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Copart (CPRT) Expands Online Auction Location at Arizona

Zacks Equity Research
Updated

Copart, Inc. CPRT has announced extension of its location at Phoenix, AR, which holds online car auctions.

The auctions are held every Monday at noon PT. Buyers can take part in the auction through the company’s website or its application available on iOS and android devices. Also, during business hours, bidding kiosks can be accessed at the location.

Address of the expanded Arizona site is 615 South 51st Avenue, Phoenix.

Copart, Inc. Price and Consensus

Copart, Inc. Price and Consensus | Copart, Inc. Quote

Per management, the extension will improve the location’s competence level, enabling it to enhance the customer experience.

The company is on track to widen its network of facilities to manage the increasing volumes. Thriving on business, it emerges into several other new markets. Earlier in October, the company expanded its Reno, NV hub. In September, Copart announced expansion of its New Orleans, LA location at 14600 Old Gentilly Road.

Price Performance

The stock has surged 30.8% year to date, outperforming the industry's 12.7% growth.



Zacks Rank & Key Picks

Copart carries a Zacks Rank #3 (Hold). Some better-ranked companies in the auto space include Navistar International Corporation NAV, Cummins Inc. CMI and Ford Motor Company F. Whiel Navistar and Cummins sport a Zacks Rank #1 (Strong Buy), Ford carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Navistar has an expected long-term growth rate of 5%.

Cummins has an expected long-term growth rate of 12.4%.

Ford has an expected long-term growth rate of 10.7%.

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Ford Motor Company (F) : Free Stock Analysis Report
 
Navistar International Corporation (NAV) : Free Stock Analysis Report
 
Cummins Inc. (CMI) : Free Stock Analysis Report
 
Copart, Inc. (CPRT) : Free Stock Analysis Report
 
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