Copart, Inc. CPRT

Company Overview

Copart, Inc. is a global provider of online vehicle auction and remarketing services, operating primarily within the automotive, insurance, and salvage industries. The company specializes in connecting sellers of vehicles—most notably insurance companies—with a broad base of buyers through its proprietary online auction platform. Its core offerings include vehicle remarketing, salvage disposition, and value-added services such as title processing, storage, transportation, and vehicle condition reporting.

Founded in 1982, Copart initially focused on salvaged vehicle auctions in the United States and transitioned to an online auction model in the late 1990s, which became a key strategic differentiator. Over time, the company expanded internationally and diversified its buyer base to include dismantlers, rebuilders, exporters, dealers, and individual consumers. Copart’s competitive advantage is driven by scale, a technology-enabled auction platform, long-term insurance carrier relationships, and a global buyer network that enhances vehicle recovery values.