Copart, Inc. (NASDAQ: CPRT) reported financial results for the quarter and year ended July 31. For the three months ended July 31, revenue, gross profit, and net income were $449.2 million, $188.4 million, and $109.7 million, respectively. These represent an increase in revenue of $70.6 million, or 18.7 percent; an increase in gross profit of […]
Copart Adds Second Location in Germany
Copart, Inc. (NASDAQ:CPRT ) announced the opening of its second location in Germany. The facility is located at Industriegelände Nobitz 6, Nobitz, Thuringia, near Leipzig, Germany. “We are proud to open our second location in Germany,” said Alain Van Munster, Managing Director, Copart Germany. “With our proximity to Leipzig, we are able to more efficiently […]
Copart Opens Seventh Location in Brazil
Copart, Inc. (NASDAQ:CPRT) announced the opening of its seventh location in Brazil. The facility is located at Estrada da Roseira, 6.725, bairro Borda do Campo, São Jose dos Pinhais, near the city of Curitiba, the capital of the State of Parana. The new Curitiba location, which can store up to 7,000 vehicles, is strategically located […]
Copart Opens of New Location in Spartanburg, South Carolina
Copart, Inc. (NASDAQ:CPRT) announced the opening of its newest South Carolina location at 1921 Nazareth Church Road in Spartanburg. “We’re ready to expand our footprint in the Upstate region of South Carolina,” said Jay Adair, CEO of Copart. “The new Spartanburg location adds 96 acres of land to provide service to auto buyers and sellers. […]
Copart Expands West Warren, Massachusetts Location
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 […]