Copart, Inc. (NASDAQ: CPRT) reported revenue for the quarter ended April 30 was $939.9 million, an increase of $206.0 million, or 28.1%, from the same period last year. Gross profit was $436.3 million, an increase of $54.9 million, or 14.4%. Net income was $278.6 million, a decrease of $8.2 million, or 2.9% from last year. […]
Copart, Inc. (NASDAQ:CPRT) announced that its Board of Directors has appointed Jeff Liaw, who has been serving as President and CEO North America, to co-CEO, effective April 1. Jay Adair will continue his leadership of the company as co-CEO and as a member of the Board of Directors. Liaw joined Copart in 2016 as Chief […]
The Alameda County District Attorney’s Office in California announced an $800,000 settlement with Copart Inc. for the company’s illegal disposal of hazardous waste. Copart acts as an intermediary between the sellers and buyers of used and salvage vehicles, preparing the vehicles for sale. A statewide investigation found that Copart employees cleaning out the vehicles were […]
Copart, Inc. (NASDAQ: CPRT) reported revenue of $810.1 million for its fiscal 2022 first quarter financial ended October 31, 2021, an increase of $217.2 million, or 36.6%, from the previous year. Gross profit was $385.0 million, up $88.3 million, or 29.7% during the quarter and net income was $260.4 million, an increase of $60.1 million, […]
Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter and year ended July 31, 2021. For the quarter, revenue, gross profit, and net income were $748.6 million, $357.5 million, and $256.0 million, respectively. These represent an increase in revenue of $223.0 million, or 42.4%; an increase in gross profit of $107.1 million, or 42.7%; and […]
Copart Inc. (NASDAQ: CPRT) announced a new location in Bismarck, N.D. “We’re excited to serve our customers in North Dakota from our new location in Bismarck,” said Glenn Shipman, General Manager of Copart Bismarck. Copart Bismarck will host weekly auctions at noon every Monday.
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, 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, 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, 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 […]