What happens to cars totaled in wrecks or natural disasters or stolen cars recovered after the insurance settlement? Copart takes those vehicles and auctions them for insurers as well as auto dealers, fleet operations, charities, and banks. The buyers are mostly rebuilders, licensed dismantlers, and used-car dealers and exporters. The company has replaced live auctions with Internet auctions using a platform known as Virtual Bidding Third Generation (VB3 for short). It also provides services such as towing and storage to buyers and other salvage companies. Copart serves customers throughout North America, Europe, the Middle East, and Brazil, although the US accounts for about 85% of sales.
See detailed business credit reports on other businesses or your own.
See detailed profiles for insights and prospects on this company's top competitors.
Essential information for a successful call
EMPLOYEES (This Site)
EMPLOYEES (All Sites)
- ASSETS (MIL USD) 2,548
REVENUE (MIL USD)
- TICKER SYMBOL CPRT
- Incorporated 1982
- FISCAL YEAR END JUL
- SALES GROWTH % 13.08%
- NET INCOME GROWTH 41.6%
Get in Touch with 615 Contacts and 5 Principals*
A Jayson AdairChief Executive Officer
WILLIS J JOHNSONExecutive Chairman of the Board
VINCENT W MITZPresident