Copart adds fourth Alabama location

Wednesday, February 11, 2009, 1:48pm PST
Copart adds fourth Alabama location

San Francisco Business Times - by Albert C. Pacciorini
Auto salvage giant Copart Inc. has opened its fourth Alabama site, in Montgomery, and its 146th site worldwide.

Copart (NASDAQ: CPRT) said the 20-acre site will serve the southeast corner of the state, decreasing cycle times and reducing storage and fuel costs for customers.

“Combined with our existing facilities in Birmingham, Huntsville and Mobile, this new location will allow Copart to take on additional business in Alabama,” Copart CEO and founder Willis J. Johnson said in a statement.

The Fairfield company, which was founded in 1982, acts as a middleman, auctioning vehicles for the public and business for parts and reuse to dismantlers, rebuilders, used vehicle dealers and exporters through daily online auctions.

It had 2008 revenue of $784.8 million and employs about 3,000.