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Last $34.87 USD
Change Today -0.15 / -0.43%
Volume 287.8K
As of 8:10 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

copart inc (CPRT) Key Developments

Copart Releases Enhanced Android Mobile App

Copart, Inc. announced the highly anticipated launch of its newest version of Copart Mobile for Android. The updated mobile app gives buyers the ability to search for vehicles and attend Copart's patented live auctions wherever they are - a crucial feature for busy dealers, dismantlers and others who bid for vehicles daily while running their businesses. With this new, more powerful version, members can register, bid and add items to their Watchlist straight from their mobile device, saving valuable time. The clean, new look of Copart Mobile combines an easy-to-use interface with full-screen vehicle images and an innovative live auction bidding experience.

Copart Launches New Version of Copart Mobile for Android

Copart, Inc. has launched its new version of Copart Mobile for Android. The updated mobile app gives buyers the ability to search for vehicles and attend Copart's patented live auctions wherever they are - a crucial feature for busy dealers, dismantlers and others who bid for vehicles daily while running their businesses. With this new, more powerful version, members can register, bid and add items to their Watchlist straight from their mobile device, saving valuable time. The clean, new look of Copart Mobile combines an easy-to-use interface with full-screen vehicle images and an innovative live auction bidding experience.

Copart, Inc. Opens its Third Facility in the Middle East

Copart, Inc. announced the opening of its third facility in the Middle East, Copart Muscat Auctions LLC. This facility is now open for business and will conduct its first auction on June 23rd, with its principal office and location in Halban/Barka, close to Muscat. Auctions will take place every Tuesday thereafter at 5 p.m. local time. Copart has been steadily increasing its presence in the Middle East, opening its Middle Eastern headquarters in Dubai, UAE, in 2012, a facility in Manama, Bahrain in May 2015, and now its first facility in Oman. Adding new locations will provide buyers more immediate auction inventory in the region and local service provision for logistics and payment options.

Copart, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended April 30, 2015

Copart, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended April 30, 2015. For the quarter, the company reported total service revenues and vehicle sales of $297,142,000 compared to $309,722,000 a year ago. Operating income was $94,767,000 compared to $62,633,000 a year ago. Income before income taxes was $88,296,000 compared to $61,318,000 a year ago. Net income was $57,563,000 or $0.44 per diluted share compared to $40,877,000 or $0.31 per diluted share a year ago. Total revenue declined by $12.6 million or 4.1%. The company saw a reduction in the revenue per car due to decline in auction average selling price. The decline in ASPs resulted from lower commodity pricing and the impact of the stronger dollar. Service revenue remained relatively flat, increasing by $1.5 million or less than 1%, as the increase in car volume was offset by a reduction in revenue per car. For the nine months, the company reported total service revenues and vehicle sales of $863,786,000 compared to $876,039,000 a year ago. Operating income was $257,636,000 compared to $199,076,000 a year ago. Income before income taxes was $250,623,000 compared to $196,151,000 a year ago. Net income was $162,371,000 or $1.23 per diluted share compared to $127,644,000 or $0.97 per diluted share a year ago. Net cash provided by operating activities was $203,369,000 compared to $207,634,000 a year ago. Purchases of property and equipment including acquisitions, net of cash acquired were $49,079,000 compared to $78,078,000 a year ago.

Copart, Inc. to Report Q3, 2015 Results on May 27, 2015

Copart, Inc. announced that they will report Q3, 2015 results at 5:00 PM, Eastern Standard Time on May 27, 2015

 

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Industry Analysis

CPRT

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Valuation CPRT Industry Range
Price/Earnings 21.6x
Price/Sales 3.8x
Price/Book 3.9x
Price/Cash Flow 20.8x
TEV/Sales 2.7x
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