RALEIGH, N.C. -

Consolidated Asset Recovery Systems (CARS) — which will present the winner of this year’s Re3 Executive of the Year at Used Car Week — has been recognized for the third year in a row as one of the 5,000 fastest growing private companies, according to INC Magazine.

CARS’ listing among this group of companies indicated the operation has generated significant revenue growth, climbing from $7.6 million in 2010 to $15 million last year.

“Thank you to everyone who has been instrumental in our success, and a special thank you to our clients and vendors for their support,” CARS senior vice president Terry Groves said in a post on LinkedIn highlighting the company’s achievement.

Come November at Used Car Week, CARS president Steve Norwood will be presenting accolades for the recipient of the Re3 Executive of the Year. The winner will be announced during the Re3 Conference on Nov. 12 at the Red Rock Casino, Resort and Spa in Las Vegas.

The Re3 Conference, presented by Digital Recognition Network and Primeritus Financial Services, again is giving the industry the opportunity to dissect critical back-end functions that occur during the repossession, recovery and remarketing stages.

Registration information and the conference agenda can be found at www.usedcarweek.biz.