SOURCE: Copart, Inc.

Copart, Inc.

May 10, 2016 13:09 ET

Copart Announces Opening of New Location in Colorado Springs

Copart Opens 2nd Location in Colorado, the 153rd in the United States; New Location Hosts First Online Auction May 11, 2016, Featuring 430 Vehicles

DALLAS, TX --(Marketwired - May 10, 2016) - Copart, Inc. (NASDAQ: CPRT), a global online vehicle auction company, is proud to announce the opening of its second location in Colorado. The 20-acre location in Colorado Springs will hold its first auction on Wednesday, May 11, 2016. 

"We are excited to announce the opening of our second location in Colorado to help us accommodate our rapidly growing inventory across the country," said Jay Adair, Copart CEO. "Opening this location, along with the recent addition of two Texas locations totaling 100 acres, allows us to continue carrying out our mission of creating value and opportunity through vehicle auctions and exchange."

The 20-acre location in Colorado Springs is located at 3701 North Nevada Avenue.

The Colorado Springs location is open from 8 a.m. to 5 p.m., Monday through Friday. The first online auction will feature 430 vehicles to be auctioned off Wednesday, May 11, beginning at Noon MDT. Online auctions will be held every Wednesday at Noon MDT.

"The Colorado Springs community has been so welcoming to us. We have already had Members in the area visiting to check out vehicles prior to the auction," said Jason Leue, General Manager of the Copart Colorado Springs location. "We are excited to be a part of this community, and I encourage all Copart Members to come by and view the vehicles and meet the Copart family in person."

As a proud partner to local communities, Copart offers local law enforcement, fire department and other agencies a safe training environment. Most commonly, agencies use locations as a controlled environment for police dogs to train on the tracking of narcotics and explosive devices. Copart encourages local agencies to contact the General Manager to learn more about conducting training at the Colorado Springs location. In addition to supporting local agencies, Copart supports numerous local, regional and national charities.

The company operates in the United States, United Kingdom, United Arab Emirates, Bahrain, India, Sultanate of Oman, Spain, Canada, Brazil, Germany, and the Republic of Ireland, linking sellers to more than 750,000 Members in more than 150 countries through its multi-channel online platform.

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 VB3 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 in the United States and Canada, the United Kingdom, Brazil, Germany, the United Arab Emirates, Bahrain, Sultanate of Oman, Spain, the Republic of Ireland and India. Copart links sellers to more than 750,000 Members in over 150 countries worldwide through its multi-channel platform. Copart was recently ranked at the top of Deloitte's "Exceptional 100" list of companies, which reviewed U.S. publicly traded companies based upon a multidimensional approach to measuring financial performance. For more information, or to become a member, visit www.copart.com.

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