Copart Continues Southeast Expansion

FAIRFIELD, Calif.--Feb. 2, 20052, 2005--Copart, Inc. , the largest provider of vehicle salvage disposition services in the United States, today announced the opening of its 2nd salvage facility in the state of Tennessee and it's 20th in its Southeastern region. The greenfield facility located in Knoxville, Tennessee will add needed capacity in the eastern part of the state, which is currently serviced by yards in Nashville, Tennessee; Lexington, Kentucky and China Grove, North Carolina.

"Knoxville allows us to provide reduced towing costs to our suppliers and helps insure prompt pick up of vehicles in this region, as it is located between three existing facilities. We pride ourselves in having the largest network with the ability to pick up most vehicles within 24 hours of assignment. This helps reduce not only tow charges but storage charges for our suppliers and provides an important competitive advantage," 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, principally to licensed dismantlers, rebuilders and used vehicle dealers, through Internet auctions utilizing its proprietary VB2 technology. 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 110 facilities in the United States and Canada. It also provides services in other locations through its national network of independent salvage vehicle processors.