Copart enters into new strategic investment and collaboration with Purple Wave.
Auto Business News-October 11, 2023--Copart enters into new strategic investment and collaboration with Purple Wave
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Auto Business News - 11 October 2023
Copart, Inc. (NASDAQ: CPRT) a US-based company that deals with online auto auctions, has entered a new strategic investment and collaboration with US-based Purple Wave, Inc.
Purple Wave was founded in 2000 and is involved in the online equipment auction industry, facilitating the sale of construction, agriculture and fleet equipment directly from a seller's location via its no-reserve auction platform on purplewave.com.
Jeff Liaw, Copart co-CEO, said, 'We have long admired Purple Wave as a leader in its space. Their digital-first approach and strong community of sellers and buyers distinguishes them in their industry...
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