<SEC-DOCUMENT>0001145443-14-000826.txt : 20140529
<SEC-HEADER>0001145443-14-000826.hdr.sgml : 20140529
<ACCEPTANCE-DATETIME>20140529060242
ACCESSION NUMBER:		0001145443-14-000826
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20140528
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140529
DATE AS OF CHANGE:		20140529

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COPART INC
		CENTRAL INDEX KEY:			0000900075
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
		IRS NUMBER:				942867490
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23255
		FILM NUMBER:		14874226

	BUSINESS ADDRESS:	
		STREET 1:		14185 DALLAS PARKWAY
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75254
		BUSINESS PHONE:		7076395000

	MAIL ADDRESS:	
		STREET 1:		14185 DALLAS PARKWAY
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75254
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d31410.htm
<DESCRIPTION>8-K
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
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<TITLE>SECURITIES AND EXCHANGE COMMISSION</TITLE>
<META NAME="author" CONTENT="Simon Rote">
<META NAME="date" CONTENT="05/28/2014">
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<BR></P>

<TABLE style="font-size:10pt" cellspacing=0 align=center width=100%>
<TR height=0 style="font-size:0"><TD width=144></TD><TD width=64></TD><TD NOWRAP STYLE="width: 34%"></TD><TD width=64></TD><TD width=144></TD></TR>
<TR><TD COLSPAN="5" STYLE="border-top: #000000 3px double; vertical-align: top; width: 100%"><P style="line-height:19pt; margin-top:9.467px; margin-bottom:0px; font-size:17pt" align=center><B>UNITED STATES </B></P>
<P style="line-height:19pt; margin-top:9.467px; margin-bottom:0px; font-size:17pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
</TD></TR>
<TR><TD COLSPAN="5" STYLE="vertical-align: top; width: 100%"><P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>Washington, D.C. 20549</B></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>____________________________________________</B></P>
</TD></TR>
<TR><TD COLSPAN="5" STYLE="vertical-align: top; width: 100%"><P style="line-height:19pt; margin-top:22.667px; margin-bottom:0px; font-size:17pt" align=center><B>FORM 8-K</B></P>
</TD></TR>
<TR><TD COLSPAN="5" STYLE="vertical-align: top; width: 100%"><P style="line-height:15pt; margin-top:17.333px; margin-bottom:0px; font-size:13pt" align=center><B>CURRENT REPORT</B></P>
</TD></TR>
<TR><TD COLSPAN="5" STYLE="vertical-align: top; width: 100%"><P style="line-height:15pt; margin:0px; font-size:13pt" align=center><B>Pursuant to Section&nbsp;13 or 15(d) of<BR>
the Securities Exchange Act of 1934</B></P>
</TD></TR>
<TR><TD valign=bottom width=144><P>&nbsp;</P></TD><TD COLSPAN="3" NOWRAP STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 50%"><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center><B>May 28, 2014</B></P>
</TD><TD valign=bottom width=144><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="5" STYLE="vertical-align: top; width: 100%"><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Date of Report (date of earliest event reported)</B></P>
</TD></TR>
<TR><TD COLSPAN="5" STYLE="vertical-align: top; width: 100%"><P style="margin-top:22.667px; margin-bottom:0px; padding-bottom:4px; " align=center><BR></P>
<P style="line-height:19pt; margin:0px; padding-bottom:4px; font-size:17pt; border-bottom:1px solid #000000" align=center><B>Copart, Inc.</B></P>
</TD></TR>
<TR><TD COLSPAN="5" STYLE="vertical-align: top; width: 100%"><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Exact name of Registrant as specified in its charter)</B></P>
</TD></TR>
<TR><TD COLSPAN="2" NOWRAP STYLE="vertical-align: top; width: 33%; border-bottom: Black 1pt solid"><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt" align=center><B>Delaware</B></P>
</TD><TD NOWRAP STYLE="vertical-align: top; width: 34%; border-bottom: Black 1pt solid"><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt" align=center><B>0-23255</B></P>
</TD><TD COLSPAN="2" NOWRAP STYLE="vertical-align: top; width: 33%; border-bottom: Black 1pt solid"><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt" align=center><B>94-2867490</B></P>
</TD></TR>
<TR><TD COLSPAN="2" NOWRAP STYLE="vertical-align: top; width: 33%"><P style="line-height:10pt; margin-top:0px; margin-bottom:2.667px; font-size:8pt" align=center><B>(State or other jurisdiction of<BR>
incorporation or organization)</B></P>
</TD><TD NOWRAP STYLE="vertical-align: top; width: 34%"><P style="line-height:10pt; margin-top:0px; margin-bottom:2.667px; font-size:8pt" align=center><B>(Commission File Number)</B></P>
</TD><TD COLSPAN="2" NOWRAP STYLE="vertical-align: top; width: 33%"><P style="line-height:10pt; margin-top:0px; margin-bottom:2.667px; font-size:8pt" align=center><B>(I.R.S. Employer<BR>
Identification Number)</B></P>
</TD></TR>
<TR><TD valign=bottom width=144><P>&nbsp;</P></TD><TD COLSPAN="3" NOWRAP STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 50%"><P style="line-height:11.6pt; margin-top:3.333px; margin-bottom:0px" align=center><B>14185 Dallas Parkway, Suite 300</B></P>
<P style="line-height:11.6pt; margin:0px" align=center><B>Dallas, Texas 75254</B></P>
</TD><TD valign=bottom width=144><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="5" STYLE="vertical-align: top; width: 100%"><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Address of principal executive offices)</B></P>
</TD></TR>
<TR><TD valign=bottom width=144><P>&nbsp;</P></TD><TD COLSPAN="3" NOWRAP STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 50%"><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center><B>(972) 391-5000</B></P>
</TD><TD valign=bottom width=144><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="5" STYLE="vertical-align: top; width: 100%"><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Registrant&#146;s telephone number, including area code)</B></P>
</TD></TR>
<TR><TD COLSPAN="5" STYLE="vertical-align: top; width: 100%"><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="5" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 100%"><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center><B>Not applicable</B></P>
</TD></TR>
<TR><TD COLSPAN="5" STYLE="vertical-align: top; width: 100%"><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Former name or former address, if changed since last report)</B></P>
</TD></TR>
<TR><TD COLSPAN="5" STYLE="vertical-align: top; width: 100%"><P style="margin-top:14.667px; margin-bottom:0px; font-size:11pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
</TD></TR>
<TR><TD COLSPAN="5" STYLE="vertical-align: top; width: 100%"><P style="margin:0px; font-size:11pt">[ &nbsp;] Written communication pursuant to Rule 425 under Section Act (17 CFR 230.425)</P>
</TD></TR>
<TR><TD COLSPAN="5" STYLE="vertical-align: top; width: 100%"><P style="line-height:13pt; margin:0px; font-size:11pt">[ &nbsp;]<B> </B>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
</TD></TR>
<TR><TD COLSPAN="5" STYLE="vertical-align: top; width: 100%"><P style="line-height:13pt; margin:0px; font-size:11pt">[ &nbsp;] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR<FONT style="font-family:Arial Unicode MS"> </FONT>240.14d-2(b)).</P>
</TD></TR>
<TR><TD COLSPAN="5" STYLE="border-bottom: #000000 3px double; vertical-align: top; width: 100%"><P style="line-height:13pt; margin:0px; font-size:11pt">[ &nbsp;] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)).<BR>
&nbsp;</P>
</TD></TR>
</TABLE>

