| Business Summary | | Copart,
Inc.
provides
vehicle
suppliers,
primarily
insurance
companies,
with
a
full
range
of
services
to
process
and
sell
salvage
vehicles
through
auctions,
principally
to
licensed
dismantlers,
rebuilders
and
used
vehicle
dealers.
Salvage
vehicles
are
either
damaged
vehicles
deemed
a
total
loss
for
insurance
or
business
purposes
or
are
recovered
stolen
vehicles
for
which
an
insurance
settlement
with
the
vehicle
owner
has
already
been
made.
The
Company
offers
vehicle
suppliers
a
full
range
of
services,
which
expedite
each
stage
of
the
salvage
vehicle
auction
process
and
minimize
administrative
and
processing
costs.
The
Company
generates
revenues
primarily
from
auction
fees
paid
by
vehicle
suppliers
and
vehicle
buyers
as
well
as
related
fees
for
services
such
as
towing
and
storage. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Copart,
Inc.
provides
vehicle
suppliers,
primarily
insurance
companies,
with
services
to
process
and
sell
salvage
vehicles
through
auctions,
mostly
to
dismantlers,
rebuilders
and
used
vehicle
dealers.
For
the
nine
months
ended
4/30/01,
revenues
rose
34%
to
$185.3
million.
Net
income
rose
40%
to
$30
million.
Revenues
reflect
increased
proceeds
from
auctioned
salvage
vehicles.
Earnings
also
benefitted
from
improved
PIP
percentages
and
market
share
gains. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Willis Johnson, 53 CEO | $536K | -- | A. Jayson Adair, 31 Pres | 315K | -- | James Meeks, 51 Exec.
VP, Chief Operating Officer, | 247K | $3.7M | Wayne Hilty, 44 Sr.
VP and CFO | 198K | -- | Paul Styer, 44 Sr.
VP, Gen. Counsel, and Sec. | 206K | -- | Dollar
amounts are as of 31-July-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|