SOURCE: Copart, Inc.

Copart, Inc.

June 02, 2016 10:40 ET

Copart Expands to the Republic of Ireland and Hosts First Online Auto Auction

Copart Continues to Expand Global Footprint of Online Insurance Vehicle Auctions

DALLAS, TX--(Marketwired - June 02, 2016) - Copart, Inc. (NASDAQ: CPRT), a global online vehicle auction company, is proud to announce the opening and first online auction at its first location in the Republic of Ireland.

"We are really excited about expanding our presence in the European market. This location allows us to better serve our large international buyer base and clients," said Vinnie Mitz, President of Copart. "We are pleased with the success of our first online auction in the Republic of Ireland, and we look forward to future auctions."

Copart Ireland held its first online auction May 31, 2016. The online auction was hosted using Copart's VB3 technology, which is available on mobile, tablet and desktop. With the VB3 multi-auction dashboard, Members can participate in multiple auctions simultaneously, all within a single browser.

"Launching Copart in the Republic of Ireland was a logical step. We have many existing buyers in Ireland, and this number continues to grow," said Nigel Paget, Copart Europe Chief Executive Officer. "The opening of this purpose-built location in Castledermot is an exciting new venture. It will further support our European buyers and continue our strategic growth across Europe."

Copart Ireland is located in Castledermot just outside of Carlow. This location will serve as the base for Copart's new Ireland auctions and is the latest expansion across Europe following Copart's entry into India.

"This is just one of Copart's major milestones on the international stage this year. We are excited to continue expanding our global footprint as we implement the Copart model in the Ireland market," said Jay Adair, CEO of Copart.

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 160 countries through its multi-channel online platform.

For more information about Copart in the Republic of Ireland, please visit www.copart.ie. For information about Copart in the United States, please visit www.copart.com

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 (www.copart.com), the United Kingdom (www.copart.co.uk), Brazil (www.copart.com.br), Germany (www.copart.de), the United Arab Emirates, Bahrain, and Sultanate of Oman (www.copartmea.com), Spain (www.autoresiduos.com), the Republic of Ireland (www.copart.ie) and India (www.copart.in). Copart links sellers to more than 750,000 Members in over 160 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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