Copart, Inc. is a multinational provider of online vehicle auction and remarketing services to automotive resellers such as insurance, rental car, fleet, and finance companies. Copart operates in 11 countries: the US, Canada, the UK, Germany, Ireland, Brazil, Spain, UAE, Bahrain, Oman, and Finland. Headquartered in Dallas, Texas, Copart has more than 200 locations, where it houses more than 10,000 acres of vehicle inventory.
Copart sells used, wholesale and repairable vehicles in weekly and bi-weekly online auctions to buyers ranging from consumers to automotive businesses. Copart provides vehicle sellers with a range of services to process and sell repairable and clean title vehicles over the internet, using its patented virtual auction technology, named VB3, as well as others of its auction-related brands.
Copart is a public company traded on the NASDAQ under the ticker symbol CPRT and has been named to Fortune's 2020 Future 50 companies,[2] 100 Fastest-Growing Companies,[3] and the Fortune 500 list.[4]
History
Copart was founded in 1982 by