Summary
- Copart has acquired Vincent Auto Solutions for an undisclosed amount.
- Vincent Auto has built an auto remarketing business in western Kentucky.
- The deal is part of a significant effort by Copart to expand its sources of fleet and total loss automobiles.
- Looking for a community to discuss ideas with? IPO Edge features a chat room of like-minded investors sharing investing ideas and strategies. Start your free trial today »
Quick Take
Copart (CPRT) has announced the acquisition of Vincent Auto Solutions for an undisclosed sum.
Vincent Auto has developed an auto remarketing business for total loss and fleet vehicles in the western Kentucky region.
CPRT is embarking on ambitious vehicle supply side increase initiatives. If management has timed it correctly, investors will see improved results in the quarters ahead.
