Copart Strengthens Southeast Presence

FAIRFIELD, Calif.--Feb. 8, 2005--Copart, Inc. , the largest provider of vehicle salvage disposition services in the United States, today announced the opening of its 7th salvage yard in the state of Florida and its 19th in the Southeastern region. The 21-acre greenfield facility located in Ocala, Florida will add needed capacity in the northern part of the state, which is currently serviced by yards in Orlando, Jacksonville and Tampa, Florida.

"We are constantly challenged to handle the continuing growth while maintaining outstanding service to our insurance customers and salvage buyers. We are pleased that Copart has the financial, human and technological resources to address growth and to respond to our customers' needs," 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 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 109 facilities in the United States and Canada. It also provides services in other locations through its national network of independent salvage vehicle processors.