The totaled auto auction industry is a lucrative market with many tailwinds. 80% of the market is split between Copart and IAA, making it a Duopoly. The companies differentiate each other in their ...

Vehicle marketplace IAA says the expansion of its McAllen, Texas, branch doubles the branch’s capacity, in part to further manage potential volume that comes from catastrophic weather events in the ...

Copart (NASDAQ: CPRT) may be the 300-pound gorilla in the auction market for totaled cars, but IAA (NYSE: IAA) is a fierce competitor and is now publicly traded after being spun out of KAR Auction ...

Insurance companies used to have contracts directly with local automotive recyclers for vehicles that were declared total losses following crashes. Now, insurers primarily work with online auction ...

Two of the largest salvage auction companies are in different stages of their journeys as publicly traded companies. One on its way toward a first anniversary; the other breaking out silver to ...

RB Global's shift to service-based revenue, now 78.5% of total, drives robust growth, supported by acquisitions and higher take rates from value-added services. The IAA acquisition has pivoted growth ...

Copart, Inc. CPRT is set to release first-quarter fiscal 2023 results on Nov 16, after the closing bell. The Zacks Consensus Estimate for the quarter’s earnings per share and revenues is 55 cents and ...

Copart, Inc. CPRT is set to release second-quarter fiscal 2023 results today, after the closing bell. The Zacks Consensus Estimate for the quarter’s earnings per share and revenues is 56 cents and ...