Company description

Copart, Inc., with ticker symbol CPRT, is a leading global provider of online vehicle auction and remarketing services. The company was founded in 1982 and is headquartered in Dallas, Texas. Copart has over 200 locations across the United States, Canada, United Kingdom, Brazil, Germany, and the United Arab Emirates, making it one of the largest online vehicle remarketers in the world. The company's business model is based on buying wrecked or salvaged vehicles from insurance companies, dealers, and private sellers, and then reselling them through online auctions to rebuilders, dismantlers, exporters, and end consumers. Copart's online platform allows buyers from around the world to bid on a wide range of vehicles, including cars, motorcycles, SUVs, and heavy-duty trucks. In addition, the company offers a range of value-added services, such as vehicle transportation, storage, and finance, making the buying and selling process more convenient for its customers. Copart has a strong financial track record, with consistent revenue and earnings growth. The company's success can be attributed to its efficient and innovative business model, as well as its focus on customer satisfaction. With its extensive global network and commitment to sustainability through its green initiatives, Copart is well-positioned to continue its growth trajectory in the future.