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 […]
Copart Opens New Location in Andrews, Texas
Copart, Inc. (NASDAQ:CPRT) announced the opening of a new location at 1975 South West 860 in Andrews, Texas. “With the addition of Andrews, we now have 16 locations in Texas, which is the most of any state to date,” said Jay Adair, CEO of Copart. “Another Copart location in the Lone Star State allows us […]
Copart Reports Revenue Up Over 7% in Fiscal Third Quarter
Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter ended April 30. For the three months ended April 30, 2017, revenue of $373.9 million an increase of $26.6 million, or 7.7 percent over the same quarter in the previous year. Gross margin was $172.5 million, an increase of $14.9 million, or 9.4 percent for the […]
Copart Expands Altoona, Pennsylvania Location
Copart, Inc. (NASDAQ:CPRT) announced the expansion of its location in Ebensburg, Pa. near Altoona. “Pennsylvania is already one of our top states in number of Copart locations. With the expansion of one of our existing locations, we’re adding even more vehicle storage capacity in the Keystone State,” said Jay Adair, CEO of Copart. “Each expansion […]
Copart Signs Agreement with Al Ahlia Insurance
Copart, Inc. (NASDAQ:CPRT) announced a new agreement between its subsidiary, Copart Muscat Auctions LLC, and Al Ahlia Insurance Co. SAOC, one of the largest insurance companies in the Sultanate of Oman and a part of the global RSA network. Both companies will work together to streamline the motor accident salvage sales process through operational efficiency […]
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