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Genuine Recalls Scooters for Stalling
Genuine Scooters LLC is recalling certain model year 2014 Stella 125 Automatic scooters manufactured...

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Women More Willing to Negotiate
Women are now warming up to the negotiation process.

According to a survey conducted by ...

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Dealership Buy-Sell Activity Nears $1 Billion
Buy-sell activity for auto dealerships this year may come close to levels not seen in a decade, acco...

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Used Car Sales Continue to Climb
Used-car sales rose again in August.

True Car Inc. estimates total used car sales, includ...

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Genuine Recalls Scooters for Stalling
Women More Willing to Negotiate
Dealership Buy-Sell Activity Nears $1 Billion
Used Car Sales Continue to Climb

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Copart Reports Increase in Revenue, Net Income

copartCopart, Inc. recently reported results for the quarter ended April 30, the third quarter of its fiscal year.

For the three months ended April 30, revenue, operating income and net income were $244.1 million, $87.9 million and $55.5 million, respectively. These represent increases in revenue of $7.4 million, or 3.1 percent; in operating income of $5.9 million, or 7.2 percent; and in net income of $5.3 million, or 10.6 percent, respectively, from the same quarter last year. Fully diluted earnings per share for the three months were $0.43 compared to $0.35 last year, an increase of 22.9 percent.

For the nine months ended April 30, revenue, operating income and net income were $697.6 million, $216.9 million and $137.2 million, respectively. These represent increases in revenue of $40.8 million, or 6.2 percent; in operating income of $15 million, or 7.4 percent; and in net income of $11.4 million, or 9 percent, respectively, from the same period last year. Fully diluted earnings per share for the nine months ended April 30, were $1.04 compared to $0.79 last year, an increase of 31.6 percent.