Launches ADAS MAP
Elitek Vehicle Services, an LKQ company, announced the launch of its innovative Advanced Driver Assistance Systems Mapping (ADAS MAP) solution. It is powered by advanced technology from OPUS IVS. This software tool is designed to provide repair shops with the confidence and efficiency needed to properly diagnose, calibrate, and repair Advanced Driver Assistance Systems (ADAS) […]
PGW Opens Calibration Center in Houston, Texas
PGW Auto Glass announced the opening of a new calibration center in Houston, Texas expanding its services to support proper alignment of vehicle safety systems after windshield replacements. The facility, located at 4555 Airline Drive, Suite 170, is equipped with advanced calibration technology and staffed by trained technicians. “This new facility allows us to better […]
Applications Open for Art Fisher Memorial Scholarships
Applications for the Art Fisher Memorial Scholarships are now being accepted at the University of the Aftermarket Foundation (UAF) scholarship website. Thirteen scholarships for the 2025-26 academic year, in memory of the late founder of Federated Auto Parts, will be awarded to students preparing for automotive aftermarket careers. The Art Fisher Memorial Scholarships are administered […]
Trive Capital Invests in Chilton Auto Body
Chilton has 20 collision repair centers in California. Trive Capital, a Dallas, Texas-based private equity firm, announced it invested in Chilton Auto Body. Headquartered in San Carlos, Calif, Chilton operates 20 collision shops across the Bay Area and Los Angeles and continues to grow throughout state. Founded in 1969, Chilton services all vehicle makes and […]
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