Copart, Inc. (CPRT - Free Report) has expanded its location in China Grove, NC by adding land and space for higher volume of inventory. The company is undertaking rapid expansion to grow its business.
Recently, it announced the expansion of its Orlando location to manage the growing business. Copart also announced the expansion of its location in Houston, TX. The company has been witnessing strong growth in Texas. As a result, last month, it also announced the expansion of its location in North Fort Worth, TX.
Further, Copart acquired 2 new locations in Texas in Apr 2016, taking its total locations in the state to 14. In the same month, CrashedToys, the company’s online auction division that specializes in the sale of used and repairable powersport vehicles, opened a new retail-entertainment-auction concept in Dallas. CrashedToys of Dallas sold 99 vehicles for a total of $375,000 on the opening day.
Apart from Texas, Copart is expanding in other locations as well. In Jun 2016, the company announced the acquisition of a new location in Candia, NH as well as the opening of its first location in the Republic of Ireland.
In May 2016, Copart 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. The company also expanded its operations 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.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Copart, Inc. (CPRT - Free Report) has expanded its location in China Grove, NC by adding land and space for higher volume of inventory. The company is undertaking rapid expansion to grow its business.
Recently, it announced the expansion of its Orlando location to manage the growing business. Copart also announced the expansion of its location in Houston, TX. The company has been witnessing strong growth in Texas. As a result, last month, it also announced the expansion of its location in North Fort Worth, TX.
Further, Copart acquired 2 new locations in Texas in Apr 2016, taking its total locations in the state to 14. In the same month, CrashedToys, the company’s online auction division that specializes in the sale of used and repairable powersport vehicles, opened a new retail-entertainment-auction concept in Dallas. CrashedToys of Dallas sold 99 vehicles for a total of $375,000 on the opening day.
Apart from Texas, Copart is expanding in other locations as well. In Jun 2016, the company announced the acquisition of a new location in Candia, NH as well as the opening of its first location in the Republic of Ireland.
In May 2016, Copart 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. The company also expanded its operations 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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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