Dallas, Texas-based Copart, Inc. (CPRT) is a leading global provider of online vehicle auction and remarketing services, connecting sellers and buyers of used, salvage, and repairable vehicles through its proprietary digital marketplace. With a market cap of nearly $28.5 billion, the company primarily serves insurance companies, financial institutions, fleet operators, rental car companies, and vehicle dealers, helping them efficiently dispose of damaged, repossessed, or end-of-life vehicles.
Copart sits in the “large-cap” territory, a class reserved for companies valued above $10 billion. Its market leadership lies in its dominant global online salvage vehicle auction platform, supported by a vast yard network, strong relationships with insurance companies, and powerful network effects that attract both sellers and buyers, creating a highly scalable and profitable business model.
