Copart, Inc. (NASDAQ: CPRT) is a leading global provider of online vehicle auction and remarketing services. Through its virtual bidding platform, the company enables members to bid for salvage and clean-title vehicles, trucks, motorcycles, boats and other industrial equipment. Copart’s customer base includes insurance companies, dealerships, fleet operators, rental car companies and individual buyers, all of whom leverage the company’s technology-driven marketplace to maximize returns on retired or damaged vehicles.
Originally founded in 1982 as Rogers Auto Auction by Willis J. Johnson in Vallejo, California, the company was rebranded as Copart in 1989 and embarked on a series of strategic expansions. Copart went public in 1994 and soon thereafter launched its first internet auction platform, setting the stage for industry-leading innovations in digital remarketing. Over the decades, the company has grown both organically and through targeted acquisitions of regional auction facilities, continually enhancing its operational footprint and service offerings.
Today, Copart operates more than 200 facilities across the United States, Canada, the United Kingdom, Germany, Brazil, Spain, India, the United Arab Emirates and several other markets. Its proprietary VB3 online auction platform integrates vehicle listing, virtual inspection tools and automated bidding, enabling buyers to participate in real-time auctions from anywhere in the world. Complementary services—such as transportation, title processing and salvage parts sales—further support Copart’s mission to deliver end-to-end remarketing solutions.
Under the leadership of President and Chief Executive Officer Jay Adair, Copart has continued to emphasize technology investments, operational efficiency and customer service excellence. The company’s executive team and board of directors, which includes founder Willis J. Johnson, oversee ongoing innovation initiatives aimed at expanding digital capabilities and entering new markets. With a focus on leveraging data analytics and automating workflows, Copart remains well-positioned to serve a diverse range of clients in the global vehicle remarketing industry.
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