industry automotive founded vallejo california 1982 1982 founder willis j. johnson headquarters dallas texas u.s. key people willis j. johnson chairman a. jayson adair ceo vincent w. mitz president revenue us 1 163 489 2014 1 dollar figures in 000s operating income us 274 934 2014 1 net income us 178 687 2014 1 total assets us 1 506 804 2014 1 total equity us 1 003 499 2014 1 number of employees 4 179 2014 1 website copart.com copart inc. headquartered in dallas texas is a provider of online vehicle auction and remarketing services in the united states u.s. canada and the united kingdom u.k. 2 3 and has acquired or opened operations in germany 4 brazil 5 spain 6 and the united arab emirates . 7 copart provides vehicle sellers with a range of services to process and sell salvage and clean title vehicles over the internet using its patented virtual auction technology . 8 copart s buyers are principally used vehicle dealers dismantlers rebuilders exporters and at some facilities the general public . vehicle sellers at copart auctions consist primarily of insurance companies but also include banks and financial institutions charities vehicle dealers fleet operators government agencies and rental car companies . 9 10 copart has partnered with many brokers like a to z salvage www.atozsalvage.com who offer various value added services such as bidding and buying advice repair services transportation export shipping etc. 11 12 the majority of vehicles copart sells on behalf of insurance companies are either damaged vehicles deemed a total loss or not economically repairable by the insurance companies or are recovered stolen vehicles for which an insurance settlement with the owner has already been made . 3 8 copart through its copart direct division also purchases vehicles directly from the general public for resale . corporate information edit in 2012 copart relocated its corporate headquarters from fairfield california to dallas texas . copart s dallas headquarters building consists of approximately 53 000 square feet 4 900 m2 of leased office space . 13 14 history edit copart was founded in 1982 by willis j. johnson in vallejo california . 15 willis johnson began expanding copart in the early 1990s through private loans and equity . by the early 90s the company had grown to four locations in northern california ; and by march 1994 it had added another eight new facilities culminating in the acquisition of the largest volume seller of salvage in the united states north texas salvage pool of dallas texas . 3 with a vision of transforming the salvage industry from a collection of individual salvage yards into a modern sophisticated information and service business willis johnson began developing copart s information technology in the 1990s . 3 16 17 the first major step in this process was the creation of the copart auction system cas in 1997 which was designed to unify and support the growing business as well as allow copart facilities and sellers to access information generate reports and increase operating efficiencies . 15 the next step came in 1998 with copart s introduction of internet bidding a departure from the industry standard of local physical auctions . 9 as internet bidding grew in popularity copart developed its online auction platform vb2 which it implemented in 2003 . 15 vb2 technology transformed copart from a salvage vehicle auction company where buyers attended onsite auctions into a technology company opening the sales process to registered buyers members and sellers anywhere in the world who have internet access . 17 18 in fiscal 2004 in north america and fiscal 2008 in the u.k. copart discontinued all live auctions and began remarketing vehicles through vb2 . 19 20 copart now sells more than one million vehicles each year through vb2 technology . 9 21 in march 1994 copart had its initial public offering ipo and debuted on the nasdaq under the symbol cprt . copart s ipo of 2.3 million shares of stock provided the company with the means to become a national company . 3 references edit a b c d e f copart annual report form 10 k filing date september 29 2014 http www.sec.gov archives edgar data 900075 000114544314001196 d31671.htm . u.s. securities and exchange commission . retrieved december 16 2014 . copart annual report form 10 k filing date september 29 2008 http pdf.secdatabase.com 1876 000104746 9 08 010447 . pdf . u.s. securities and exchange commission . retrieved february 1 2013 . a b c d e grant tina ed . 1998 . international dictionary of company histories . copart inc. 23 . detroit . st. james press . pp. 147 149 . isbn 1 55862 364 7 . 34 . copart expands operations into germany http www.businesswire.com news home 20121112005403 en copart expands operations germany . business wire . posted november 12 2012 . retrieved february 21 2013 . copart expands operations into brazil http www.businesswire.com news home 20121105005910 en copart expands operations brazil . business wire . posted november 5 2012 . retrieved february 21 2013 . copart expands operations into spain http www.businesswire.com news home 20130611006322 en copart expands operations spain . business wire . posted june 11 2013 . retrieved october 10 2013 . copart inc announces acquisition of ride safely middle east auction llc http www.reuters.com finance stocks cprt.o key developments article 2598192 . reuters.com . posted august 28 2012 . retrieved january 31 2013 . a b copart annual report form 10 k filing date october 28 1996 http pdf.secdatabase.com 1234 000091205 7 96 023870 . pdf . u.s. securities and exchange commission . retrieved february 1 2013 . a b c copart annual report form 10 k filing date october 31 2006 http pdf.secdatabase.com 752 000110465 9 06 069980 . pdf . u.s. securities and exchange commission . retrieved february 1 2013 . business summary http finance.yahoo.com q pr s cprt . retrieved january 25 2013 . copart online salvage car auction brokers http www.copart.com c2 online salvage car auction brokers.html . copart.com . retrieved december 2014 . copart car auction broker autobidmaster http www.autobidmaster.com aboutus copart broker . autobidmaster.com . retrieved december 2014 . copart annual report form 10 k filing date october 1 2012 http www.secdatabase.com 843 000114544 3 12 001120 . pdf . u.s. securities and exchange commission . retrieved march 10 2014 . auto reseller copart to move hq to farmers branch http www.bizjournals.com dallas print edition 2012 02 17 auto reseller copart to move hq to.htmlauto reseller copart to move hq to farmers branch . dallas business journal . posted february 17 2012 . retrieved january 24 2013 . a b c copart to celebrate 25 years of success http collisionrepairmag.com component content article 66 profiles 10359 copart to celebrate 25 years of success . collision repair magazine . posted july 17 2007 . retrieved may 5 2014 . turning rust into gold http www.businessweek.com stories 2002 06 09 turning rust into gold . business week . posted june 9 2002 . retrieved january 21 2013 . a b the sotheby s of scrap http www.forbes.com 2005 01 11 cz rp 0111phalon.html fortune . posted january 11 2005 . retrieved january 23 2013 . copart annual report form 10 k filing date october 14 2004 http pdf.secdatabase.com 2242 000095013 4 04 015006 . pdf . u.s. securities and exchange commission . retrieved october 22 2014 . copart inc. 2007 annual report form 10 k filing date october 1 2007 http pdf.secdatabase.com 1556 000110465 9 07 072450 . pdf u.s. securities and exchange commission . retrieved october 22 2014 . copart inc. company profile http www.hoovers.com company information cs company profile.copart inc.6ac2a0902ab29b10.html . hoovers.com . retrieved october 22 2014 . about copart http www.copart.com c2 about copart car salvage auction.html . copart.com . retrieved october 22 2014 . retrieved from https en.wikipedia.org w index.php title copart & oldid 743419207 categories companies listed on nasdaqonline auction websitescompanies based in dallascompanies established in 19821982 establishments in california navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 9 october 2016 at 15 34 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy 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