Copart Acquires New Facility in Pennsylvania

    BENICIA, Calif.--April 30, 2001--Copart, Inc. today announced that it has acquired the assets of Mountain States Auto Auction, Inc. of Mount Morris, Pennsylvania. The 34-acre facility is Copart's 81st location in the US and its third facility in Pennsylvania.
    "The Mount Morris location is on the southern border of Pennsylvania just minutes from Morgantown, West Virginia," said Willis J. Johnson, Copart's Chief Executive Officer. "This is an area we previously served out of our Pittsburgh location that is over 90 miles away. The new location will enable us to serve more buyers and suppliers in the region."
    Since March 2000, Copart has added 11 locations including sites in Boise, ID; Pasco, WA; West Palm Beach, FL; Abilene, TX; San Antonio, TX; Albuquerque, NM; Harrisburg, PA; Chatham, VA; Chicago Heights, IL; Shreveport, LA and Mt. Morris, PA.
    Founded in 1982, Copart provides vehicle suppliers -- primarily insurance companies -- with a full menu of services to process and sell salvage vehicles through auctions, principally to licensed dismantlers, rebuilders and used vehicle dealers. Salvage vehicles are either damaged vehicles deemed a total loss for insurance or business purposes, or recovered stolen vehicles for which an insurance settlement with the vehicle's owner has been made. Operating 81 facilities in 36 states, Copart also provides services to other geographic areas through its national network of independent salvage vehicle suppliers.

    NOTE: Certain statements in this release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors and/or factors affecting future results detailed in the company's Securities and Exchange Commission reports, including variations in the company's operating results, the inability to continue to increase service fees, slowdowns in the timing or reduced size of future acquisitions and facility openings, the loss of vehicle suppliers or buyers, the announcement of new vehicle supply agreements by the company or its competitors, changes in regulations governing the company's operations or its vehicle suppliers, environmental problems or litigation.