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 […]
Farmers Insurance Partners with National Auto Body Council on Veteran Vehicle Donations
Farmers Insurance recently donated three newly refurbished vehicles to veterans during a special ceremony at Copart’s Willis Johnson Ranch in Celina on Thursday, February 6. Farmers worked with Service King, Crest Auto Group and Gerber Collision & Glass to restore the vehicles for the recipients as part of the National Auto Body Council (NABC) Recycled […]
Copart Germany Opens New Munich East Location
Copart Deutschland GmbH, a subsidiary of the global online vehicle auction company Copart, Inc. (NASDAQ:CPRT), opened its new Munich East location at Hitzinger Wiesen 5 in Pilsting. “With our new Munich East location, we are pleased to make it more convenient for our buyers to purchase vehicles from Copart,” said Kai Siersleben, Managing Director of […]
Copart Reports Revenue Up Over 20% in Fiscal First Quarter
Copart, Inc. (NASDAQ:CPRT) reported financial results for its fiscal first quarter ended October 31. For the quarter, revenue was $554.4 million, up 93.1 million or 20.2% over the same period last year. Gross profit was $254.9 million and net income was $218.2 million. These represent an increase in gross profit of $59.0 million, or 30.1%; […]
Progressive’s Keys to Progress Event Provides Vehicles to More than 100 Military Families
Partnership with National Auto Body Council’s member collision repair shops and Recycled Rides program to honor veterans at more than 60 events across the U.S. on November 7 Just before Veterans Day, more than 100 veterans and their families will get keys to newly refurbished vehicles as part of Progressive’s seventh annual Keys to Progress […]
Copart Expands in Montreal
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 […]