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 […]
Copart to Pay $800,000 Settlement over Hazardous Waste Disposal in California
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 Reports Revenue of $810 Million in Fiscal 2022 First Quarter
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 Reports Fourth Quarter Revenue Up Over 42%
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 Opens New Location in North Dakota
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 Reports Fiscal Third Quarter Revenue of $733.9 million
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 […]
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