CARSTAR: First-Half Results Show Record Pace
Aug. 31, 2015—CARSTAR Auto Body Repair Experts announced on Monday that it has finished the first half of 2015 with a revenue of $386.2 million, putting the company on track to outpace its record 2014 year.
CARSTAR said its year-to-date, same-store sales increased by 8.3 percent.
Last year, CARSTAR had a North American revenue of $712 million, up nearly 10 percent from $649 million in 2013.
“We continue to expand our network with strong, well-run shops and work to improve everyone’s efficiency and margins through programs focused on business management and operational improvements,” said David Byers, CEO of CARSTAR Auto Body Repair Experts. “We’ve seen increases in repair volumes from the top 25 insurance carriers, driven by CARSTAR’s EDGE Performance platform and continued KPI performance. We are seeing higher repair values as consumers continue to purchase new cars. And, while the second quarter tends to have lower weather-involved repairs due to spring conditions, we saw strong growth across the network.”