Hints and tips:
...The guys who are doing the actual grinding down and doing the refining of the component parts aren’t in the business of running 17,000 acres of auction yard like Copart is.”...
...Thankfully, last month, the last all-male S&P 500 board was no more as Texas-based Copart appointed a woman director....
...Copart currently boasts a market capitalisation of $13.5bn....
...After turning round Universal Salvage and overseeing its sale to Copart of the US in 2007, Avril Palmer-Baunack took over as chief executive of Autologic, the vehicle distribution company....
...The fund has held a stake in Copart, the US car salvage firm, since 2003. Jana has also held nearly 10 per cent of Convergys, the consultancy, for nearly three years and has a seat on the board....
...Copart, at 15 times ebitda, is the Ebay of trashed cars (insurance companies sell them, steel salvagers buy them) and has set up an online exchange for used vehicles (don’t forget that cars lose 20 per cent...
...Copart is an intermediary in the salvage vehicle business. Quietly, it has become one of the largest and most profitable retailers on the internet....
International Edition