Key Developments: Copart Inc (CPRT.OQ)
Latest Key Developments (Source: Significant Developments)
Copart, Inc announced it has acquired Berpa Auto Auction, Inc., a privately held automotive auction located in Montreal, Quebec, Canada. Full Article
Copart Inc announced that it has acquired Salvage Parent, Inc., which conducts business primarily as Quad City Salvage Auction, Crashed Toys, and Desert View Auto Auction. Combined, these businesses operate at thirty-nine locations in 14 states. Quad City Salvage Auction operates 23 facilities in 10 states, primarily in the north-central and northeast US, and stores, processes and auctions predominantly salvaged cars on behalf of the insurance industry. Crashed Toys operates 10 facilities in 6 states, primarily in the north-central US, and stores, processes and auctions salvaged motorcycles, boats, jet skis and other power sport crafts. Desert View operates in six facilities, all of which are in California, and stores, processes and auctions charity cars. The terms of the acquisition were not disclosed. Full Article
Copart Inc announced the acquisition of Ride Safely Middle East Auction, LLC located in Dubai, UAE. This acquisition will serve as the headquarters for operations in the GCC (Gulf Cooperation Council) which includes the countries of Kuwait, the Kingdom of Saudi Arabia, the United Arab Emirates, Qatar, Bahrain and Oman. Terms of the transaction were not disclosed. Full Article
Copart, Inc. announced that it has acquired Diamond Auto Bids and Disposals, a privately-held automotive auction with locations in Calgary and Edmonton, Alberta, Canada. Financial terms were not mentioned. Full Article
Sept 25 - U.S. stock index futures were little changed on Wednesday, following four days of losses on the S&P 500 and Dow, as investors grew increasingly concerned about budget and debt negotiations in Washington. S&P 500 futures fell 3 points, Dow Jones industrial average futures rose 3 points, and Nasdaq 100 futures lost 6 points.