Copart, Inc. (NASDAQ: CPRT) reported financial results for its fiscal third quarter ended April 30. For the quarter, revenue, gross profit, and net income were $733.9 million, $381.3 million, and $286.8 million, respectively. These represent an increase in revenue of $183.6 million, or 33.4%; an increase in gross profit of $138.7 million, or 57.2%; and […]
Copart Adds New Location in Spain
Copart, Inc. (NASDAQ:CPRT) announced the addition of a new location in Mallorca, Spain. The facility is in the Balearic Islands of the Mediterranean. “We are thrilled to open Copart’s seventh facility in Spain, to serve our customers,” said Spain Managing Director Santiago Zamit.
Copart and CHAMPtitles Announce Collaboration on Automated Title Processing for Auto Insurance Groups
Copart, Inc. (NASDAQ:CPRT) announced a strategic partnership with CHAMPtitles, a developer of online title processing software. Together, they are pleased to introduce an automated digital platform for car sellers, including insurance companies, that alleviates the need for manual paper and mail-oriented vehicle title processing. “At Copart, we are constantly striving to deliver industry leading solutions […]
Copart Expands Location in Macon, Georgia
Copart, Inc. (NASDAQ:CPRT) announced the expansion of its location in Macon, Georgia. The facility now spans 65 acres with additional capacity for vehicle storage and operations. “We are pleased about the expanded property because it provides us the additional space and resources to serve our customers in the exceptional manner they expect and deserve from […]
Copart Opens New Location in North Carolina
Copart, Inc. (NASDAQ:CPRT) opened a new location in Lumberton, North Carolina, consisting of 89 acres. “We’re happy to offer a new location in North Carolina for our buyers and sellers,” said Copart President Jeff Liaw. “We are delighted to continue the expansion of our global network of facilities to better serve our customers. We thank […]
Copart Announces Senior Leadership Appointments
Copart, Inc. (NASDAQ:CPRT) announced the appointment of three new members to its senior executive leadership team including Chief Operating Officer Steve Powers, Chief Marketing and Product Officer Scott Booker, and Chief Financial Officer John North. All three executives will work from Copart’s global headquarters in Dallas, Texas and will report to Copart President Jeff Liaw. […]
Copart Reports Fourth Quarter Revenue of $525 Million
Copart, Inc. (NASDAQ: CPRT) reported financial results for the quarter and year ended July 31 that its revenue, gross profit, and net income were $525.7 million, $250.4 million, and $165.5 million, respectively. These represent a decrease in revenue of $16.9 million, or 3.1%; an increase in gross profit of $7.8 million, or 3.2%; and an […]
Copart Opens New Location in Jacksonville, Florida
Copart Inc. (NASDAQ: CPRT), announced it opened its new 56-acre Jacksonville North location in Florida. This is Copart’s 14th location in the state. “We are excited about our new location in Jacksonville, which serves our growing business with additional space to store vehicles for our customers,” said Copart President Jeff Liaw. The Copart Jacksonville location’s […]
Copart Reports Fiscal Third Quarter Revenue Down 0.5%
Copart, Inc. (NASDAQ:CPRT) reported for the three months ended April 30, revenue of $550.4 million, down $2.8 million, or 0.5%, from the same period last year. Gross profit was $242.6 million, a decrease of $9.0 million, or 3.6% below last year and net income was $147.5 million, down $45.3 million, or 23.5%. For the nine […]
Copart Opens New Location in North Carolina
Copart, Inc. (NASDAQ:CPRT) announced the opening of a new location in Concord, North Carolina. This will be the sixth location in the state—a response to the increasing demands of automotive buyers and sellers. “This new location will contribute to the Concord community by creating new jobs, while also enabling us to better serve our sellers […]