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What happens after cars are totaled in wrecks or natural disasters? How about stolen cars recovered "after" the insurance settlement? Perhaps Copart happens -- it takes junked cars and auctions them for insurers, auto dealers, and car rental agencies. The buyers are mostly rebuilders, licensed dismantlers, and used-car dealers and exporters. It has replaced live auctions with Internet auctions using a platform known as Virtual Bidding Second Generation (VB2 for short). Copart also provides services such as towing and storage to buyers and other salvage companies, as well as an online database and search engine for used parts. The company has about 150 storage facilities throughout North America and the UK.
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| | | Contact Information | |
Address: |
4665 Business Center Dr.
Fairfield, CA 94534
| | Phone: | 707-639-5000 | | Fax: | 707-639-5196 |
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| Financial
Highlights | | Fiscal Year End: | July | | Revenue (2009): | 743.10 M | | Revenue Growth (1 yr): | (-5.30%) | | Employees (2009): | 2,713 | | Employee Growth (1 yr): | (-8.80%) |
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Key People
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Chairman and CEO:
Willis J. Johnson
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President and Director:
A. Jayson Adair
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COO:
Russell D. Lowy
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