Copart Acquires Facility in Strongsville, Ohio

FAIRFIELD, Calif.--Jan. 1, 20058, 2005--Copart, Inc. today announced that it has acquired a 16-acre salvage facility in Strongsville, Ohio. The addition of the Strongsville facility will complement Copart's existing presence in the Cleveland area, currently serviced by a 22-acre site in Northfield, Ohio, and will bring Copart's total number of locations to 108 throughout the United States and Canada.

"The addition of this facility will take the pressure off our existing locations in Cleveland and the surrounding areas as we continue to experience strong demand for our services," said Willis J. Johnson, Copart's Chief Executive Officer.

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