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TheStreet Open House

Copart Releases New Mobile App For Online Vehicle Auctions

Stocks in this article: CPRT

Copart, Inc. (NASDAQ: CPRT), a global online vehicle auction company, today announced the recent launch of its newest version of Copart Mobile, a mobile application where buyers have the opportunity to attend Copart’s patented live auctions and bid from anywhere, anytime from any iOS device.

Released on January 29, 2013, Copart re-launched its iPhone app and added one of the industry’s first iPad-specific apps for download. The clean, new look of Copart Mobile combines an easy-to-use interface with full-screen vehicle images, vehicle dropdown menus, and an innovative live auction bidding experience.

“Copart buyers are showing tremendous interest in our new mobile apps,” said Copart’s Chief Executive Officer, Jay Adair, “especially for our new iPad app, which accounts for more than 30% of all of our mobile app traffic. We know how busy our buyers are, so our focus was on making a simple interface that would help save our buyers’ time. Now, buyers have more time to search, bid and win.”

Copart Mobile enables users to search for vehicles from virtually anywhere around the world, displaying search results on a map or in list form. Users can also add items to their watchlist, save searches and bid directly from their iPhone, iPad or iPod Touch. New users can register within the mobile app to save time.

“More than 90% of people who use our new app continue to use it daily,” Adair said. “That is the simplest way to gauge our customer’s satisfaction with our new mobile platform.”

Copart Mobile is available for download in Apple’s App Store. To learn more about Copart, visit www.copart.com.

ABOUT COPART:

Copart, founded in 1982, provides vehicle sellers with a full range of remarketing services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and, in some states, to end users. Copart remarkets the vehicles through Internet sales utilizing its patented VB 2 technology. Copart sells vehicles on behalf of insurance companies, banks, finance companies, fleet operators, dealers, car dealerships and others as well as cars sourced from the general public. The company currently operates 163 facilities in the United States, Canada, the United Kingdom, Brazil, Germany and the United Arab Emirates. 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. For more information, or to become a member, visit www.copart.com.



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