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Copart (CPRT) Expands Chicago North Location, Stock Rises
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Copart, Inc.’s (CPRT - Free Report) shares improved 1% to close at $57.40 on Jan 13, after the company announced the expansion of its location in Chicago North. The company has four locations in the Chicago area.
Copart is expanding its network of facilities to manage increasing volumes. Earlier this month, the company announced the addition of new locations in Casper, WY and Littleton, CO as well as the expansion of its location in Springfield, MO. Casper is the company’s first location in Wyoming while Littleton is the fourth location in Colorado. The previous three locations in Colorado were opened in 2016.
In Dec 2016, the company announced the expansion of its locations in Abilene, Tifton and Newburgh. In Nov 2016, Copart disclosed plans of expanding its locations in China Grove and Indianapolis as well as the opening of its 14th location in California. In Sep 2016, the company opened its first vehicle storage and auction location in Germany. In Aug 2016, Copart declared the opening of its third location in Colorado as well as the expansion of its location in San Antonio, TX.
In Jul 2016, the company inaugurated its first facility in Spain, which was also the first total loss vehicle storage and processing facility in mainland Europe. In the same month, Copart expanded its location in China Grove, NC by adding land and space for higher volume of inventory and opened a new location in Cartersville, GA.
In Jun 2016, the company announced the expansion of its locations in Orlando; Houston, TX; and North Fort Worth, TX to manage the growing business. In the same month, Copart unveiled plans of acquiring a new location in Candia, NH as well as the opening of its first location in the Republic of Ireland. The company will use this location as its base for future auctions in Ireland. In May 2016, the company reported the expansion of its location in Brighton, CO as well as the opening of its second location in Colorado at Colorado Springs. The company also acquired two new locations in Texas in Apr 2016, taking its total locations in the state to 14.
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 has outperformed the Zacks categorized Auction and Valuation Services industry over the last 3 months. The stock gained 6.4% over this period while the industry saw a 4.6% increase.
Zacks Rank & Other Stocks to Consider
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.
The company, with a Zacks Rank #1 (Strong Buy), provides a wide range of remarketing services to process and sell salvage and clean title vehicles. This is done mainly over the Internet, through its Virtual Bidding Third Generation (VB3), Internet auction-style sales technology.
Other well-ranked companies in the auto space include Penske Automotive Group, Inc. (PAG - Free Report) , Fox Factory Holding Corp (FOXF - Free Report) and GKN plc .
Fox Factory sports a Zacks Rank #1. The company has an expected earnings growth rate of around 16.6% over the long term.
GKN holds a Zacks Rank #2 (Buy) and has a long-term growth rate of 6.3%.
Zacks' Top 10 Stocks for 2017
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Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
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Copart (CPRT) Expands Chicago North Location, Stock Rises
Copart, Inc.’s (CPRT - Free Report) shares improved 1% to close at $57.40 on Jan 13, after the company announced the expansion of its location in Chicago North. The company has four locations in the Chicago area.
Copart is expanding its network of facilities to manage increasing volumes. Earlier this month, the company announced the addition of new locations in Casper, WY and Littleton, CO as well as the expansion of its location in Springfield, MO. Casper is the company’s first location in Wyoming while Littleton is the fourth location in Colorado. The previous three locations in Colorado were opened in 2016.
In Dec 2016, the company announced the expansion of its locations in Abilene, Tifton and Newburgh. In Nov 2016, Copart disclosed plans of expanding its locations in China Grove and Indianapolis as well as the opening of its 14th location in California. In Sep 2016, the company opened its first vehicle storage and auction location in Germany. In Aug 2016, Copart declared the opening of its third location in Colorado as well as the expansion of its location in San Antonio, TX.
In Jul 2016, the company inaugurated its first facility in Spain, which was also the first total loss vehicle storage and processing facility in mainland Europe. In the same month, Copart expanded its location in China Grove, NC by adding land and space for higher volume of inventory and opened a new location in Cartersville, GA.
In Jun 2016, the company announced the expansion of its locations in Orlando; Houston, TX; and North Fort Worth, TX to manage the growing business. In the same month, Copart unveiled plans of acquiring a new location in Candia, NH as well as the opening of its first location in the Republic of Ireland. The company will use this location as its base for future auctions in Ireland. In May 2016, the company reported the expansion of its location in Brighton, CO as well as the opening of its second location in Colorado at Colorado Springs. The company also acquired two new locations in Texas in Apr 2016, taking its total locations in the state to 14.
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, Inc. Price
Copart, Inc. Price | Copart, Inc. Quote
Copart has outperformed the Zacks categorized Auction and Valuation Services industry over the last 3 months. The stock gained 6.4% over this period while the industry saw a 4.6% increase.
Zacks Rank & Other Stocks to Consider
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.
The company, with a Zacks Rank #1 (Strong Buy), provides a wide range of remarketing services to process and sell salvage and clean title vehicles. This is done mainly over the Internet, through its Virtual Bidding Third Generation (VB3), Internet auction-style sales technology.
Other well-ranked companies in the auto space include Penske Automotive Group, Inc. (PAG - Free Report) , Fox Factory Holding Corp (FOXF - Free Report) and GKN plc .
Penske Automotive has an expected long term earnings per share growth rate of 8.2%. It sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Fox Factory sports a Zacks Rank #1. The company has an expected earnings growth rate of around 16.6% over the long term.
GKN holds a Zacks Rank #2 (Buy) and has a long-term growth rate of 6.3%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>