British Car Auctions (BCA) has reported an increase in the average values of light commercial vehicles (LCVs) in September 2025, marking the highest monthly average since March 2024. The average selling price was recorded at £8,460 ($11,338), indicating a month-on-month increase of 7.2% and a year-on-year (YoY) rise of 13.6%. BCA witnessed a surge in buyer engagement with 2,600 unique buyers in September, leading to a 3% rise in performance against guide price expectations, the highest for the year. The ...

BICESTER, United Kingdom, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, a Hagerty company (NYSE: HGTY), is proud to present its exceptional catalogue of collector cars for the inaugural Zoute Concours Auction. The catalogue features over 75 highly desirable models from across motoring history, alongside a selection of sought-after memorabilia items, with latest entries led by supercars from The Aleggria Collection. This prestigious ensemble of automobiles is offered from a single private owner wh ...

British Car Auctions (BCA) said it has finished a major investment project at its facility in Livingston, Scotland, to enhance efficiency, safety measures, and the overall customer experience. The improvements made at the Livingston site are aimed at streamlining processes, which have resulted in shorter processing times and increased capacity. They have also elevated safety standards for employees and site visitors, said the BCA. These advancements are part of BCA's ongoing development within its Scott ...

Core Insights - The Lamborghini Pregunta is recognized as the last concept car built on a pure Lamborghini platform before Audi's ownership, set to be auctioned on October 10, 2025 [1][4][11] Auction Details - The auction will take place at Approach Golf in Knokke-Heist during the Zoute Grand Prix Car Week, featuring over 75 collectible cars [2] - The estimated value of the Pregunta is between €2,500,000 and €3,500,000 [4] Concept Car Significance - Concept cars like the Pregunta are unique and often serve as showcases of design and engineering, making them highly collectible [3] - The Pregunta debuted at the 1998 Paris Motor Show and is considered a radical concept car that reflects Lamborghini's innovative spirit [4][5] Design and Features - The design of the Pregunta was inspired by the Dassault Rafale fighter jet, featuring carbon fiber bodywork and fighter jet-like elements such as vast air intakes and scissor doors [5][6] - The interior includes aviation-style seats, glass screens, and a Formula One-derived digital instrument cluster [7] Performance Specifications - The Pregunta is powered by a 5.7-litre V12 engine producing 537 PS and 605 Nm of torque, capable of accelerating from 0 to 100 km/h in 3.9 seconds and reaching a top speed of 337 km/h [8] Historical Context - The Pregunta was a product of Lamborghini's collaboration with French coachbuilder Carrosserie Heuliez and was commissioned during Lamborghini's ownership by Chrysler [4][9] - After its debut, the Pregunta was displayed at various events and was sold to a private collector in 2008, later receiving a Lamborghini Polo Storico certificate in 2014 [9]

Core Viewpoint - Copart's stock has declined despite better-than-expected earnings, indicating potential investor disappointment with sales figures [1][4]. Financial Performance - Analysts had forecasted Copart to earn $0.36 per share on $1.14 billion in sales, but the company reported earnings of $0.41 per share with sales of $1.13 billion [2]. - For the fiscal fourth quarter, Copart achieved a 5% year-over-year sales growth and a 24% increase in profits [4]. - Total sales growth for the full year approached 10%, but the Q4 growth rate slowed to half of that [5]. - Full-year earnings were reported at $1.59 per share, reflecting a 14% growth compared to fiscal 2024 [5]. Valuation and Investment Outlook - Copart's stock is currently priced at 33 times earnings, which is considered high given the annual growth rate of 14% [6]. - The company's free cash flow stands at $1.2 billion, approximately 20% less than reported earnings, leading to a valuation closer to a 40x multiple based on free cash flow [6][7]. - Analysts predict a long-term growth rate closer to 13%, suggesting that the current stock price may be too high [7].

Core Insights - Broad Arrow Auctions achieved a total sales figure of $57.4 million during its 2025 Monterey Jet Center auction, with 80% of all lots sold, marking a significant increase in bidder registration by over 20% compared to 2024 [1][3][4] Auction Highlights - The auction set at least eight new record prices, led by the sale of a 2005 Maserati MC12 Stradale for $5,202,500, surpassing the previous record of $3,800,000 for the model [2][4][7] - Other notable sales included a 2008 Koenigsegg CCXR at $3,222,500, a 1980 BMW M1 Procar at $1,600,000, and a 2009 Mercedes-Benz SLR McLaren Prototype "Stealth" at $1,022,500, all setting new records for their respective models [7][9] Market Trends - The auction results reflect a strong demand for modern collectibles, indicating a generational shift in the collector car market, with a notable interest in Japanese collector cars, including a 1999 Nissan Skyline CRS GT-R V-Spec sold for $692,500 [3][4][9] - The top 10 sales at the auction included iconic models such as a 1967 Ferrari 275 GTB/4 at $2,562,500 and a 1955 Mercedes-Benz 300 SL Gullwing Coupe at $1,902,500, demonstrating robust interest in both modern and classic vehicles [9][10] Future Events - Broad Arrow Auctions plans to expand its auction schedule with three new events in 2025, including the inaugural Zoute Concours Auction in Belgium and the debut Las Vegas Auction, indicating a strategic growth in its global footprint [15][18]

