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Copart (CPRT) Announces Addition & Expansion of Locations
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Copart, Inc. (CPRT - Free Report) has announced the addition of two locations and expansion of one. The company recently added location in Casper, WY and Littleton, CO. Casper is the company’s first location in Wyoming while Littleton is the fourth location in Colorado. The rest of the three locations in Colorado were opened in 2016. Copart also announced the expansion of its location in Springfield, MO.
Copart is focused on expanding and adding new locations in the U.S. Wyoming is the 46th state where the company plans to start operating.
In Dec 2016, Copart announced the expansion of its location in Abilene, TX. The company has been witnessing strong growth in Texas which has encouraged it to expand its locations in Fort Worth, Houston and San Antonio, TX, earlier this year. Copart has also taken over Waco, Dallas South and CrashedToys Dallas locations in Texas this year. The company expects this expansion drive to complement its presence in Texas where it presently has operations in 15 locations.
In 2016, Copart added 10 new locations and expanded 13 existing locations across the country. The company also expanded internationally in the Republic of Ireland, Spain and Germany.
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.
Copart’s share price rose 5.1% in the last three months, reflecting strong results posted last quarter and several business initiatives including the expansion of network facilities and operations in the Middle East. Meanwhile, the Zacks categorized Auction/Valuation Services industry gained 1.7% over the same timeframe. Zacks Rank & Other Key Picks
Copart currently sports a Zacks Rank #1 (Strong Buy).
Other favorably ranked companies in the auto space include The Goodyear Tire & Rubber Company (GT - Free Report) , Modine Manufacturing Company (MOD - Free Report) and GKN plc .
Goodyear Tire and GKN carry a Zacks Rank #2 (Buy). Goodyear Tire has a long-term growth rate of 17.2% while GKN has a long-term growth of 6.2%.
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Copart (CPRT) Announces Addition & Expansion of Locations
Copart, Inc. (CPRT - Free Report) has announced the addition of two locations and expansion of one. The company recently added location in Casper, WY and Littleton, CO. Casper is the company’s first location in Wyoming while Littleton is the fourth location in Colorado. The rest of the three locations in Colorado were opened in 2016. Copart also announced the expansion of its location in Springfield, MO.
Copart is focused on expanding and adding new locations in the U.S. Wyoming is the 46th state where the company plans to start operating.
In Dec 2016, Copart announced the expansion of its location in Abilene, TX. The company has been witnessing strong growth in Texas which has encouraged it to expand its locations in Fort Worth, Houston and San Antonio, TX, earlier this year. Copart has also taken over Waco, Dallas South and CrashedToys Dallas locations in Texas this year. The company expects this expansion drive to complement its presence in Texas where it presently has operations in 15 locations.
In 2016, Copart added 10 new locations and expanded 13 existing locations across the country. The company also expanded internationally in the Republic of Ireland, Spain and Germany.
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.
COPART INC Price
COPART INC Price | COPART INC Quote
Price Performance
Copart’s share price rose 5.1% in the last three months, reflecting strong results posted last quarter and several business initiatives including the expansion of network facilities and operations in the Middle East. Meanwhile, the Zacks categorized Auction/Valuation Services industry gained 1.7% over the same timeframe.
Zacks Rank & Other Key Picks
Copart currently sports a Zacks Rank #1 (Strong Buy).
Other favorably ranked companies in the auto space include The Goodyear Tire & Rubber Company (GT - Free Report) , Modine Manufacturing Company (MOD - Free Report) and GKN plc .
Modine Manufacturing sports a Zacks Rank #1. The company has an expected earnings growth of around 11.2% for the current year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Goodyear Tire and GKN carry a Zacks Rank #2 (Buy). Goodyear Tire has a long-term growth rate of 17.2% while GKN has a long-term growth of 6.2%.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>