Copart Opens First Facility in Hawaii

FAIRFIELD, Calif.--Aug. 1, 2005--Copart, Inc. today announced that it has opened a greenfield facility in Honolulu -- its first in the state of Hawaii.

"This new facility is an addition to our national footprint and fulfills a need many of our vehicle suppliers under national contracts have for a facility in Hawaii," stated 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 sales 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 118 facilities in the United States and Canada. It also provides services in other locations through its national network of independent salvage vehicle processors.

NOTE: This press release contains "forward-looking statements" within the meaning of federal securities laws. These statements relate to market demand in the Hawaii market and our ability to service customers. We cannot predict to what extent, if any, the opening of new facilities will have a favorable impact on our results of operations in future periods. Our business and operating results are subject to numerous risks, including risks relating to our dependence on a limited number of suppliers of salvage vehicles. If we are unable to maintain and expand these relationships, including in markets where we open new facilities, our revenues and operating results could be adversely affected. Our business and results of operations are also subject to numerous additional risks and uncertainties described in our most recent Annual Report on Form 10K and Quarterly Reports on Form 10-Q and other filings we make with the Securities and Exchange Commission. We encourage investors to review this information carefully.