BNET Industries

Market Cap:$2.7B
Last Fiscal Year Sales:$784.8M
- Public
- US
Dow Jones Description
Auction & Towing Services to Licensed Used Vehicle Dealers, Dismantlers & Rebuilders
Number of Employees 2,975
Contact Information
4665 Business Center Dr
Fairfield, California 94534
(707) 639-5000
Peer Companies
NAICS Code All Other Motor Vehicle Dealers: 441229
Recent Events
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Zacks Sell List Highlights: Hooker Furniture Corp., Copart, Inc., CLARCOR Inc. and Analogic Corp.
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RBC Capital Downgrades Copart CPRT to Sector Perform
-
Copart Dropped To Over Two-Month Low Thursday
News & Analysis
Filter by
copart inc. - All News and Analysis
Copart: Another Beneficiary of Cash for Clunkers
Andrew Horowitz submits: Company Description: Copart, Inc. CPRT provides vehicle suppliers, primarily insurance companies, with a variety of services to process and sell salvage vehicles through auctions. Salvaged vehicles are primarily sold to licensed dismantlers, rebuilders, and used vehicle dealers. We perceive Copart to be...
Copart, Inc. F2Q09 (Qtr End 01/31/09) Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator instructions We'll take our first question today from Tony Cristello with BB&T Capital Markets. Tony Cristello – BB&T Capital Partners Thanks, good morning, guys. Will Franklin Hi. Good morning, Tony. Jay Adair Hi, Tony. Tony Cristello – BB&T Capital Partners Jay, maybe if...
Jana Partners (Barry Rosenstein): Portfolio Update
Market Folly submits: Jana Partners, the hedge fund ran by Barry Rosenstein, has filed an amended 13D with the SEC and has disclosed a 4.6% ownership stake in Copart CPRT. The 13D was filed due to its activity on December 5, 2008. It has decreased its position to 3,864,494 shares....
Copart Inc. F4Q08 (Qtr End 07/31/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Robert Labick – CJS Securities. Robert Labick – CJS Securities The first question I wanted to ask relates to the gross profits particularly in the U.S. It was I think a sequential almost 300 basis points...
Copart, Inc. F3Q08 (Qtr End 04/30/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Bob Labick – CJS Securities Bob Labick – CJS Securities You obviously touched on it in your opening remarks, but could you expand upon the towing costs and the impact of diesel fuel and...
Copart Inc. F2Q08 (Qtr End 01/31/08) Earnings Call Transcript
Question-and-Answer SessionOperator Thank you, Mr. Franklin. Operator Instructions Now we'll take our first question from Bob Labick with CJS Securities. Bob Labick - CJS Securities Good morning. Thanks for taking my question. Jay Adair Hi, Bob. Will Franklin Good morning, Bob. Bob Labick - CJS Securities Hi Jay, good...
Copart Announces Universal Salvage Shareholder Approval of Pending Transaction
FAIRFIELD, Calif. -- Copart, Inc. (Nasdaq:CPRT) today announced that at an Extraordinary General Meeting and a related Court Meeting each held on May 21, 2007 the shareholders of Universal Salvage plc ("Universal Salvage") voted to approve the scheme of arrangement to implement a recommended cash offer by Copart UK Limited,...
Offer by Copart, Inc for Universal Salvage Plc
FAIRFIELD, Calif. -- Copart, Inc. (Nasdaq:CPRT) today announced that it has reached agreement with the board of Universal Salvage Plc, which is listed on the London Stock Exchange under the symbol UVS, with respect to a recommended cash offer (the "Offer") by a wholly-owned Copart subsidiary organized under the laws...
Copart Announces Pursuit of IRS Ruling for Planned Tax-free Spin-off
BENICIA, Calif.--BUSINESS WIRE--Dec. 17, 1999-- Copart, Inc. (Nasdaq:CPRT), today announced that its Board of Directors has approved the creation of a subsidiary to operate and expand Copart's Internet businesses which provide quotes of salvage vehicle values Copart ProQuote and locate used automobile parts CoPartfinder. Copart has initiated the process...
E-Salvage: The Internet Revs Up Vehicle Auctions.
