Copart, inc. (NASDAQ:CPRT) announced the addition of two new members to its leadership team today: Chief Financial Officer Leah Stearns and Chief Legal Officer Paul Kirkpatrick. Stearns will lead Copart’s finance and accounting functions to help enable the company’s continuing profitable growth. She is a seasoned Fortune 500 executive, serving most recently as chief financial […]
Copart Reports First Quarter Revenue Up Over 10%
Copart, Inc. (NASDAQ:CPRT) reported revenue of $893.4 million for its fiscal first quarter ended October 31, an increase in revenue of $83.2 million, or 10.3%, from the same period last year. Gross profit $369.5 million, down $15.5 million, or 4.0%, and net income was $245.8 million, a decrease of $14.5 million, or 5.6%, from the […]
Copart Releases Inaugural Environmental, Social and Governance Report
Copart, Inc. (NASDAQ:CPRT) released its inaugural report on its ongoing environmental, social, and governance (ESG) efforts. “From our inception, Copart has always been committed to principles of environmental stewardship, employee diversity and good governance,” said co-CEO Jeff Liaw. “We’re pleased to release our first report with substantial information about our efforts.” Copart’s Fiscal Year 2022 […]
One Month Left to Enter Copart Rebuild Challenge
Potential participants in the 2022 Copart Rebuild Challenge only have until September 1 to submit before and after images of their project cars for a chance to win up to $7,500, Copart announced. “The Rebuild Challenge has become quite a tradition for Copart and our Members over the years,” said Scott Booker, Chief Marketing & […]
Copart Reports Revenue of $939.9 Million in Fiscal Third Quarter
Copart, Inc. (NASDAQ: CPRT) reported revenue for the quarter ended April 30 was $939.9 million, an increase of $206.0 million, or 28.1%, from the same period last year. Gross profit was $436.3 million, an increase of $54.9 million, or 14.4%. Net income was $278.6 million, a decrease of $8.2 million, or 2.9% from last year. […]
Copart Promotes Jeff Liaw to Co-Chief Executive Officer
Copart, Inc. (NASDAQ:CPRT) announced that its Board of Directors has appointed Jeff Liaw, who has been serving as President and CEO North America, to co-CEO, effective April 1. Jay Adair will continue his leadership of the company as co-CEO and as a member of the Board of Directors. Liaw joined Copart in 2016 as Chief […]
Copart to Pay $800,000 Settlement over Hazardous Waste Disposal in California
The Alameda County District Attorney’s Office in California announced an $800,000 settlement with Copart Inc. for the company’s illegal disposal of hazardous waste. Copart acts as an intermediary between the sellers and buyers of used and salvage vehicles, preparing the vehicles for sale. A statewide investigation found that Copart employees cleaning out the vehicles were […]
Copart Reports Revenue of $810 Million in Fiscal 2022 First Quarter
Copart, Inc. (NASDAQ: CPRT) reported revenue of $810.1 million for its fiscal 2022 first quarter financial ended October 31, 2021, an increase of $217.2 million, or 36.6%, from the previous year. Gross profit was $385.0 million, up $88.3 million, or 29.7% during the quarter and net income was $260.4 million, an increase of $60.1 million, […]
Copart Reports Fourth Quarter Revenue Up Over 42%
Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter and year ended July 31, 2021. For the quarter, revenue, gross profit, and net income were $748.6 million, $357.5 million, and $256.0 million, respectively. These represent an increase in revenue of $223.0 million, or 42.4%; an increase in gross profit of $107.1 million, or 42.7%; and […]
Copart Opens New Location in North Dakota
Copart Inc. (NASDAQ: CPRT) announced a new location in Bismarck, N.D. “We’re excited to serve our customers in North Dakota from our new location in Bismarck,” said Glenn Shipman, General Manager of Copart Bismarck. Copart Bismarck will host weekly auctions at noon every Monday.
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