Copart
Copart is a leading global provider of online vehicle auctions and remarketing services, facilitating the sale of salvage and non-salvage vehicles through its proprietary virtual bidding technology. The company serves as a critical link in the automotive circular economy by enabling the recycling, dismantling, and rebuilding of vehicles and parts. Its core value proposition lies in its global buyer network and comprehensive service suite that maximizes returns for vehicle sellers while minimizing administrative burdens.
Financials
Based on Q1 2026 · FQ2 FY2026 filing
Revenue
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Vehicle Remarketing Services
primaryThe company provides a full suite of services to process and sell vehicles on behalf of third-party sellers, primarily insurance companies. Services include transportation, storage, title processing, and access to the VB3 online auction platform.
VB3 (Virtual Bidding Third Generation), Copart Access, BID4U, Title Express, Total Loss Express 360, Co.ai, IntelliSeller, Copart 360
Insurance companies, Automotive dealers, Rental car companies, Fleet operators, Financial institutions, Charities
Principal Vehicle Sales
moderateThe company purchases vehicles outright from individuals and insurance companies (primarily in international markets) and resells them for its own account. This segment includes the direct acquisition of salvage vehicles and the sale of dismantled parts.
CashForCars.com, Green Parts Specialist (GPS), U-Pull-It
Vehicle dismantlers, Rebuilders, Used vehicle dealers, Exporters, General public
Specialized Auction Services
moderateDedicated auction platforms for specific vehicle types including powersports, construction equipment, and agricultural machinery, often utilizing both live and online formats.
National Powersport Auctions (NPA), Purple Wave Auction, CrashedToys.com, NPA Value Guide
Powersport dealers, Original Equipment Manufacturers (OEMs), Construction firms, Agricultural businesses
Segment Financials
Non Us — Direct Operating Costs
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Competitive Position
A dominant global leader in the salvage vehicle auction market, distinguished by its proprietary VB3 virtual bidding technology and an extensive physical network of storage facilities.
Geographies
United States, United Kingdom, Germany, Brazil, Canada, United Arab Emirates, Spain
Customer Segments
Insurance carriers, Automotive dismantlers, Used car dealers
Upstream Dependencies
Third-party vehicle transport companies, Information technology infrastructure providers, Real estate for storage facilities, State and local DMVs for title processing
Downstream Customers
Licensed vehicle dismantlers, Vehicle rebuilders and repairers, Used vehicle dealers, International vehicle exporters, General public buyers
Competitors & Partners
Competitors
Carvana
CVNA
National vehicle auctioneer and remarketer.
RB Global
RBA
Direct competitor in vehicle auctions, including its subsidiary Insurance Auto Auctions (IAA).
LKQ
LKQ
Largest national dismantler that may bypass remarketers by purchasing directly from insurers.
ACV Auctions Inc.
ACVA
Digital vehicle auction competitor.
Similar Companies
Subsidiaries
National Powersport Auctions
Wholesale powersport vehicle remarketing subsidiary.
Purple Wave Inc.
Majority-owned subsidiary providing online auctions for construction and agriculture equipment.
Green Parts Specialist
U.K. based vehicle dismantling and parts sales business.
Copart FAQ
Common questions about Copart
Copart is a leading global provider of online vehicle auctions and remarketing services, facilitating the sale of salvage and non-salvage vehicles through its proprietary virtual bidding technology. The company serves as a critical link in the automotive circular economy by enabling the recycling, dismantling, and rebuilding of vehicles and parts. Its core value proposition lies in its global buyer network and comprehensive service suite that maximizes returns for vehicle sellers while minimizing administrative burdens.
Copart (CPRT) has a market capitalization of $31.5B and trades on NASDAQ.
Copart generated $4.6B in trailing twelve-month revenue with net income of $1.6B, representing a net margin of 33.8%, with free cash flow of $1.4B. These figures are based on the Q4 2025 filing.
Copart's key competitors include Carvana, RB Global, LKQ Corporation, and others. These companies compete in similar markets and product categories.
Copart has approximately 10,200 employees.