Copart, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Jeffrey Liaw
- Full Time Employees
- 13,800
- Sector
- Industrials
- Industry
- Specialty Business Services
- Address
- 14185 Dallas Parkway Dallas TX United States of America 75254
- IPO Date
- Mar 17, 1994
- CIK
- 0000900075
- Website
- copart.com
- Similar Companies
- Business
- Copart, Inc. (NASDAQ: CPRT) operates as a global leader in online vehicle auctions and remarketing services, providing sellers with comprehensive solutions to process and sell salvage, used, wholesale, repairable, and clean-title vehicles through its proprietary Virtual Bidding Third Generation (VB3) technology. Founded in 1982 and headquartered in Dallas, Texas, the company offers core products and services including online auctions for cars, trucks, SUVs, motorcycles, ATVs, boats, heavy equipment, and powersports via brands such as CrashedToys, National Powersport Auctions (NPA), BID4U, CashForCars.com, and DRIVE Auto Auctions; ancillary services encompassing vehicle storage, transportation, title processing, valuation tools like Preliminary ProQuote and TLE 360 for 360-degree imaging, electronic signatures (E-Sign), and loan payoff with letters of guarantee; as well as remarketing to licensed dismantlers, rebuilders, repair shops, used vehicle dealers, exporters, fleet operators, rental companies, banks, finance firms, charities, municipalities, and individual buyers. Copart maintains over 200 physical locations spanning more than 10,000 acres across 11 countries, including the United States, Canada, the United Kingdom, Germany, Brazil, Spain, the United Arab Emirates, Bahrain, Oman, Ireland, and Finland, auctioning over 175,000 vehicles daily to more than 750,000 members in 170-plus countries. Recent developments include the strategic acquisition of Purple Wave to expand into heavy equipment auctions, enhancing revenue diversification and leveraging existing technology infrastructure; a partnership with One Inc. to modernize lienholder payments and bolster higher-margin service revenue; continued integration benefits from the prior Insurance Auto Auctions (IAA) acquisition, improving lot density, towing capacity, and operational efficiencies; and robust fiscal 2025 financial performance with revenue reaching $4.6 billion (up 9.7%), gross profit of $2.1 billion (up 10.1%), and net income of $1.6 billion (up 13.9%), driven by rising total loss frequencies from increasing repair costs and a shift toward service-heavy revenue mix amid softer auction volumes.
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