Copart Adds 13th Facility in Florida
FAIRFIELD, Calif.--Copart, Inc. , a leading online vehicle auction, today announced the opening of a new facility in Homestead, Florida. This latest addition to Copart’s growing footprint marks the company’s 13th facility in Florida and the 153rd facility world-wide.
“This new facility allows us to be closer to vehicles so we can pick them up faster and reduce towing costs”
Copart CEO Jay Adair said the 29-acre site will serve the busy southern tip of Florida. The additional location in South Florida also increases Copart’s capacity to process vehicles damaged during hurricanes and other disasters.
“This new facility allows us to be closer to vehicles so we can pick them up faster and reduce towing costs,�?? Adair said. “With the additional capacity this facility offers, Copart continues to provide legendary service to our sellers and members – even in catastrophe situations.�??
Copart, founded in 1982, provides vehicle sellers with a full range of services to process and sell salvage and clean title vehicles. Copart sells the vehicles online using its proprietary VB2 technology to members who register at www.copart.com. Becoming a member is free and anyone can search for and view more than 50,000 vehicles each day at www.copart.com.
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 137 facilities in North America and 16 facilities in 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 about selling or buying a car at Copart, go to 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 such as potential decreases in cycle times and reductions in certain costs. 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.