Driver

Copart runs a global online vehicle auction platform that connects insurers and other sellers with buyers such as dealers and rental fleets. Its main product is a proprietary online auction system, complemented by a network of facilities and logistics that move and process vehicles, with fees charged on each transaction. It differentiates itself through its expansive network of yards and a large pool of qualified buyers, which enables high-volume, efficient remarketing of salvage and damaged vehicles. Its goal is to maximize sale prices and speed for its clients while expanding its share in the global salvage market and supporting related services like parts recycling and asset disposal.

Company size

1,001-5,000

Company stage

IPO

Headquarters

Dallas, TX

Founded

1982