Copart Acquires Facility in Lexington, Kentucky.

FAIRFIELD, Calif. -- Copart, Inc. (Nasdaq:CPRT) today announced that it has acquired a 25-acre salvage facility in Lexington, Kentucky. The addition of the Kentucky facility will complement Copart's existing presence in the state of Kentucky, which is currently serviced by our Lawrenceburg facility, and will bring Copart's total number of locations to 111 throughout the United States and Canada.

"This facility will enable us to accommodate the growth we are experiencing in this region," stated Willis J. Johnson Copart's Chief Executive Officer. "Copart will continue to drive growth both organically and through acquisitions."

Copart, founded in 1982, provides vehicle suppliers, primarily insurance companies, with a full range of services to process and sell salvage vehicles through auctions, principally to licensed vehicle dismantlers, rebuilders, repair licensees and used vehicle dealers. Salvage vehicles are either damaged vehicles deemed a total loss for insurance or business purposes or are recovered stolen vehicles for which an insurance settlement with the vehicle owner has already been made. The Company operates 111 facilities in the United States and Canada. It also provides services in other locations through its national network of independent salvage vehicle processors.

NOTE: This press release contains forward-looking statements within the meaning of federal securities laws. Our actual results could differ materially from those projected in these forward-looking statements as a result of a number of factors, many of which are outside our control. Our VB(2) Internet sales model was introduced on a company-wide basis during the prior fiscal year and may not continue to have a favorable impact on our results of operations in future periods. Our business has become increasingly reliant on proprietary and non-proprietary technologies, and it is difficult to forecast with accuracy what impact these changes in our business model will have. We depend on a limited number of major suppliers of salvage vehicles. If we are unable to maintain these supply relationships, our revenues and operating results would be adversely affected. In addition, our revenues, operating results, financial condition, and growth rates are subject to numerous other risks, including our ability to complete and integrate new acquisitions, environmental and regulatory risks, and the other factors described under the caption "Factors That May Effect Future Results" in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We encourage investors to review these disclosures carefully.