Copart Opens Eleventh Facility in Florida

FAIRFIELD, Calif.--July 31, 2006--Copart, Inc. today announced the opening of its Jacksonville East facility, located at 5007 New Kings Road, Jacksonville, Florida. This 20 acre facility is the eleventh in the state of Florida, and brings the total number of storage locations to 122 throughout the United States and Canada.

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