CPRT 📈 Copart - Overview

Copart, Inc. is a leading provider of online auctions and vehicle remarketing services, operating in multiple countries including the United States, Canada, the United Kingdom, Brazil, and several others. The company's platform enables vehicle sellers, insurance companies, banks, and other organizations to sell vehicles over the internet through a third-generation internet auction-style sales technology. This technology allows for virtual bidding, providing a convenient and efficient way for buyers and sellers to connect. Additionally, Copart offers a range of services to support the vehicle sales process, including online seller access, salvage estimation, vehicle inspection stations, and title processing.

The company's services cater to a diverse range of clients, including charities, fleet operators, dealers, vehicle rental companies, and individuals. Copart also provides specialized services such as end-of-life vehicle processing, transportation, and flexible vehicle processing programs. Furthermore, the company operates several websites, including BluCar, CashForCars.com, and others, which allow individuals to sell their vehicles quickly and easily. Copart's proprietary technology, copart 360, captures detailed 360-degree views of vehicles, providing buyers with a comprehensive understanding of the vehicle's condition.

Copart's business model is designed to provide a streamlined and efficient experience for both buyers and sellers. The company's IntelliSeller tool uses data and analytics to assist sellers in making informed auction decisions. Moreover, Copart's membership tiers offer buyers a range of benefits, including access to exclusive inventory and priority customer support. The company also operates Purple Wave Inc., which provides wholesale construction, agriculture, and fleet remarketing services through no-reserve online auctions. Copart's products are sold to a variety of customers, including licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters, as well as to the general public.

With a history dating back to 1982, Copart, Inc. is headquartered in Dallas, Texas, and has established itself as a major player in the vehicle remarketing industry. The company's website, https://www.copart.com, provides a wealth of information on its services and products. As a publicly traded company, Copart's common stock is listed on the NASDAQ stock exchange under the ticker symbol CPRT, and its ISIN is US2172041061. The company is classified under the GICS Sub Industry of Diversified Support Services, reflecting its broad range of services and products.