Copart of Arkansas, Inc.

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Copart, located in Conway, Ark., provides vehicle suppliers, primarily to insurance companies, a full range of services to process and sell salvage vehicles 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 are recovered stolen vehicles for which an insurance settlement with the vehicle owner has already been made. The company s services expedite each stage of the salvage vehicle sale process, and aim to minimize administrative and processing costs. Copart generates revenues primarily from sale fees paid by vehicle suppliers and vehicle buyers, as well as related fees for services, such as towing and storage. The company operates more than 100 facilities in the United States and Canada.