Copart Expands in Florida.

FAIRFIELD, Calif. -- Copart, Inc. (Nasdaq:CPRT), the largest provider of vehicle salvage disposition services in the United States, today announced the opening of its ninth salvage facility in the state of Florida. Located in Hialeah, the new yard is a 22-acre greenfield facility and will add needed storage capacity in Florida.

"The Hialeah location was opened due to the abundance of assignment orders and contracts in the lower part of Florida," said Willis J. Johnson, Copart's Chief Executive Officer. "This will give us more capacity to accommodate these large volumes of vehicles so we can serve our insurance customers better."

Copart, founded in 1982, provides vehicle suppliers, primarily insurance companies, with a full range of services to process and sell salvage vehicles, principally to licensed dismantlers, rebuilders and used vehicle dealers, through Internet sales utilizing its proprietary VB2 technology. 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 116 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. These statements relate to market demand in the South Florida market and our ability to service customers. We cannot predict to what extent, if any, the opening of new facilities will have a favorable impact on our results of operations in future periods. Our business and operating results are subject to numerous risks, including risks relating to our dependence on a limited number of suppliers of salvage vehicles. If we are unable to maintain and expand these relationships, including in markets where we open new facilities, our revenues and operating results could be adversely affected. Our business and results of operations are also subject to numerous additional risks and uncertainties described in our most recent Annual Report on Form 10K and Quarterly Reports on Form 10-Q and other filings we make with the Securities and Exchange Commission. We encourage investors to review this information carefully.