Copart is the leading auction platform for totalled passenger vehicles on behalf of insurance companies in the US, as well as for dealers, auto rental companies and fleet companies. This market is a duopoly and Copart has a share of about 60%, with around 200,000 vehicles for sales on its auction website on a typical day. Auction liquidity is of the utmost importance, and Copart’s extensive network of international buyers makes it an attractive venue for vendors to sell vehicles, in turn attracting more buyers.

Watch Copart's Corporate Video (3 mins)