Grosse Pointe, Michigan, July 24, 2025 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is delighted to announce final entries for its flagship Monterey Jet Center Auction on August 13-14, led by a landmark 2005 Maserati MC12 Stradale, chassis number 12095. One of just 50 MC12 Stradale road cars built to homologate Maserati’s dominant FIA GT1 racer, the car on offer shows just over 11,500 kilometers (Estimate: $4,800,000 - $5,500,000). “The MC12 is the pinnacle of the Maserati brand ...

Please stand by. Good day, everyone, and welcome to the Copart Incorporated third quarter fiscal 2025 earnings call. Just a reminder, today's conference is being recorded. Before turning the call over to management, I will share Copart's safe harbor statement. The company's comments today include forward-looking statements within the meaning of federal security flaws including management's current views with respect to trends, opportunities, and uncertainties in the company's markets. These forward-looking ...

Core Insights - Copart, Inc. (NASDAQ: CPRT) is recognized as a strong compounder with a competitive advantage derived from strategic yard acquisitions and investments in online auction technology [1] - The company has pioneered online auctions for junked cars, establishing significant network effects through an active and international platform [1] Company Strategy - The strategic focus on yard acquisitions has allowed Copart to enhance its operational capabilities and market presence [1] - Investments in online auction technology have positioned the company as a leader in the junked car auction space, facilitating a robust online marketplace [1] Market Position - Copart has built impressive network effects, which contribute to its competitive moat and long-term growth potential [1] - The company's innovative approach in the auction process has attracted a diverse customer base, further solidifying its market position [1]

Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is set to host The Las Vegas Auction on October 31, 2025, featuring approximately 70 collector cars, marking a significant event in the luxury auction calendar [1][2] - The auction is part of a broader partnership with Concours at Wynn Las Vegas, which will showcase over 250 unique automobiles from October 31 to November 2, 2025 [1][2] - This event is part of Broad Arrow's strategic expansion, with additional auctions planned in Belgium and Switzerland, highlighting the company's growth in both North America and Europe [2][3] Company Overview - Broad Arrow Auctions was founded in 2021 and has quickly established itself as a leading global collector car auction house, known for high-quality vehicles [8] - The company has achieved notable success in North America, with flagship auctions such as the Monterey Jet Center Auction generating $71.5 million in 2024 and the Amelia Auction achieving $61.7 million in 2025, both with high sell-through rates [3] - Broad Arrow has expanded its global footprint, recently launching its first European auction in partnership with BMW AG, achieving €31.2 million in total sales [3][8] Event Details - The Las Vegas Auction will be one of three live auctions conducted by Broad Arrow in October and November, emphasizing the company's commitment to expanding its auction presence [2][3] - The event is expected to attract significant client interest due to Las Vegas's reputation as a luxury destination and its proximity to collector car communities [2] - Initial consignments for the auction will be announced soon, inviting collectors to participate in this high-profile event [4]

| STRATEGY AGENDA | STRATEGY | GEORGE CHAMOUN | | | --- | --- | --- | --- | | | GROWTH | MIKE WATERMAN | | | | INNOVATION | VIKAS MEHTA | GREG BOROWSKI | | | | JOHN COLES | PHIL SCHNEIDER | | | BREAK | 15 MINS | | | | SCALE | BILL ZERELLA | | | | Q&A | GEORGE CHAMOUN | | | | | BILL ZERELLA | | MARCH 11, 2025 © 2025 ACV Auctions, Inc. STRATEGY FORWARD LOOKING STATEMENTS Statements in this presentation regarding future performance and future expectations, beliefs, goals, plans or prospects include forward loo ...

