Copart Adds Eighth Facility in Pennsylvania

Copart, Inc. (NASDAQ:CPRT), a leading online vehicle auction, today announced the opening of a new facility in Scranton, Pennsylvania. This latest addition to Copart’s growing footprint marks the company’s eighth facility in Pennsylvania and the 153rd facility world-wide.

Copart CEO and founder Willis J. Johnson said the 14-acre site will help serve this busy and important part of the state, decreasing cycle times and reducing storage and fuel costs for customers.

“This new facility allows us to be closer to vehicles so we can pick them up faster and reduce towing costs,” Johnson said. “With the additional capacity this facility offers, Copart continues to provide legendary service to our sellers and buyers.”

Copart, founded in 1982, provides vehicle sellers with a full range of services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters, and in some states, to end users. Copart remarkets the vehicles through Internet sales utilizing its proprietary VB ² technology.

Copart sells vehicles on behalf of insurance companies, banks, finance companies, fleet operators, dealers, car dealerships, the general public, and others. The company currently operates 153 facilities in the United States, Canada, and the United Kingdom. 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.

Copart recently enhanced its website to make it easier for everyone to search for and view more than 50,000 vehicles each day offered at www.copart.com. Public buyers can also now purchase cars at Copart either directly or through independent third-party brokers. For more information, or to purchase vehicles, visit www.copart.com.

FORWARD LOOKING STATEMENTS:

This press release contains forward-looking statements within the meaning of federal securities laws, including statements regarding our expectations with respect to certain anticipated benefits to our customers related to the opening of our new facility such as potential decreases in cycle times and reductions in certain costs. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected or implied by our statements and comments. For a more complete discussion of the risks that could affect our business, please review the “management's discussion and analysis” and the other risks identified in Copart’s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. We encourage investors to review these disclosures carefully. We do not undertake to update any forward-looking statement that may be made from time to time on our behalf.