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About Copart
Industries
Automotive & Transportation
Consumer Software
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Dallas, Texas
Founded
1982
Overview
Copart operates an online platform for auto auctions, connecting buyers and sellers of vehicles globally. Their system allows users to browse a wide range of vehicles, from salvage to clean title cars, and set their own prices. The platform utilizes VB3 technology to facilitate these transactions, making it easy for users to participate in auctions from their computers or mobile devices. Unlike traditional auction houses, Copart's fully online model provides greater accessibility and convenience for users. The company's goal is to provide a seamless auction experience while honoring its commitment to employees, particularly veterans, through various support programs.
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Simplify's Take
What believers are saying
- Increased online vehicle auction adoption boosts Copart's growth potential.
- Supply chain disruptions in new car manufacturing expand Copart's inventory opportunities.
- AI integration in auctions enhances Copart's service offerings.
What critics are saying
- Emerging online auction platforms threaten Copart's market share.
- Electric vehicle adoption may reduce traditional vehicle auction volumes.
- Regulatory changes could increase Copart's operational costs.
What makes Copart unique
- Copart leverages AI to enhance auction platform efficiency and user experience.
- Copart's business model aligns with sustainability trends in automotive recycling.
- Copart capitalizes on the growing market for electric vehicle salvage and parts.
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Funding
Total Funding
$108M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Employee Stock Purchase Plan
Employee Assistance Program
Paid Vacation
Paid Sick Leave
Paid Holidays
Life Insurance
Discounts
Company News
Dynamic Technology Lab Private Ltd invests $1.05 million in Copart, Inc. (NASDAQ:CPRT).
Impact Capital Partners LLC invests $380,000 in Copart, Inc. (NASDAQ:CPRT).
May Barnhard Investments LLC invests $502,000 in Copart, Inc. (NASDAQ:CPRT).
Callan Family Office LLC makes new $357,000 Investment in Copart, Inc. (NASDAQ:CPRT).
OFI Invest Asset Management makes new $2.83 million investment in Copart, Inc. (NASDAQ:CPRT).
Copart is Hiring for 229 Jobs on Simplify!
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Content & Writing
1 Open Roles
Training
1 Open Roles
About Copart
Industries
Automotive & Transportation
Consumer Software
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Dallas, Texas
Founded
1982
Copart is Hiring for 229 Jobs on Simplify!
Find jobs on Simplify and start your career today
Content & Writing
1 Open Roles
Training
1 Open Roles