Copart, Inc. (NASDAQ:CPRT) announced the 22-acre expansion of its West Warren, Massachusetts location at 600 Old West Warren Road. “Our West Warren location is no stranger to expansions,” said Copart CEO, Jay Adair, in reference to its other recent expansion, announced last July. “Each expansion reflects our further commitment to service and efficiencies for our […]
Copart Launches Fifth Annual Rebuild Challenge
Copart, Inc. (NASDAQ:CPRT) announced the launch of its Fifth Annual Copart Rebuild Challenge. The Copart Rebuild Challenge is a contest designed for car enthusiasts and automotive rebuilders who are U.S. residents to show how they have restored, customized or rebuilt a vehicle of their choice. Contestants can enter the Copart Rebuild Challenge from now through […]
Copart Opens North Carolina Location for Disaster Recovery Response
Copart, Inc. (NASDAQ:CPRT) announced the opening of a new location in Lumberton, North Carolina. The location will function as a catastrophe response facility and store vehicles collected from severe weather events along the United States’ North Atlantic coastline. “Copart is committed to having the most agile and rapid vehicle recovery response for clients and communities […]
Copart Reports Revenue Up 27.9% in Fiscal Third Quarter
Copart, Inc. (NASDAQ:CPRT) reported revenue for the its fiscal third quarter ended April 30, was $478.2 million an increase of $104.3 million, or 27.9 percent above the same quarter in 2017. Gross profit was $219.1 million, an increase of $46.6 million, or 27.0 percent. Net income was $127.3 million, an increase of $36.8 million, or […]
Copart Clears Over 1 Million Scrap Tires from Property Acquired in Texas
Tires on San Antonio property acquired in January posed fire and Zika risks Copart, Inc. (NASDAQ:CPRT) announced the completion of the successful clearance of all scrap tires at the former Safe Tire Disposal Corp. facility at 11150 Applewhite Road in San Antonio, Texas. Copart acquired the San Antonio property in January, promising to fund and […]
Copart Expands in Minneapolis Market
Copart, Inc. (NASDAQ:CPRT) announced the expansion of its location near Minneapolis, located at 3737 East River Road in Fridley, Minn. “This new expansion adds twenty acres of land to support our clients in Minnesota,” said Jay Adair, CEO of Copart. “We’re proud to continue providing convenience and coverage to auto service providers and customers in […]
Snapsheet Hires Gary Goldsmith as SVP of Sales and Accounts
Snapsheet announced the hiring of Gary Goldsmith as senior vice president of sales and accounts. Goldsmith joins Snapsheet from Copart where he was most recently the vice president of sales and account management for the western division. In his 17-year tenure at Copart, Gary helped grow the organization significantly by building trusting relationships and securing […]
Copart Expands Tucson Location
Copart, Inc. (NASDAQ:CPRT) announced the expansion of its location at 5600 South Arcadia Avenue in Tucson, Ariz. “Our team in Tucson is prepared to take on a higher volume of vehicles,” said Jay Adair, CEO of Copart. “Just like our Phoenix location’s recent expansion, Tucson’s growth will provide increased efficiencies for buyers and sellers across […]
Copart Acquires Finnish Salvage Auto Auction Company
Copart, Inc. (NASDAQ:CPRT) announced that it has acquired Autovahinkokeskus Oy, a salvage auto auction company based in Finland doing business as AVK. “We are thrilled that AVK and its team members have joined the Copart family. We look forward to growing the business by providing outstanding results and service to our customers,” said Copart’s Chief […]
Copart Reports 31.3% Increase in Second Quarter Revenue
Copart, Inc. (NASDAQ:CPRT) reported financial results for its fiscal second quarter ended January 31. For the three months ended January 31, revenue, gross margin, and net income were $459.1 million, $191.6 million, and $103.3 million, respectively. These represent an increase in revenue of $109.6 million, or 31.3 percent; an increase in gross margin of $44.8 […]