CPRT

Copart Inc operates a global, technology‑driven online auction platform that connects vehicle sellers—principally insurance carriers, dealers, fleet operators and banks—with a network of buyers for salvage, damaged and clean‑title vehicles. The company’s business model is asset‑light, generating revenue from listing fees, transaction commissions and ancillary services such as storage, transport and title processing. It is a leading player in the automotive remarketing and online vehicle auction sector, commanding a sizable share of the U.S. market and maintaining operations in more than a dozen countries. Copart’s proprietary VB3 virtual bidding system and extensive geographic footprint create strong network effects that reinforce its dominant market position.