Copart Inc. (CPRT)

Profile

https://www.copart.com

Copart Inc. is a global provider of online vehicle auction and remarketing services, headquartered in Dallas, Texas. The company operates a digital marketplace that connects institutional and individual vehicle sellers with a broad base of buyers, primarily serving the automotive and insurance industries. Copart specializes in the sale of salvage and used vehicles, many of which originate from auto insurance companies, rental car firms, financial institutions, and dealerships. Its proprietary virtual bidding platform enables real-time auctions and supports buyers such as dismantlers, rebuilders, used car dealers, exporters, and private individuals across multiple countries. In addition to auctions, Copart offers complementary services including vehicle transportation and logistics, storage, title processing, and damage and value assessment. By providing an efficient, technology-driven infrastructure for handling damaged and low-value vehicles, Copart plays a significant role in the automotive secondary and salvage markets, facilitating liquidity, recovery, and reuse within the broader vehicle lifecycle.