We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Copart (CPRT) Opens First Location in the Republic of Ireland
Read MoreHide Full Article
Shares of Copart, Inc. (CPRT - Free Report) inched up 0.2% on Jun 2 after the company announced the opening of its first location in the Republic of Ireland. Copart also held its first online auction from the location on May 31, which was highly successful.
The opening of the new location, situated at Castledermot in Carlow, Ireland, is part of Copart’s expansion strategy for the European market. The company has many customers in Ireland, which will be beneficial for the latest location. Copart will use the location as its base for future auctions in Ireland.
Copart is expanding its network of facilities to manage increasing volumes. In May 2016, the company announced the expansion of its location in Brighton, CO as well as the opening of its second location in Colorado at a 20-acre area in Colorado Springs. As part of this expansion plan, the company also acquired 2 new locations in Texas in Apr 2016, taking its total locations in the state to 14. Copart also extended its reach to India, with the first auction in the nation held in Oct 2015.
Additionally, Copart has been focused on expanding in the Middle East over the last few years. The UAE ranks second in the international market for cars sold from the company’s North American yards.
Copart is a prominent player in online auctions and vehicle remarketing services in the U.S., Canada, U.K., UAE, Bahrain, India, Sultanate of Oman, Spain, Brazil, Germany, and the Republic of Ireland. Its peers in the auction and valuations services business include Sotheby's , Ritchie Bros. Auctioneers Incorporated (RBA - Free Report) and Liquidity Services, Inc. (LQDT - Free Report) .
The company, with a Zacks Rank #1 (Strong Buy), provides a wide range of remarketing services to vehicle suppliers, primarily insurance companies, to process and sell salvage vehicles. This is done mainly over the Internet, through its Virtual Bidding Internet auction-style sales technology.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Copart (CPRT) Opens First Location in the Republic of Ireland
Shares of Copart, Inc. (CPRT - Free Report) inched up 0.2% on Jun 2 after the company announced the opening of its first location in the Republic of Ireland. Copart also held its first online auction from the location on May 31, which was highly successful.
The opening of the new location, situated at Castledermot in Carlow, Ireland, is part of Copart’s expansion strategy for the European market. The company has many customers in Ireland, which will be beneficial for the latest location. Copart will use the location as its base for future auctions in Ireland.
Copart is expanding its network of facilities to manage increasing volumes. In May 2016, the company announced the expansion of its location in Brighton, CO as well as the opening of its second location in Colorado at a 20-acre area in Colorado Springs. As part of this expansion plan, the company also acquired 2 new locations in Texas in Apr 2016, taking its total locations in the state to 14. Copart also extended its reach to India, with the first auction in the nation held in Oct 2015.
Additionally, Copart has been focused on expanding in the Middle East over the last few years. The UAE ranks second in the international market for cars sold from the company’s North American yards.
Copart is a prominent player in online auctions and vehicle remarketing services in the U.S., Canada, U.K., UAE, Bahrain, India, Sultanate of Oman, Spain, Brazil, Germany, and the Republic of Ireland. Its peers in the auction and valuations services business include Sotheby's , Ritchie Bros. Auctioneers Incorporated (RBA - Free Report) and Liquidity Services, Inc. (LQDT - Free Report) .
The company, with a Zacks Rank #1 (Strong Buy), provides a wide range of remarketing services to vehicle suppliers, primarily insurance companies, to process and sell salvage vehicles. This is done mainly over the Internet, through its Virtual Bidding Internet auction-style sales technology.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>