Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter ended April 30. For the three months ended April 30, 2017, revenue of $373.9 million an increase of $26.6 million, or 7.7 percent over the same quarter in the previous year. Gross margin was $172.5 million, an increase of $14.9 million, or 9.4 percent for the […]
Copart Expands Altoona, Pennsylvania Location
Copart, Inc. (NASDAQ:CPRT) announced the expansion of its location in Ebensburg, Pa. near Altoona. “Pennsylvania is already one of our top states in number of Copart locations. With the expansion of one of our existing locations, we’re adding even more vehicle storage capacity in the Keystone State,” said Jay Adair, CEO of Copart. “Each expansion […]
Copart Signs Agreement with Al Ahlia Insurance
Copart, Inc. (NASDAQ:CPRT) announced a new agreement between its subsidiary, Copart Muscat Auctions LLC, and Al Ahlia Insurance Co. SAOC, one of the largest insurance companies in the Sultanate of Oman and a part of the global RSA network. Both companies will work together to streamline the motor accident salvage sales process through operational efficiency […]
Copart Opens Its 15th Location in California, 200th Location Globally
Copart, Inc. (NASDAQ:CPRT), announced the opening of its 15th location in California. The new Wilmington, Calif., location is Copart’s 200th location worldwide and its seventh location in the southern California market. “More than three decades ago, Copart opened its first yard in California, so it’s only fitting that the landmark opening of our 200th location […]
Copart Opens Second Location in Utah
Copart, Inc. (NASDAQ:CPRT) announced the opening of its second location in Utah. “Gaining a greater foothold in the Mountain States with another Utah location sets the stage for continued growth in the region,” said Jay Adair, CEO of Copart. “As we approach our 200th Copart location, each new opening is another testament of our ability […]
Copart Opens Its 14th Location in Florida
Copart, Inc. (NASDAQ:CPRT) announced the addition of its Okeechobee, Florida location. This facility is strategically located between Orlando, Tampa and Miami, and it will serve as a standby location specifically for catastrophic events. Over the past year, Copart responded to catastrophic flooding in Baton Rouge and Houston, hailstorms in Colorado Springs and Dallas, and Hurricane […]
Copart Opens Its Fifth Illinois Location
Copart, Inc. (NASDAQ:CPRT) announced the opening of its fifth location in Illinois. “The opening of this location in southern Illinois addresses our increasing volume, which has been driven by both organic growth in the industry and market wins,” said Jay Adair, CEO of Copart. “Furthermore, it gives us the capacity for continued expansion in the […]
Copart Opens 15th Location in the United Kingdom
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 […]
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 […]
Copart Opens its 13th Location in Florida
Copart, Inc. (NASDAQ:CPRT) announced the addition of its Orlando North location in Apopka, Florida. The location is Copart’s 13th location in the Sunshine State. “We have been steadily growing our footprint for months now, and I’m pleased to continue that trend into 2017 with this being the third new location we have announced in the […]