Copart, Inc. (NASDAQ:CPRT) announced a 24-acre expansion to its Montreal location in Quebec, Canada. “We are excited to grow our capacity in Canada by expanding our Montreal location,” said Managing Director of Copart Canada Steve Macaluso. “This will enable us to grow our vehicle inventory and offer our members even more choices.” “With this expansion, […]
Jeff Liaw Named President of Copart
Copart, Inc. (NASDAQ:CPRT) announced that Jeff Liaw had been promoted to the position of President, effective September 3, 2019. Liaw will report directly to Chief Executive Officer Jay Adair. Prior to his elevation to President, Liaw, 42, served as Copart’s Senior Vice President and Chief Financial Officer, a position he has held since January 4, […]
Copart Reports Fiscal Fourth Quarter Revenue Up 20.8%
Copart, Inc. (NASDAQ:CPRT) reported its financial results for it fiscal fourth quarter and year ended July 31. For the fourth quarter, Copart reported revenue of $542.6 million, gross profit of $242.6 million, and net income of $153.5 million. These represent an increase in revenue of $93.4 million, or 20.8%; an increase in gross profit of […]
Copart Expands Calgary, Alberta Location
Copart, Inc. (NASDAQ:CPRT) announced the expansion of its location in Calgary, Alberta in Western Canada. The location added 20 acres of operational capacity, making it a 38-acre facility. This expansion will accommodate the increased business demands from buyers and sellers in Alberta. “We are extremely pleased with our continued business growth in Alberta,” said Copart […]
Copart Expands Atlanta Location
Copart, Inc. (NASDAQ:CPRT) announced a 40 acre expansion to its Atlanta East location in Georgia. This is the second time Copart has expanded this location this year as it continues to execute on its capacity growth initiative. “We are thrilled that we can meet our customers’ growing needs by expanding the Atlanta East facility,” said […]
Copart Expands Memphis Location
Copart, Inc. (NASDAQ:CPRT) announced the expansion of its Memphis, Tenn. location. Copart added 35 acres to the existing 46-acre facility to meet the needs of its buyers and sellers. This 81-acre location hosts vehicle auctions every Thursday at 12 p.m. CT. “Adding operational space to our Memphis location has provided us with further capacity to […]
Copart Opens New Location in Georgia
Copart, Inc. (NASDAQ:CPRT) announced the opening of its new location in Macon, Ga. The 35 acre facility is Copart’s ninth location in Georgia. “Opening in Macon allows us to offer increased convenience and additional options to our sellers and buyers in Georgia,” said Copart CEO Jay Adair. “This new location is a strategic step in […]
Copart Opens New Location in Buffalo
Copart, Inc. (NASDAQ:CPRT) announced the opening of its new location in Buffalo, New York, the second largest city in the state. The Buffalo facility is the sixth in the state and will complement Copart’s Rochester location in providing capacity for operations in the western part of New York. “Expanding our business to Buffalo is another […]
Copart Acquires New Location in Hartford
Copart, Inc. (NASDAQ:CPRT) opened a new location in Hartford, Connecticut. This location was formerly Hartford-Springfield Auto Auction. This is Copart’s second location in the state. “Our new Hartford location will provide capacity to accommodate our continuing growth in volume and additional convenience for our buyers in the region,” said Copart CEO Jay Adair. Copart hosts […]
Copart Reports Fiscal Third Quarter Revenue Up 15.7%
Copart, Inc. (NASDAQ: CPRT) reported that for the three months ended April 30, revenue, gross profit, and net income were $553.1 million, $251.6 million, and $192.7 million, respectively. These represent an increase in revenue of $74.9 million, or 15.7 percent; an increase in gross profit of $32.5 million, or 14.8 percent; and an increase in […]