COPART INC

Copart, Inc. provides online vehicle auction and remarketing services, facilitating the sale of vehicles primarily over the internet through its proprietary virtual bidding technology. The company offers a suite of services to vehicle sellers that includes merchandising, vehicle pickup, title processing, preparation, and storage. Copart operates primarily on a consignment basis earning transaction fees, while also purchasing vehicles outright in select markets and selling dismantled vehicle parts. Its seller base consists mainly of insurance companies disposing of total-loss or recovered stolen vehicles, alongside dealerships, rental car companies, financial institutions, charities, and individual sellers. Buyers include vehicle dismantlers, rebuilders, licensed repairers, used car dealers, exporters, and retail consumers.

The company operates facilities across eleven countries: the United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain. Copart maintains its corporate headquarters in Dallas, Texas.

Summary of the business section of Copart's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“As of July 31, 2020, we had 7,600 full-time employees, of whom 1,388 were engaged in general and administrative functions and 6,212 were engaged in yard operations.”