Copart, Inc. (NASDAQ:CPRT) announced that it has acquired Autovahinkokeskus Oy, a salvage auto auction company based in Finland doing business as AVK. “We are thrilled that AVK and its team members have joined the Copart family. We look forward to growing the business by providing outstanding results and service to our customers,” said Copart’s Chief […]
Copart Reports 31.3% Increase in Second Quarter Revenue
Copart, Inc. (NASDAQ:CPRT) reported financial results for its fiscal second quarter ended January 31. For the three months ended January 31, revenue, gross margin, and net income were $459.1 million, $191.6 million, and $103.3 million, respectively. These represent an increase in revenue of $109.6 million, or 31.3 percent; an increase in gross margin of $44.8 […]
Copart Canada Moves to a New Facility in Calgary
Copart, Inc. (NASDAQ:CPRT) announced the grand opening of a new facility in Calgary, Alberta. Copart has moved its current operations in Calgary to this new location, located at 234082 84 Street SE in Rocky View County. In conjunction with the grand opening ribbon cutting ceremony on December 7, 2017, Copart Canada also hosted its first […]
Copart Reports Revenue Up 21.1% in First Quarter Fiscal 2018
Copart, Inc. (NASDAQ: CPRT) last week reported its financial results for the quarter ended October 31. For the quarter ended October 31 revenue was $419.2 million, gross margin was $163.3 million, and net income was $77.5 million. These represent an increase in revenue of $73.2 million, or 21.1 percent; an increase in gross margin of […]
Copart Expands Phoenix Location
Copart, Inc. (NASDAQ:CPRT) announced the expansion of its Phoenix, Ariz. location. “We are very excited about the expansion,” said Copart Phoenix General Manager Jonathan Black. “For our sellers and transporters, this project centralized the facility’s entrance. For our buyers, it increased the size of the loadout area. These changes will improve efficiency for an even […]
Copart Expands in Memphis
Copart, Inc. (NASDAQ:CPRT) announced the recent 19-acre expansion of its Memphis, Tenn. location at 5545 Swinnea Road. “This year, we’ve announced an unprecedented number of land expansions,” said Copart CEO Jay Adair. “With existing locations and operations around the nation, these expansions allow us to continue to efficiently meet the total loss demands of our […]
Copart Expands Reno, Nevada Location
Copart, Inc. (NASDAQ:CPRT) announced the recent expansion of its Reno, Nevada location, one of more than 200 globally. “The Western region of the United States is an area where total loss volume continues to grow,” said Copart CEO Jay Adair. “With land and operations already in Reno, it made sense to augment our existing location […]
Copart Reports 13.8 percent Revenue Increase in Fiscal Fourth Quarter
Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter and year ended July 31, 2017. For the three months ended July 31, 2017, revenue was $378.6 million, an increase of $45.9 million, or 13.8 percent versus the same quarter last year. Gross margin, and net income were, $167.5 million, and $70.3 million, respectively. These represent […]
Copart Expands New Orleans Location
Copart, Inc. (NASDAQ:CPRT) announced the expansion of its New Orleans, La. location at 14600 Old Gentilly Road. The New Orleans expansion marks the twelfth Copart expansion announced this calendar year. “So far in 2017, we’ve expanded locations as far west as California, as far east as New Hampshire, and several in between,” said Jay Adair, […]
Copart Expands Locations Near Little Rock and Fayetteville, Arkansas
Copart, Inc. (NASDAQ:CPRT) announced the expansion of its two Arkansas locations—one in Conway, near Little Rock, and one in Prairie Grove, near Fayetteville. “Expansions are exciting for Copart because they allow us to utilize existing operations while storing and selling even more vehicles,” said Jay Adair, CEO of Copart. “Increasing our vehicle capacity in the […]
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