When-one mentions the word salvage, several things may come to mind: wrecked cars, rusted machinery, algae-covered boats, quick cash, risky bids at sandlot auctions. Rarely does one use the terms high-tech or "e-commerce" with an industry known for extracting treasure from trash. Not anymore. ...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Willis J. Johnson | CEO |
| A. Jayson Adair | President |
| David L. Bauer | Chief Information Officer |
| William E. Franklin | Chief Financial Officer |
| Vincent W. Mitz | Executive Vice President |
| Paul A. Styer | General Counsel, Secretary & Senior Vice President |
| Robert H. Vannuccini | Senior Vice President, Marketing |
| Thomas E. Wylie | Senior Vice President & HR |
| Simon E. Rote | Vice President & Finance |
| Angel Hennick | General Manager |
| Lorenzo Rendon | General Manager |
| Patricia Hobbs | General Manager |
| Luis Barthel | Reg Manager |
| James Grosfeld | Director |
| Thomas W. Smith | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Barry S. Rosenstein | Board of Directors |
| Daniel Englander | Board of Directors |
| James E. Meeks | Board of Directors |
| Matt Blunt | Board of Directors |
| Steven D. Cohan | Board Director |
| Organization | Position | Status |
|---|---|---|
| Copart, Inc. | CEO | Current |
| Copart, Inc. | Board Chairman | Current |
| Copart, Inc. | President | Former |
| Copart, Inc. | Board Director | Former |
| Organization | Position | Status |
|---|---|---|
| Copart, Inc. | President | Current |
| Copart, Inc. | Board of Directors | Current |
| Copart, Inc. | Vice President of Sales and Operations | Former |
| Copart, Inc. | Manager of Operations | Former |
| Organization | Position | Status |
|---|---|---|
| Copart, Inc. | Chief Information Officer | Current |
| Copart, Inc. | Senior Vice President of Information Technology | Current |
| University of California, Davis | MBA | Former |
| University of California, San Diego | BA | Former |
| Organization | Position | Status |
|---|---|---|
| Copart, Inc. | Chief Financial Officer | Current |
| Copart, Inc. | Senior Vice President | Former |
| University of Southern California | MBA | Former |
| Organization | Position | Status |
|---|---|---|
| Copart, Inc. | Executive Vice President | Current |
| Copart, Inc. | Senior Vice President, Marketing | Former |
| Organization | Position | Status |
|---|---|---|
| Copart, Inc. | General Counsel, Secretary & Senior Vice President | Current |
| Copart, Inc. | General Counsel | Former |
| Copart, Inc. | Secretary | Former |
| University of the Pacific | Jd | Former |
| University of California, Davis | Bachelors Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Copart, Inc. | Senior Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Copart, Inc. | Senior Vice President & HR | Current |
| Kaiser Permanente | Vice President, Human Resources, Systems and Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Copart, Inc. | Vice President & Finance | Current |
| Copart, Inc. | Assistant Controller | Former |
| St. Mary's College | B.S | Former |
| Organization | Position | Status |
|---|---|---|
| Copart, Inc. | General Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Copart, Inc. | General Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Copart, Inc. | General Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Copart, Inc. | Reg Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Copart, Inc. | Board of Directors | Current |
Daniel Englander is the founder and currently the Managing Partner of Ursula Investors, an investment partnership founded in 2004. Prior to that, Mr. Englander served as a Managing Director of Allen & Company. Mr. Englander has over 15 years of Wall Street experience and is a graduate of Yale University. Mr. Englander is currently on the Board of Directors of Copart, Inc. He is a member of both the Compensation Committee and the Nominating Committee of Car-Mart's Board of Directors.
| Organization | Position | Status |
|---|---|---|
| America's Car-Mart, Inc. | Board of Directors | Current |
| Copart, Inc. | Board of Directors | Current |
| Prescott Securities Ltd | Partner | Former |
| Organization | Position | Status |
|---|---|---|
| Copart, Inc. | Board of Directors | Current |
| Copart, Inc. | COO & Executive Vice President | Former |
| Copart, Inc. | Advisor | Former |
James Grosfeld, Director since 1999, a private investor, was formerly Chairman of the Board and Chief Executive Officer of Pulte Homes, Inc., a home builder and mortgage banking and financing company from 1974 to 1990.
| Organization | Position | Status |
|---|---|---|
| Blackrock, Inc. | Board of Directors | Current |
| Anthracite Capital, Inc. | Director | Current |
| Lexington Corporate Properties Trust | Board of Directors | Current |
| Ramco-Gershenson Properties Trust | Director | Current |
| Copart, Inc. | Director | Current |
| Newkirk Realty Trust, Inc. | Board of Directors | Current |
| Pulte Homes, Inc. | Chief Executive Officer | Former |
| Pulte Home Corporation | Chief Executive Officer | Former |
| Pulte Homes, Inc. | Chairman of the Board | Former |
| Pulte Home Corporation | Chairman | Former |
| Interstate Bakeries Corporation | Director | Former |
| Amherst College | B.A. | Former |
| Columbia University Law School | L.L.B. | Former |
| Organization | Position | Status |
|---|---|---|
| Copart, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Copart, Inc. | Board Director | Current |
Mr. Smith is the largest outside shareholder of the Company and is the managing partner of Prescott Investors, Inc, a private investment firm he founded in 1973. He currently serves as a director of Copart, Inc.
| Organization | Position | Status |
|---|---|---|
| Copart, Inc. | Director | Current |
| Pre-Paid Legal Services, Inc. | Board of Directors | Current |
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