Copart

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Copart, Inc.
Type Public
Traded as NASDQ: CPRT (http://www.nasdaq.com/symbol/cprt)
Industry Automotive
Founded Vallejo, California (1982) ((1982))
Founder(s) Willis J. Johnson
Headquarters Dallas, Texas, U.S.
Key people Willis J. Johnson (Chairman)
A. Jayson Adair (CEO)
Vincent W. Mitz (President)
Revenue Increase US$924,191 (2012)[1] Dollar figures in 000s
Operating income Increase US$286,353 (2012)[1]
Net income Increase US$182,119 (2012)[1]
Total assets Increase US$1,155,066 (2012)[1]
Total equity Increase US$561,117 (2012)[1]
Employees 2981 (2012)[1]
Website www.copart.com (http://www.copart.com)

Copart, Inc., headquartered in Dallas, Texas, is a provider of online vehicle auction and remarketing services in the United States (U.S.), Canada, and the United Kingdom (U.K.)[2][3] and has acquired or opened operations in Germany,[4] Brazil,[5] Spain [6] and the United Arab Emirates.[7]

Copart provides vehicle sellers with a range of services to process and sell salvage and clean title vehicles over the Internet using its patented virtual auction technology.[8]

Copart's buyers are principally used vehicle dealers, dismantlers, rebuilders, exporters and, at some facilities, the general public. Vehicle sellers at Copart auctions consist primarily of insurance companies but also include banks and financial institutions, charities, vehicle dealers, fleet operators, government agencies and rental car companies.[9][10]

The majority of vehicles Copart sells on behalf of insurance companies are either damaged vehicles deemed a total loss or not economically repairable by the insurance companies or are recovered stolen vehicles for which an insurance settlement with the owner has already been made.[3][8]

Copart, through its Copart Direct division, also purchases vehicles directly from the general public for resale.

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Copart Annual Report, Form 10-K Filing Date October 1, 2012" (http://www.secdatabase.com/843/0001145443-12-001120.pdf). U.S. Securities and Exchange Commission. Retrieved January 15, 2013.
  2. ↑ "Copart Annual Report, Form 10-K Filing Date September 29, 2008" (http://pdf.secdatabase.com/1876/0001047469-08-010447.pdf). U.S. Securities and Exchange Commission. Retrieved February 1, 2013.
  3. ↑ 3.0 3.1 "Grant, Tina, ed. (1998). International Dictionary of Company Histories. Copart Inc. 23. Detroit. St. James Press. pp. 147-149. ISBN 1-55862-364-7.
  4. ↑ 34."Copart Expands Operations into Germany" (http://www.businesswire.com/news/home/20121112005403/en/Copart-Expands-Operations-Germany). Business Wire. Posted November 12, 2012. Retrieved February 21, 2013.
  5. ↑ "Copart Expands Operations Into Brazil" (http://www.businesswire.com/news/home/20121105005910/en/Copart-Expands-Operations-Brazil). Business Wire. Posted November 5, 2012. Retrieved February 21, 2013.
  6. ↑ "Copart Expands Operations into Spain" (http://www.businesswire.com/news/home/20130611006322/en/Copart-Expands-Operations-Spain). Business Wire. Posted June 11, 2013. Retrieved October 10, 2013.
  7. ↑ “Copart Inc Announces Acquisition Of Ride Safely Middle East Auction, LLC” (http://www.reuters.com/finance/stocks/CPRT.O/key-developments/article/2598192). Reuters.com. Posted August 28, 2012. Retrieved January 31, 2013.
  8. ↑ 8.0 8.1 "Copart Annual Report, Form 10-K Filing Date October 28, 1996" (http://pdf.secdatabase.com/1234/0000912057-96-023870.pdf). U.S. Securities and Exchange Commission. Retrieved February 1, 2013.
  9. ↑ "Copart Annual Report, Form 10-K Filing Date October 31, 2006" (http://pdf.secdatabase.com/752/0001104659-06-069980.pdf). U.S. Securities and Exchange Commission. Retrieved February 1, 2013.
  10. ↑ “Business Summary” (http://finance.yahoo.com/q/pr?s=CPRT). Retrieved January 25, 2013.
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