About Copart, Inc. (CPRT)

Company Description:

Copart, Inc. offers a variety of online services and technologies for the automotive industry, specializing in the remarketing of vehicles through its virtual bidding internet auction-style sales technology. It provides vehicle sellers with a full range of services to process and sell vehicles over the internet through its Virtual Bidding Third Generation (VB3) technology.

Founded by Willis J. Johnson in 1982, Copart started as a single salvage yard in California. Today, it is headquartered in Dallas, Texas, United States, and operates in multiple countries, providing global service to its customers.

Main Product(s):

Copart's primary service is providing online vehicle auction and remarketing services to automotive resellers, including insurance companies, banks, fleet operators, dealers, and vehicle rental companies.

Short History of Copart, Inc.:

• 1982 – Copart was founded by Willis J. Johnson in Vallejo, California.
• 1994 – The company went public and began trading on the NASDAQ.
• 2003 – Launched its VB2 online auction technology.
• 2010 – Expansion into the international market with operations in the UK and Canada.
• 2016 – Continued global expansion with acquisitions in Germany and Spain.