Financial Performance - ACV achieved a 95% year-over-year revenue growth[10], reaching $208 million in revenue[10] - Marketplace units increased to 391,000+[10], compared to 128,000+ in Q1 2020[10] - Gross Merchandise Volume (GMV) exceeded $3 billion[10], a significant increase from $1.3 billion in Q1 2020[10] - Adjusted EBITDA margin improved from -58% in Q1 2020 to -18% in Q1 2021[55] Market Opportunity and Growth Strategy - ACV operates in a large addressable market, estimated at ~$1.7 trillion annually in the US vehicle market[17] - The company is pursuing a long-term strategy focused on marketplace growth, product expansion, and operating scale[10] - ACV sees significant opportunities in commercial wholesale, dealer wholesale, and dealer-to-consumer transactions[21] - The company is focused on expanding its data services offerings to dealers and commercial partners[21] Future Outlook - ACV anticipates Q2 2021 revenue between $72 million and $75 million, representing a 60% to 67% year-over-year growth[74] - Full-year 2021 revenue is projected to be between $307 million and $313 million, a 47% to 50% increase year-over-year[74] - The company expects an Adjusted EBITDA loss between $20 million and $22 million for Q2 2021, and between $79 million and $82 million for the full year[74]

Core Insights - Motorlux will return on August 13, 2025, to kick off Monterey Car Week, blending car culture, luxury aviation, and elevated hospitality [1] - The event will feature three Michelin-starred chefs and tastings from over 40 acclaimed regional wines, enhancing the culinary experience [1] Event Highlights - The opening night will include a fashion-show-inspired event at the Broad Arrow Monterey Jet Center Auction, providing early access to a premier collector car sale [2] - Motorlux will showcase immersive automotive exhibits with curated food and drink pairings [2] - The auction will feature approximately 150 collector cars, with highlights including a 1962 Shelby 260 Cobra estimated at $1.5M to $2.0M and a 1991 Ferrari F40 estimated at $3.4M to $3.7M [3] Charitable Contributions - Motorlux supports the CHP 11-99 Foundation, aiding California Highway Patrol families in crisis, and benefits the Navy Postgraduate School Foundation [4] Company Background - Motorlux is organized by Hagerty, an automotive enthusiast brand focused on preserving car culture and providing specialty vehicle insurance, car valuation data, and auction services [5][6] - Hagerty operates in the U.S., Canada, and the U.K., serving a community of nearly 890,000 car enthusiasts [6][8] Special Exhibitions - The event will feature displays celebrating Porsche, Ford Mustang's 60th anniversary, a showcase of cars capable of reaching 200 mph, and a tribute to Mercedes-Benz designer Bruno Sacco [7]

Core Viewpoint - OPENLANE (KAR) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which have a strong correlation with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling actions that affect stock prices [4]. OPENLANE's Earnings Outlook - For the fiscal year ending December 2025, OPENLANE is expected to earn $0.98 per share, which remains unchanged from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for OPENLANE has increased by 0.3%, reflecting a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - OPENLANE's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].

Core Insights - Car Daddy is hosting a No Reserve Car Auction in early July featuring a 1995 Ford Mustang GT owned by the company's founder, John Beebe, which is expected to attract significant interest from collectors [1][4][8] Company Overview - Car Daddy has established itself as a reliable online platform for buying and selling used and classic cars, emphasizing transparency and trust in the automotive marketplace [3][5][9] - The company developed its own auction software to address gaps in existing platforms, focusing on user control, transparency, and reduced fees [6][7] Auction Details - The auction will feature a 1995 Ford Mustang GT with only 51,285 original miles, a 5.0L V8 engine, and various performance upgrades, all in excellent condition [2][4] - The no-reserve format of the auction is designed to enhance buyer confidence and attract serious bidders, particularly given the car's documented quality and ownership history [4][8] Market Trends - The auction reflects a growing trend in digital automotive marketplaces where seller credibility and collector appeal are increasingly important [5][9] - There is a notable shift towards direct-to-user platforms that prioritize trust and ease of use, catering to the demands of both buyers and sellers in the collector car market [7][9]

Copart (NASDAQ: CPRT ) was founded in 1982 as a small salvage yard and has grown from strength to strength, becoming the largest operator of online salvage vehicle auctions in the US, with a market capitalisationAs a self-taught retail investor, I’m interested to share insights through thoughtful, research-driven articles. I’m glad you’ve taken the time to visit my profile, and I hope my content provides value and sparks new ideas for your investment strategy.If you're considering a Premium or Alpha Picks s ...