Copart Acquires Facility in Eugene, Oregon

FAIRFIELD, Calif.--Sept. 8, 2003--Copart, Inc. today announced that it has acquired a salvage facility in Eugene, Oregon. With the addition of this 19-acre location Copart now has 104 locations throughout North America.

"The Eugene facility will help reduce towing costs and relieve capacity issues at our Portland location," said Willis J. Johnson, Copart's Chief Executive Officer. "Our Portland facility sent trucks as far south as the California border to pick up vehicles, which is over 250 miles away. We will now service this area out of Eugene."

Since August 2002, Copart has added eleven locations including two MAG sites in West Mifflin, PA and Richmond, VA and nine Copart salvage sites in Reno, NV; Springfield, MO; Corpus Christi, TX; Ft. Pierce, FL; Rancho Cucamonga, CA; Richmond, VA; Albany, NY; Eugene, OR and Toronto, Canada.

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 104 facilities in North America. It also provides services in other locations through its national network of independent salvage vehicle processors.