Copart Celebrates Its 35th Anniversary as a Leader in Auto Remarketing and Online Vehicle Auctions

DALLAS, March 27, 2017 /PRNewswire/ -- Copart, Inc. (NASDAQ: CPRT) is excited to celebrate its 35th anniversary this year. What started as one salvage vehicle auction in Vallejo, Calif., has now become one of the world's largest and most innovative auto remarketers and online vehicle auction companies.

Since its founding in 1982, Copart has revolutionized the online car auction industry through its technological advancements. It was the first in the industry to launch a completely online auction model, the first to add vehicle photos to its website, and the first to develop an Apple iPad-optimized app.

In 1994, Copart gained national recognition and attention when it went public. In his autobiography, "Junk to Gold," Copart founder Willis Johnson recounts this momentous occasion. "All of a sudden, we weren't just a mom-and-pop shop anymore," wrote Willis. "The whole world had changed, at least in how people saw us. Now all we had to do was keep growing, which was the easy part for me."

Copart continues to grow year after year. In 2003, Copart expanded to 100 locations, including its first international location in Canada. This year, 2017, the company's milestone anniversary coincides with the opening of its Wilmington, Calif., location, which is the 200th worldwide across 11 countries and four continents.

"What we've achieved over the past three decades is truly remarkable," said Jay Adair, CEO of Copart. "Thirty-five years ago, Willis Johnson dreamed of going big, but I'm not sure he realized just how big we'd go. I'm proud of the hard work that's gotten Copart here, and I'm excited to see what the next 35 years have in store for us."

Copart's operational growth and its success in connecting vehicle buyers and sellers has earned it many accolades, including being named to Forbes America's Best Small Companies List and Deloitte's "The Exceptional 100" List of Top Performing US Companies. In addition, Copart has won the Confirmit ACE (Achievement in Customer Excellence) Award and has been featured on the television show "World's Best" as the "World's Best Remarketing Company."

Visit Copart.com/AboutUs to find out more about the company's history, read recent company news and learn about its commitment to charity, disaster relief and environmental responsibility.

ABOUT COPART

Copart, founded in 1982, provides vehicle sellers with a full range of remarketing services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and, in some states, to end users. Copart remarkets the vehicles through Internet sales using its VB3 technology. Copart sells vehicles on behalf of insurance companies, banks, finance companies, fleet operators, dealers, car dealerships and others as well as vehicles sourced from the general public. The company currently operates in the United States (www.copart.com), Canada (www.copart.ca), the United Kingdom (www.copart.co.uk), Brazil (www.copart.com.br), Germany (www.copart.de), the United Arab Emirates, Bahrain, and the Sultanate of Oman (www.copartmea.com), Spain (www.copart.es), the Republic of Ireland (www.copart.ie), and India (www.copart.in). Copart links sellers to more than 750,000 Members in more than 150 countries worldwide through its multi-channel platform. In 2015, Copart was ranked at the top of Deloitte's "The Exceptional 100" list of companies, which reviewed U.S. publicly traded companies based upon a multidimensional approach to measuring financial performance. For more information, or to become a Member, visit www.copart.com.

Contact:

Michelle Hoffman, VP of Marketing, Copart
[e-mail] | [phone]

Kaci Schack, Marketing Manager, Copart
[e-mail] | [phone]

 

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SOURCE Copart, Inc.

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