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Copart (CPRT) Reports Adding Location at South Carolina
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Copart, Inc. (CPRT - Free Report) reported the addition of a location at Spartanburg, SC. The newly added location is situated at 1921 Nazareth Church Road in Spartanburg.
Per management, the addition of the Spartanburg location will add 96 acres of land, enabling Copart to offer services to auto buyers and sellers. Furthermore, the location will help the company to support vehicle remarketing needs in northwestern South Carolina.
Buyers can participate in the inventory bidding through the company’s website or Copart’s mobile application, which is available in iOS and Android platforms. Moreover, during the business hours, bidding kiosks can be accessed at the hub.
Earlier in the month, Copart announced a 22-acre expansion of its location at West Warren, MA. The expansion will aid the company in meeting customer requirements as well as address any future need of its clients. Prior to this, in June 2018, the company has reported the addition of a facility at Lumberton, NC, which functions as a disaster-response facility.
Copart is expanding its network of facilities to manage inflating volumes. It is also expanding in several new markets. Further, the company anticipates that these will strengthen its footprint in domestic and international markets.
The company organizes online auctions and offers a wide range of remarketing services to process and sell salvage, and clean title vehicles.
Price Performance
In the past six months, Copart’s stock has gained 34%, outperforming 25.6% rise recorded by the industry it belongs to.
Zacks Rank & Key Picks
Copart currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. (ALSN - Free Report) , Fox Factory Holdings Corporation (FOXF - Free Report) and PACCAR Inc. (PCAR - Free Report) . Allison Transmission and Fox Factory sport a Zacks Rank #1 (Strong Buy) while PACCAR carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Allison Transmission has an expected long-term growth rate of 10%. Shares of the company have risen 23.9% in the past six months.
Fox Factory has an expected long-term growth rate of 16.8%. Over the past six months, shares of the company have gained 72.4%.
PACCAR has an expected long-term growth rate of 10.8%. Over the past year, shares of the company have gained 4.7%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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Copart (CPRT) Reports Adding Location at South Carolina
Copart, Inc. (CPRT - Free Report) reported the addition of a location at Spartanburg, SC. The newly added location is situated at 1921 Nazareth Church Road in Spartanburg.
Per management, the addition of the Spartanburg location will add 96 acres of land, enabling Copart to offer services to auto buyers and sellers. Furthermore, the location will help the company to support vehicle remarketing needs in northwestern South Carolina.
Buyers can participate in the inventory bidding through the company’s website or Copart’s mobile application, which is available in iOS and Android platforms. Moreover, during the business hours, bidding kiosks can be accessed at the hub.
Copart, Inc. Price and Consensus
Copart, Inc. Price and Consensus | Copart, Inc. Quote
Earlier in the month, Copart announced a 22-acre expansion of its location at West Warren, MA. The expansion will aid the company in meeting customer requirements as well as address any future need of its clients. Prior to this, in June 2018, the company has reported the addition of a facility at Lumberton, NC, which functions as a disaster-response facility.
Copart is expanding its network of facilities to manage inflating volumes. It is also expanding in several new markets. Further, the company anticipates that these will strengthen its footprint in domestic and international markets.
The company organizes online auctions and offers a wide range of remarketing services to process and sell salvage, and clean title vehicles.
Price Performance
In the past six months, Copart’s stock has gained 34%, outperforming 25.6% rise recorded by the industry it belongs to.
Zacks Rank & Key Picks
Copart currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. (ALSN - Free Report) , Fox Factory Holdings Corporation (FOXF - Free Report) and PACCAR Inc. (PCAR - Free Report) . Allison Transmission and Fox Factory sport a Zacks Rank #1 (Strong Buy) while PACCAR carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Allison Transmission has an expected long-term growth rate of 10%. Shares of the company have risen 23.9% in the past six months.
Fox Factory has an expected long-term growth rate of 16.8%. Over the past six months, shares of the company have gained 72.4%.
PACCAR has an expected long-term growth rate of 10.8%. Over the past year, shares of the company have gained 4.7%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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