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What is Copart, Inc. mean?
Copart, Inc. or simply Copart is a global provider of online vehicle auction and remarketing services to automotive resellers such as insurance, rental car, fleet and finance companies in 11 countries: the US, Canada, the UK, Germany, Ireland, Brazil, Spain, Dubai, Bahrain, Oman and Finland. Headquartered in Dallas, Texas, Copart has more than 200 physical locations around the world, where it houses more than 10,000 acres of vehicle inventory. Copart sells used, wholesale and repairable vehicles in weekly and bi-weekly online auctions to buyers ranging from consumers to automotive businesses around the world. Copart provides vehicle sellers with a range of services to process and sell repairable and clean title vehicles over the internet, using its patented virtual auction technology, named VB3.
Vehicle sellers at Copart auctions include insurance companies, banks and financial institutions, charities, vehicle dealers, fleet operators, government agencies and rental car companies.
Many vehicles are sold in good to routine wear conditions. Others, such as those sold by insurance companies, are vehicles deemed uneconomical to repair or are recovered stolen vehicles where payment has already been made to the owner.
Copart is also an industry-leading vehicle seller for rental, fleet and finance companies. These vehicles vary from used classic cars, used hybrid cars, off-lease, trade-in to rental cars. In fact, Copart hosts exclusive weekly (at 12 p.m. Eastern Time on Wednesdays) rental auctions [1] for buyers interested in rental cars, SUVs and trucks.
Copart's brands include CashForCars.com, CrashedToys and National Powersport Auctions (NPA). (See below for more information on Copart Brands)
Copart is a public company and is traded on the NASDAQ under the ticker symbol CPRT and has been named to Fortune’s 2020 Future 50 companies, 100 Fasted-Growing Companies and the Fortune 500 list.
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| Copart, Inc. | Business |
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Posted on 30 Dec 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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