Copart Expands Operations into Brazil

  Copart Expands Operations into Brazil

Business Wire

DALLAS -- November 05, 2012

Copart, Inc. (NASDAQ: CPRT), a global live virtual vehicle auction company,
today announced the acquisition of Central de Leiloes LTDA, located in Sao
Paulo, Brazil. Central is a leading salvage vehicle auction company currently
providing services to many of the leading automobile insurance companies in
Brazil. Central serves the Brazilian market through five facilities located in
Sao Paulo state. This acquisition provides the Company its first physical
presence in South America.

“We are excited to enter the Brazilian market through the acquisition of a
company with the status and history of Central de Leiloes,” said Copart’s CEO,
Jay Adair. “The Brazilian automobile insurance market is growing at a robust
rate as the economy continues to expand. We are excited to introduce our
services and to enhance the existing service levels in Brazil as we have done
in the United States, Canada, the United Kingdom and the United Arab
Emirates.”

“We believe that there are insurance companies throughout the world who can
benefit from the unique value we offer,” continued Mr. Adair. “We will
continue to pursue the opportunity to serve them.”

To learn more, visit www.copart.com/brazil or www.copart.com.br.

ABOUT COPART:

Copart, founded in 1982, provides vehicle sellers with a full range of
remarketing services to process and sell salvage and clean title vehicles to
dealers, dismantlers, rebuilders, exporters and, in some states, to end users.
Copart remarkets the vehicles through Internet sales utilizing its patented
VB^2 technology. Copart sells vehicles on behalf of insurance companies,
banks, finance companies, fleet operators, dealers, car dealerships and others
as well as cars sourced from the general public. The company currently
operates 162 facilities in the United States, Canada, the United Kingdom,
Brazil and the United Arab Emirates. 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 member,
visit www.copart.com.

FORWARD LOOKING STATEMENTS:

This press release contains forward-looking statements within the meaning of
federal securities laws, and these forward-looking statements are subject to
substantial risks and uncertainties. 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.

Contact:

Copart, Inc.
Deana Lott, 469-374-2801
Assistant to the Chief Financial Officer
deana.lott@copart.com
 
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