Copart was founded in 1982 in Vallejo, California, by Willis Johnson. Johnson began buying salvaged and repossesed vehicles and reselling them. Beginning with just one location, by 1994 the company had more than 12 locations.
Today, Copart is the largest provider of online vehicle auctions and remarketing services in the US. The company has international sales offices as well, including Germany, Ireland, Spain, Great Britain, and India. Copart has a large range of services to sell every type of vehicle, including personally owned vehicles, through its patented Virtual Auction platform. The company sells repossessed vehicles, salvaged vehicles, parts only vehicles, donated to charity cars and trucks and much more.
Copart went public on the NASDAQ in 1994 and is still publicly traded under the ticker symbol: CPRT. Annual revenue in 2014 was $1.5 billion. The company reported selling more than 1 million vehicles. Headquarters were moved to Dallas, Texas, in 2012.