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Copart, Inc. is a corporation listed on the Nasdaq under the ticker CPRT, operating in the consumer services sector and the automotive auction and vehicle remarketing subsector. The company was founded by Willis J. Johnson, initially focused on organizing and commercializing damaged vehicles to meet demand from insurance carriers and the salvaged-vehicle market.
Its portfolio includes online auctions of used and damaged vehicles, automotive remarketing services, transportation, storage, inspection, title processing, salvage-value assessments and digital solutions supported by proprietary auction technologies.
The operating market has international reach, with established presence in the United States, Canada, the United Kingdom, Germany, Brazil, the United Arab Emirates, Spain, Finland, Ireland, Oman and Bahrain. The client base includes insurance companies, fleet operators, rental firms, dealerships, dismantlers and independent buyers.
Market drivers affecting operations include accident and total-loss volumes, pricing trends for used vehicles and parts, regulatory requirements for transport and disposal, competition from other auction providers and alternative resale channels, as well as the ongoing digitalization of remarketing processes.
Operational scale encompasses more than 200 physical facilities across multiple countries, consisting of large storage and processing yards for vehicles. Annual activity serves millions of buyers and sellers, supported by a workforce exceeding 11,000 employees.
The operating structure integrates auction yards, logistics centers, inspection and storage units, transportation divisions, administrative areas, technical support functions and international hubs. The corporate headquarters is located in Dallas, Texas, with globally distributed regional operations.
The operating model is based on consignment services, sales commissions, fees for complementary services and the use of digital auction platforms. Proprietary bidding technology is a core component enabling scalability and global transaction reach.
Shares are traded exclusively on the Nasdaq under the ticker CPRT.
History and Foundation
The company was founded in 1982 in Vallejo, California, beginning operations with a salvage-vehicle yard dedicated to the resale of damaged or total-loss automobiles.The early years presented challenges related to expanding operational capacity, organizing inventory and establishing structured auction processes. Initial achievements included enlarging storage yards and increasing the volume of vehicles offered for sale.
Expansion took place over subsequent decades, with the signing of contracts with major insurers, entry into additional U.S. states, diversification of services and the development of proprietary technology to digitalize operations.
Major milestones include the company’s initial public offering (IPO) in 1994, the full implementation of online auctions in 1998, international expansion in the early 2000s and the global strengthening of its digital remarketing model.
Between 2020 and 2024, significant developments included growth in the global volume of auctioned vehicles, adjustments in international logistics, modernization of digital platforms, expansion into additional international markets and the impact of macroeconomic volatility on operational costs and supply-and-demand dynamics.
Additional Information
The Company Copart Inc. (United States), is listed on Nasdaq with a market value of $ 36.56 Billions, having an equity of $ 9.62 Billions.
With a total of 7.600 employees, the company is listed in the sector of Services and categorized in industry of Commercial Services.
In the last 12 months the Company had a revenue of $ 4.66 Billions, which generated a profit in the amount of $ 1.59 Billion.
As for its main indicators, the Company has a P/E ratio of 22.94, a P/BV ratio of 3.80 and in the last 12 months the Company did not pay dividends.
The Company is traded internationally through the ticker CPRT.
