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Copart (CPRT) Expands West Warren Site in Massachusetts
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Copart, Inc. (CPRT - Free Report) has reported the 22-acre expansion of its location at West Warren, MA. Per management, the increased capacity at Copart’s West Warren location will aid the company in meeting customer requirements as well as address any future need of its clients. Earlier to this, in July 2017, the company announced the initial expansion of the West Warren site.
Online auctions at the West Warren location are held every Wednesday at 10 a.m. CT. Buyers can participate in the inventory bidding through computers, tablets and smartphones. Moreover, during the business hours, bidding kiosks can be accessed at the hub.
Copart, in June 2018, announced the addition of a facility at Lumberton, NC. This site functions as a disaster-response facility and stores vehicles that are damaged in natural calamities at the North Atlantic coastline.
The company has been expanding its network of facilities to manage the rising volume. It is also widening its base in new markets. Apart from the United States, it has also been focusing on expanding in the Middle East, Europe, Brazil and India.
Copart engages in online auctioning of vehicles. It sells vehicles on behalf of insurance companies, finance companies, banks, dealers and fleet operators. It operates in more than 200 locations in 11 countries.
Price Performance
In the past six months, Copart’s stock has gained 30.9%, outperforming 20.8% increase recorded by the industry it belongs to.
Zacks Rank & Key Picks
Copart currently sports a Zacks Rank #3 (Hold). Some better-ranked stocks in the auto space are Honda Motor Co., Ltd. (HMC - Free Report) , PACCAR Inc. (PCAR - Free Report) and Allison Transmission Holdings, Inc. (ALSN - Free Report) . Honda and PACCAR presently carry a Zacks Rank #2 (Buy) while Allison Transmission sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Honda has an expected long-term growth rate of 3%. Shares of the company have risen 8.2% in the past year.
PACCAR has an expected long-term growth rate of 10.8%. Over a year, shares of the company have gained 4.3%.
Allison Transmission has an expected long-term growth rate of 10%. Over a year, shares of the company have gained 34%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. It's not the one you think.
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Copart (CPRT) Expands West Warren Site in Massachusetts
Copart, Inc. (CPRT - Free Report) has reported the 22-acre expansion of its location at West Warren, MA. Per management, the increased capacity at Copart’s West Warren location will aid the company in meeting customer requirements as well as address any future need of its clients. Earlier to this, in July 2017, the company announced the initial expansion of the West Warren site.
Online auctions at the West Warren location are held every Wednesday at 10 a.m. CT. Buyers can participate in the inventory bidding through computers, tablets and smartphones. Moreover, during the business hours, bidding kiosks can be accessed at the hub.
Copart, in June 2018, announced the addition of a facility at Lumberton, NC. This site functions as a disaster-response facility and stores vehicles that are damaged in natural calamities at the North Atlantic coastline.
Copart, Inc. Price and Consensus
Copart, Inc. Price and Consensus | Copart, Inc. Quote
The company has been expanding its network of facilities to manage the rising volume. It is also widening its base in new markets. Apart from the United States, it has also been focusing on expanding in the Middle East, Europe, Brazil and India.
Copart engages in online auctioning of vehicles. It sells vehicles on behalf of insurance companies, finance companies, banks, dealers and fleet operators. It operates in more than 200 locations in 11 countries.
Price Performance
In the past six months, Copart’s stock has gained 30.9%, outperforming 20.8% increase recorded by the industry it belongs to.
Zacks Rank & Key Picks
Copart currently sports a Zacks Rank #3 (Hold). Some better-ranked stocks in the auto space are Honda Motor Co., Ltd. (HMC - Free Report) , PACCAR Inc. (PCAR - Free Report) and Allison Transmission Holdings, Inc. (ALSN - Free Report) . Honda and PACCAR presently carry a Zacks Rank #2 (Buy) while Allison Transmission sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Honda has an expected long-term growth rate of 3%. Shares of the company have risen 8.2% in the past year.
PACCAR has an expected long-term growth rate of 10.8%. Over a year, shares of the company have gained 4.3%.
Allison Transmission has an expected long-term growth rate of 10%. Over a year, shares of the company have gained 34%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>