Copart Opens in Springfield, Missouri

    BENICIA, Calif.--Oct. 22, 2002--Copart, Inc. today announced that it has opened its second auction facility in the state of Missouri. With the addition of this 18-acre greenfield facility Copart now has 98 locations in 40 states.
    "The new Missouri location is in the southeast section of Springfield along Interstate 60," said Willis J. Johnson, Copart's Chief Executive Officer. "The new facility will allow us to better serve our suppliers in the southern Missouri area. Previously this area was served by our Kansas City and St. Louis facilities which are over three hours away."
    Since August 2001, Copart has added 14 locations including four MAG sites in New Castle, DE; Greencastle, PA; West Mifflin, PA and Richmond, VA and ten Copart salvage sites in Savannah, GA; Tifton, GA; Charleston, WV; Lyman, ME; Tucson, AZ; Somerville, NJ; Haslet, TX; Amarillo, TX; Reno, NV and Springfield, MO.

    Copart, founded in 1982, provides vehicle suppliers, primarily insurance companies, with a full range of services to process and sell salvage vehicles through auctions, principally to licensed vehicle dismantlers, rebuilders, repair licensees and used vehicle dealers. 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. The Company operates 98 facilities in 40 states. It also provides services in other locations through its national network of independent salvage vehicle processors.