Core Viewpoint - Broad Arrow Auctions, a Hagerty company, is set to feature a rare 1956 Jaguar D-Type at its inaugural Zürich Auction on November 1, 2025, which is expected to attract significant interest from collectors due to its pristine condition and unique history [1][3][8]. Auction Details - The auction will take place at the Dolder Grand hotel in Zürich, in partnership with Auto Zürich [3]. - The Jaguar D-Type, chassis XKD 551, is one of only 71 produced and has never been used in competitive motorsport, enhancing its desirability among collectors [2][8]. Vehicle History - Chassis XKD 551 was sold to its first owner in October 1957 and was converted to semi-XKSS specification, later returning to its original configuration in the 1970s [4][5]. - The car has been meticulously cared for by its current Swiss owner since 1994, with significant investments made in its preservation, including a rebuild of the original engine [5][6]. Collectibility and Value - The Jaguar D-Type is accompanied by various historical documents, including FIA Historical Identity Form and FIVA Identity Card, making it eligible for prestigious historic racing events [6]. - The estimated auction price for the D-Type is between CHF 5,250,000 and CHF 6,250,000 [8]. Company Background - Broad Arrow Auctions is a leading global collector car auction house, founded in 2021, and has rapidly expanded its presence in the auction market [9]. - The company has launched several auctions in Europe and is known for its high-quality offerings to collectors and enthusiasts [9].

Financial Data and Key Metrics Changes - Q2 revenue was $194 million, representing a 21% year-over-year growth, and the company sold 210,000 vehicles, which is a 13% increase year-over-year despite market deceleration [6][19][20] - Adjusted EBITDA was $19 million, at the midpoint of guidance, with a margin improvement of 520 basis points year-over-year [20][25] - Non-GAAP net income was also at the midpoint of guidance, with a margin increase of 430 basis points year-over-year [20] Business Line Data and Key Metrics Changes - Auction and assurance revenue accounted for 57% of total revenue, growing 20% year-over-year, driven by 13% unit growth and an average revenue per unit (ARPU) of $523, which increased by 6% [20] - Marketplace services revenue made up 39% of total revenue, growing 25% year-over-year, reflecting record revenue for ACV Transport and ACV Capital [20] - SaaS and data services products comprised 4% of total revenue, with revenue approximately flat year-over-year [21] Market Data and Key Metrics Changes - The company observed a 300 basis point increase in trade retention rates year-over-year, indicating dealers are keeping more vehicles for retail purposes [90] - Conversion rates decreased during the quarter but showed improvement in July, aligning with normal seasonal patterns [24][38] Company Strategy and Development Direction - The company focuses on three pillars for long-term shareholder value: growth, innovation, and scale, leveraging AI across its suite of solutions to enhance dealer experiences [5][7] - The company is expanding its total addressable market (TAM) and competitive moat through innovative product offerings and partnerships, including a new commercial platform [17][28] - The company is committed to maintaining adjusted EBITDA guidance while investing in long-term growth objectives, expecting a revenue growth of at least 20% year-over-year [5][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in executing a profitable growth strategy despite challenging market conditions, with expectations for strong top-line growth [4][6] - The company trimmed its 2025 revenue guidance by $5 million to reflect ongoing macroeconomic challenges, now expecting revenue in the range of $765 million to $775 million [25][106] - Management noted that while the market may be flat to slightly down, they anticipate returning to mid-teens market share gains in the future [64][90] Other Important Information - The company is excited about the upcoming launch of its first greenfield location in Houston, Texas, which will enhance its commercial platform capabilities [17][120] - The company is actively working on integrating new technology and data products to improve pricing accuracy and auction liquidity [42][46] Q&A Session Summary Question: Clarification on unit growth headwind - Management clarified that the 500 basis point unit growth headwind was due to lower conversion rates than anticipated, while dealers are retaining more vehicles [31][34][36] Question: Competitive dynamics in the marketplace - Management indicated that the slight dip in conversion rates was consistent across the industry, with improvements noted at the start of the current quarter [38][39] Question: Progress on pricing engine and auction liquidity - Management reported significant progress in their pricing engine, achieving a close estimate of vehicle sale prices, which enhances auction liquidity [42][45] Question: Amazon partnership and geographic expansion of AI tools - Management stated that while they are investing in partnerships and new capabilities, they do not expect material contributions from these initiatives in the current year [52][56] Question: Drivers of deceleration relative to the broader industry - Management emphasized that while growth has slowed, they remain confident in their ability to gain market share and expect a return to mid-teens growth [62][64] Question: Update on ClearCar and market success - Management highlighted strong performance from ClearCar, particularly in supply-constrained markets, and noted plans to integrate new features with their offerings [96][101]

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 Insights - Broad Arrow Auctions, a subsidiary of Hagerty, successfully held its first European auction at the Concorso d'Eleganza Villa d'Este, achieving total sales of €31,172,625 with 78% of lots sold [2][3][11] Auction Highlights - The standout sale was a 1948 Ferrari 166 Spyder Corsa, which set a new auction record by selling for €7,543,750 [4][11] - Other notable sales included a 1989 Ferrari F40 Competizione for €2,312,500 and a 2003 Honda NSX-R for €934,375, which also set a world auction record [6][12] - The auction featured a dedicated BMW-only sale, with a 1980 BMW M1 selling for €602,500 [8][11] Sales Performance - The auction took place over two days, May 24 and 25, with over 8,000 viewers watching live on YouTube [3][11] - The auction included over 70 vehicles, showcasing a mix of classic and modern cars, attracting bidders from various countries [6][12] Future Plans - Broad Arrow Auctions plans to expand its European sale calendar throughout 2025, following the success of this inaugural event [9][12]