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Slide #80. Copart, Inc. — Berpa Auto Auction
Copart, Inc. (NASDAQ:CPRT)
Berpa Auto Auction
Copart, Inc. (NASDAQ:CPRT), a leading online salvage vehicle auction company, today announced it has acquired Berpa Auto Auction, Inc., a privately held automotive auction located in Montreal, Quebec, Canada.
Copart provides online auctions and vehicle remarketing services. Co. provides vehicle sellers with a range of services to process and sell vehicles primarily over the internet through its Virtual Bidding Third Generation internet auction-style sales technology. Vehicle sellers consist of insurance companies, but also include banks, finance companies, charities, fleet operators, dealers, vehicle rental companies, and individuals. Co. sells the vehicles to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, exporters, and to the general public. Co.'s services offerings include: online seller access, salvage estimation services, IntelliSeller, among others.
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Buy (3.43 out of 4)