Copart, Inc.

Copart, Inc. was founded in 1982 and is headquartered in Dallas, Texas. The company provides online auctions and vehicle remarketing services in 11 countries, including the United States, Canada, the United Kingdom, Brazil, the Republic of Ireland, Germany, Finland, the United Arab Emirates, Oman, Bahrain, and Spain. It offers a range of services, including online seller access, salvage estimation, estimating, end-of-life vehicle processing, virtual insured exchange, transportation, vehicle inspection stations, on-demand reporting, title processing and procurement, loan payoff, flexible vehicle processing programs, buy it now, and dealer services. Its services also include services to sell vehicles through CashForCars.com, U-Pull-It service, Copart 360, membership tiers, and virtual queue.

The primary buyers of Copart’s products are licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters, as well as to the public. Copart has grown to become the leader in online vehicle auctions, with more than 125 locations in 11 countries. It is the fastest-growing online auto-auction business in the world, having facilitated over 8.4 million transactions in 2020. Through its virtual auctions, Copart enables sellers to obtain the best price for their vehicles, often in a fraction of the time required for physical auctions. Moreover, Copart has a stringent inventory, quality assurance, and customer service processes in place to ensure that buyers receive the best possible vehicle purchase experience.