About the company
Copart, headquartered in Dallas, Texas, is a leading online salvage vehicle auction company that has revolutionized the way damaged vehicles are bought and sold. With a strong presence in the United States, as well as 10 countries across Europe and the Middle East, Copart has established itself as a global leader in the salvage vehicle industry. The cornerstone of Copart's success lies in its innovative virtual bidding platform, VB3. This platform seamlessly connects vehicle sellers, who are predominantly auto insurance companies, with a vast network of over 750,000 registered buyers worldwide. These buyers encompass a range of entities, including vehicle dismantlers, rebuilders, individuals, and used vehicle retailers. The majority of Copart's vehicle volume, approximately 80%, is supplied by insurance companies that have taken possession of vehicles deemed a total loss. These vehicles, often involved in accidents or natural disasters, are sold through Copart's auctions to the highest bidder. This efficient and transparent process ensures that insurance companies can recover some value from the vehicles while providing buyers with access to a wide selection of salvage vehicles. In addition to facilitating online auctions, Copart offers a comprehensive array of services to support both sellers and buyers. Vehicle transportation, for instance, is one of the essential services provided by the company. Copart ensures that purchased vehicles are safely transported from the auction location to the buyer's desired destination, whether it be a repair facility or a personal property. Storage facilities are also available, allowing Copart to securely house and protect vehicles until the buyer is ready to take possession. These facilities are equipped with state-of-the-art surveillance systems to guarantee the safety of the assets within their premises. Moreover, Copart assists in the complex process of title transfer, ensuring that all necessary documentation is properly handled. This service eliminates the inconvenience and hassle for buyers who may not be familiar with the administrative requirements of acquiring a salvaged vehicle. To further enhance customer experience, Copart provides salvage value estimation. They leverage their extensive knowledge and expertise to assess the potential worth of damaged vehicles accurately. This valuable tool assists both sellers and buyers in determining the fair value of salvage vehicles and makes informed decisions throughout the auction process. As a consignment-based business, Copart's revenue model revolves around collecting fees based on the final selling price of each vehicle. This approach aligns the interests of the company, sellers, and buyers, as all parties benefit from a successful transaction. Copart's commitment to innovation, reliability, and exceptional customer service has propelled the company to the forefront of the salvage vehicle industry. Through its advanced virtual bidding platform, extensive service offerings, and strong global presence, Copart continues to connect sellers and buyers in a seamless and efficient manner. With over 3.5 million transactions executed annually, Copart remains at the forefront of the salvage vehicle marketplace, empowering businesses and individuals alike.
Website: https://www.copart.com
Data updated: June 2, 2026
