Copart Adds Second Facility in South Carolina
FAIRFIELD, Calif.--Copart, Inc. today announced the opening of a new facility in Greer, South Carolina. This latest addition to Copart’s growing footprint marks the company’s second facility in South Carolina and the 147th facility world-wide.
Copart CEO and founder Willis J. Johnson said the 22-acre greenfield site will serve the northwest corner of the state, decreasing cycle times and reducing storage and fuel costs for customers.
“This new facility allows us to be closer to our customers in another part of South Carolina and expands our national footprint. This is just another way Copart continues to provide legendary service to our customers,” Johnson said.
Copart, founded in 1982, provides vehicle sellers with a full range of remarketing services to process and sell salvage and clean title vehicles to dismantlers, rebuilders, exporters and, in some states, to end users. Copart remarkets the vehicles through Internet sales utilizing its proprietary VB2 technology. Copart sells vehicles on behalf of insurance companies, banks, finance companies, fleet operators, dealers, car dealerships, the general public and others. The company currently operates 147 facilities in the United States, Canada and the United Kingdom. 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. For more information, or to become a registered buyer, visit www.copart.com.
FORWARD LOOKING STATEMENTS:
This press release contains forward-looking statements within the meaning of federal securities laws, including statements regarding our expectations with respect to certain anticipated benefits to our customers related to the opening of our new facility. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected or implied by our statements and comments. For a more complete discussion of the risks that could affect our business, please review the “management's discussion and analysis” and the other risks identified in Copart’s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. We encourage investors to review these disclosures carefully. We do not undertake to update any forward-looking statement that may be made from time to time on our behalf.