Copart Inc. CPRT

What this company does

Copart provides online auctions and vehicle remarketing services, with operations in the United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland and Bahrain. It provides vehicle sellers with a full range of services to process and sell vehicles primarily over the internet through its Virtual Bidding Third Generation internet auction-style sales technology, referred to as VB3. It sells the vehicles principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, exporters, and to the general public. As of July 31, 2025, it had approximately 11,600 full and part-time employees, of which approximately 64% were located in the U.S. and 36% were located within its International segment. Its U.S. and International regions are considered two separate operating segments and are disclosed as two reportable segments. For the year ended July 31, 2025, it generated 83.0% of its revenue in its U.S. segment and 17.0% in its international segment. Copart was incorporated in California in 1982, became a public company in 1994, and was reincorporated in Delaware in January 2012.

Written from the business description in COPART INC's annual report to the U.S. Securities and Exchange Commission, filed 26 September 2025. Every sentence was checked against that document before publication.