Copart Company Description
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 145 storage facilities throughout the North America and the UK.
View the Comprehensive Company Description for Copart
The Company Description provides a historical perspective of Copart's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Copart's evolution in the marketplace.
