![Logo for Copart Inc](https://assets.quartr.com/_next/image?url=https%3A%2F%2Ffiles.quartr.com%2Fcompany-logos%2Fd9fd1-2022-09-06-04-06-17.png&w=192&q=100)
Copart Investor Relations Material
Latest events
![Logo for Copart Inc](https://assets.quartr.com/_next/image?url=https%3A%2F%2Ffiles.quartr.com%2Fcompany-logos%2Fd9fd1-2022-09-06-04-06-17.png&w=112&q=100)
Q1 2025
Latest reports from Copart Inc
The global leader for vehicle auctions
Copart is a company that provides online auctions and vehicle remarketing services. The business model centers around providing marketplaces for buyers and sellers of used and repairable vehicles. As for other marketplaces such as Amazon within ecommerce or Meta for social media, the business model entails network effects, which provides protection against competition for the entire business after reaching sufficient scale.
The company operates a network of over 200 locations in over 10 countries, where vehicles are collected and stored prior to being auctioned off to buyers. Buyers can bid on vehicles through Copart's online auction platform, which offers a wide range of vehicles, including cars, trucks, motorcycles, boats, and RVs. Copart’s online auction platform is one of the largest in the world of its kind.
Extraordinary financial development
Financially, Copart has experienced strong growth over the last few decades. The company's revenue has increased from $214 million in 2001 to over $3.8 billion in 2020. This growth has been driven by the company's expansion into new markets, as well as its ability to attract a wide range of buyers and sellers to its online platform.
In addition to its strong financial performance, Copart has also received numerous accolades for its business practices, including being named one of Forbes' Best Employers for Diversity in 2021 and being recognized by the Environmental Protection Agency for its sustainable business practices.
Related articles
![Key](https://a.storyblok.com/f/182663/2000x1125/0fc7cdf949/the-ipo-year_1994.png/m/3840x0/filters:quality(85))
An overview of the year 1994 in the stock and IPO market, as the interest rates soared and the bond market collapsed.
![Key](https://a.storyblok.com/f/182663/2000x1125/72bd40df00/the-rise-of-copart_from-salvage-yard-to-tech-giant.png/m/3840x0/filters:quality(85))
Explore Copart's capital allocation mastery, its competitive advantages, and its transformation from a local salvage yard to a $53 billion empire.
![Key](https://a.storyblok.com/f/182663/1883x1060/685f2a316c/book-recommendations-hero.png/m/3840x0/filters:quality(85))