Copart operates an online auction marketplace for salvage and total loss vehicles. The company primarily collects damaged vehicles from insurance companies, while also remarketing vehicles for banks, rental car companies, commercial fleets, and automotive dealers. Copart processes and stores these vehicles across an extensive network of physical facilities before auctioning them to a global buyer base consisting of vehicle dismantlers, rebuilders, used car dealers, and exporters. Copart operates predominantly on an agency model rather than owning vehicle inventory, earning fees from both sellers and buyers for towing, storage, title administration, and auction transactions. The company operates through two segments, the U.S. and International, with operations in North America, Europe, the Middle East, and Latin America. In addition to core salvage auctions, Copart remarkets commercial wholesale vehicles, heavy industrial equipment through Purple Wave, and powersports vehicles through National Powersports Auctions. Copart's growth strategy focuses on expanding its international salvage footprint, increasing its share of the dealer wholesale vehicle market, and deploying automated title processing and vehicle valuation technology.