CPRT 📈 Copart - Overview

Copart, Inc. is a leading provider of online auctions and vehicle remarketing services, operating in 12 countries worldwide, including the United States, Canada, the United Kingdom, Brazil, and several others. The company's innovative platform enables vehicle sellers, insurance companies, banks, and individuals to sell vehicles quickly and efficiently through its virtual bidding technology.

The company offers a comprehensive range of services, including online seller access, salvage estimation, vehicle inspection, transportation, and title processing, making it a one-stop-shop for vehicle sellers. Additionally, Copart provides services such as end-of-life vehicle processing, loan payoff, and flexible vehicle processing programs, catering to the diverse needs of its clients.

Copart's services extend beyond traditional vehicle sales, offering unique features such as CashForCars.com, which allows individuals to sell their vehicles quickly and easily. The company's Copart Recycling service enables the public to purchase parts from salvaged and end-of-life vehicles, promoting sustainability and reducing waste. Furthermore, Copart's 360-degree imaging technology provides buyers with detailed, high-quality views of vehicles, enhancing the online buying experience.

The company's membership tiers and virtual queue system ensure a seamless and convenient experience for buyers, while its non-salvage powersport vehicle remarketing services cater to the growing demand for motorcycles, RVs, and other recreational vehicles. Copart's products are sold primarily to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters, as well as to individual buyers.

Founded in 1982, Copart, Inc. is headquartered in Dallas, Texas, and has established itself as a pioneer in the vehicle remarketing industry, leveraging technology to drive innovation and growth. With its user-friendly platform and extensive range of services, Copart has become a trusted partner for vehicle sellers and buyers alike.