Willis J. Johnson Named Winner Of Ernst & Young Entrepreneur Of The Year 2004 Award

FAIRFIELD, Calif.--June 29, 2004--Copart, Inc. , the leader in salvage auto auctions, announced that its Chairman and CEO, Willis J. Johnson, is the recipient of the prestigious 2004 Ernst & Young Entrepreneur Of The Year(R) 2004 Award in the Consumer & Business Services and Products category for Northern California. Mr. Johnson was selected from 24 finalists in Northern California by an independent panel of judges comprised of local community and business leaders and announced at an award banquet on June 18th, 2004 at the Fairmont San Francisco.

"I wish to thank Ernst & Young for nominating me for this award, and thank the judges for choosing me as the recipient from among a worthy group of entrepreneurs."

"I am proud to be recognized, and I thank the management team and all the employees of Copart who have contributed toward the success of our company. When I started in business over 40 years ago, I had no idea that I would be guiding a company with the reach, ambition, and promise for the future possessed by Copart. The outstanding service offered by Copart reaches all corners of the globe, and with the development of VB(2), Copart's propriety internet auction technology, I believe the opportunity to expand our reach beyond the salvage vehicle industry is significant."

"It's exciting to look back over the last 10 years, to the year Copart went public, and think about where we've come from and where we are today. I am proud that Copart has been the leader in advancing our industry from the days of mom and pop local operators utilizing primitive technology, to an industry that is today technology centric. We truly have the largest national footprint and utilize state-of-the-art technology that has given us a global reach like never before. I'm anxious to see where the future takes us."

Previous winners of this award include Sergey Brin and Larry Page, Co-Founders of Google; Larry Ellison, Founder of Oracle Corporation; Scott McNealy, Co-Founder of Sun Micro Systems; Gordon Moore and Bob Noyce, Co-Founders of Intel; and Pierre Omidyar, Founder of eBay.

Mr. Johnson will be eligible for consideration for the Entrepreneur Of The Year 2004 national program. Winners in several national categories, as well as the Overall National Ernst & Young Entrepreneur Of The Year, will be announced at the annual awards gala in Palm Springs, CA on November 20, 2004.

About Copart:

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 dismantlers, rebuilders 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 106 facilities in the United States and Canada. It also provides services in other locations through its national network of independent salvage vehicle processors.

About The Ernst & Young Entrepreneur Of The Year(R) Awards Program:

The Entrepreneur Of The Year awards program was created and is produced by professional services firm Ernst & Young LLP. As the first award of its kind, Ernst & Young Entrepreneur Of The Year recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. The program honors entrepreneurs through regional, national and global award programs in over 100 cities and 35 countries.