Copart, Inc. Overview
Pro stress-test →Copart, founded in 1982, is a global leader in online vehicle auctions that connects vehicle consigners to approximately 1 million members in over 185 countries. The company offers vehicle remarketing services to insurance companies, financial institutions, dealers, rental car companies, and other clients, with operations at over 250 locations in 11 countries selling more than 4 million units annually.
Strategic Profile
Pro stress-test →Copart achieved a 12.3% increase in gross profit per fee unit and a gross margin improvement of 184 basis points to 46.5% in Q1 2026, demonstrating strong pricing power despite headwinds. FY2025 showed 9.7% revenue growth with 45.2% global gross margin, driven by 18.9% international revenue surge outpacing US growth, positioning the company for global expansion.
Competitive Landscape
Pro stress-test →Copart's dominance is increasingly contested by rivals like Insurance Auto Auctions (IAA), ADESA, and emerging online platforms, with competitors leveraging digital infrastructure to erode market share in commercial and dealer consignment channels. The market faces structural headwinds from rising total loss rates and reduced consumer insurance coverage affecting vehicle supply across the industry.
Industry Context
Copart, Inc. operates in Automotive Auctions & Vehicle Remarketing.
Key facts
Founded: 1982 · Headquarters: Dallas, US · Revenue: $4.6B