Copart and Keystone Announce National B2B Automobile Parts Initiative.

Business Editors

BENICIA, Calif.--(BUSINESS WIRE)--April 4, 2000

Copart, Inc. (NASDAQ: CPRT) and Keystone Automotive Industries, Inc. (NASDAQ: KEYS) today announced the signing of an exclusive marketing agreement between the companies.

Under the agreement Copart will market and accept orders for Keystone parts through its Copart.com website. The co-branded site will identify the vehicles that a buyer intends to or has purchased from Copart and will then show all parts available from Keystone to repair the given cars. The fully integrated Internet system will facilitate the ordering, payment and delivery of parts for the 100,000+ buyers that attend Copart's auctions annually in person and over the web. A buyer at Copart.com will not only be able to look at vehicles on-line to inspect damage and enter bids, but they will also be able to use the "order parts" button to buy parts from Keystone with just a click of a mouse.

"Over $500 million of the vehicles sold annually at Copart auctions are repaired," said A. Jayson Adair, Copart's President. "This new service will help our buyers quickly find the aftermarket parts they need at very competitive prices. In addition, we will offer them 'one-stop shopping' at Copart.com so they can bid on a car and buy the required parts in a seamless transaction.

"The agreement with Keystone is an important step in Copart's automobile parts e-strategy," continued Adair. "With this agreement, we offer our buyers a choice of recycled parts through CoPartfinder.com or aftermarket parts from Keystone. We believe that CoPartfinder.com is the largest single source of recycled automobile parts, which are also known as Like Kind Quality (LKQ) parts. Copart's 72 facilities today auction more than 20% of the late model salvaged vehicles that are dismantled and sold as LKQ parts. Now, with the addition of Keystone, the largest aftermarket parts provider, Copart, the largest salvage auction company, is solidifying its leadership role as the B2B website for the salvage and collision repair industries."

About Copart:

Founded in 1982, Copart provides vehicle suppliers - primarily insurance companies - with a full menu of services to process and sell salvage vehicles through auctions, principally to licensed dismantlers, rebuilders and used vehicle dealers. Salvage vehicles are either damaged vehicles deemed a total loss for insurance or business purposes, or recovered stolen vehicles for which an insurance settlement with the vehicle's owner has been made. Operating 72 facilities in 35 states, Copart also provides services to other geographic areas through its national network of independent salvage vehicle suppliers.

About Keystone:

Keystone Automotive Industries, Inc. distributes its products in the United States primarily to collision repair shops through its 118 distribution facilities, of which 22 serve as regional hubs. Its product lines consist of automotive body parts, bumpers, auto glass and remanufactured alloy wheels, as well as paint and other materials used in repairing a damaged vehicle. These products comprise more than 22,000 stock keeping units that are sold to more than 25,000 repair shops throughout the nation.

NOTE: Certain statements in this release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors and/or factors affecting future results detailed in the company's Securities and Exchange Commission reports, including variations in the company's operating results, the inability to continue to increase service fees, slowdowns in the timing or reduced size of future acquisitions and facility openings, the loss of vehicle suppliers or buyers, the announcement of new vehicle supply agreements by the company or its competitors, changes in regulations governing the company's operations or its vehicle suppliers, environmental problems or litigation.