More than two years have passed since Copart acquired Salvage Parent, which had conducted business primarily as Quad City Salvage Auction, Crashed Toys and Desert View Auto Auction.

During last week’s conference call with the investment community, Copart chief financial officer Will Franklin indicated the company has “cycled completely through the integration pain of the QCSA acquisition.”

That process stemmed from the acquisition that gave Copart management the task of how to leverage the human capital, business practices and more at 39 locations in 14 states in the best way possible.

“More importantly is we are starting to see again the efficiencies that are endemic in our model,” Franklin told Wall Street observers after Copart wrapped up its most recent fiscal year. “We’re starting to see the benefit of what we call fixed cost absorption in our processing cost.

“Sean Eldridge, our chief operating officer and his team have worked extremely diligently to carve out any waste in our system and he has been very successful in last year in doing so,” Franklin continued.

“Going forward, I wouldn't expect to see a meaningful change. I think that we'll control the cost, but I wouldn't expect to see significant reductions going forward,” he went on to say.

Another component of Copart’s business that took root back in 2013 and now is producing fruit is the company’s mobile technology. Chief executive officer Jay Adair said that Copart first launched its iPhone app two years ago and one for Android devices earlier this year.

He said Copart received more than $8.8 billion worth of bids and sold 12.5 percent of its vehicles through mobile devices during the past fiscal year.

“It has become a very strong part of our platform,” Adair said. “I think back to the days of having to physically sell through auctions and putting those auctions online how it allowed buyers to eliminate travel and weather and all the other friction points.

“Now you don’t even have to be in your office,” he continued. “You can literally be bidding on vehicles from the local Starbucks and we are seeing that now as 12.5 percent of our bids are coming in through mobile devices.”