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<P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>INFORMATION INCLUDED IN THIS REPORT</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt"><B>Section &nbsp;2 &#151; Financial Information</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-17.333px; font-family:Times New Roman; font-size:11pt"><B><I>Item 2.02</I></B></FONT></P>
<P style="line-height:13pt; margin:0px; text-indent:96px; font-size:11pt"><B><I>Results of Operations and Financial Condition</I></B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; text-indent:32.667px; font-size:11pt">The following information is intended to be furnished under Item 2.02 of Form 8-K, &#147;Results of Operations and Financial Condition.&#148; This information shall not be deemed &#147;filed&#148; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of this report, regardless of any general incorporation language in the filing.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; text-indent:32.667px; font-size:11pt">On May 28, 2014, Copart, Inc. issued a press release announcing its financial results for the third quarter of fiscal year 2014 which ended April 30, 2014. The full text of the press release is furnished herewith as <U>Exhibit 99.1</U>.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt"><B>Section 9 &#151; Financial Statements and Exhibits </B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-17.333px; font-size:11pt"><B><I>Item 9.01</I></B></P>
<P style="line-height:13pt; margin:0px; text-indent:72px; font-size:11pt"><B><I>Financial Statements and Exhibits</I></B></P>
<P style="margin:0px; font-family:Arial Unicode MS; font-size:11pt">&nbsp;</P>

<TABLE style="font-size:10pt" cellspacing=0 width=100%>
<TR height=0 style="font-size:0"><TD NOWRAP STYLE="width: 34.26px"></TD><TD NOWRAP STYLE="width: 18.2px"></TD><TD width=6.067></TD><TD NOWRAP STYLE="width: 90%"></TD></TR>
<TR><TD NOWRAP STYLE="width: 34.26px"><P style="margin:0px; font-size:11pt">&nbsp;</P>
</TD><TD NOWRAP STYLE="vertical-align: top; width: 18.2px"><P style="line-height:13pt; margin:0px; font-size:11pt">(d)</P>
</TD><TD valign=top width=6.067><P style="margin:0px; font-size:11pt">&nbsp;</P>
</TD><TD NOWRAP STYLE="vertical-align: top; width: 90%"><P style="line-height:13pt; margin:0px; font-size:11pt">Exhibits </P>
</TD></TR>
</TABLE>

<P style="margin:0px; font-family:Arial Unicode MS; font-size:11pt">&nbsp;</P>
<P style="line-height:13pt; margin:0px; text-indent:32.667px; font-size:11pt">The following exhibit is furnished herewith: </P>
<P style="margin:0px; font-family:Arial Unicode MS; font-size:11pt">&nbsp;</P>

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<TR height=0 style="font-size:0"><TD NOWRAP STYLE="width: 56.73px"></TD><TD></TD></TR>
<TR><TD NOWRAP STYLE="vertical-align: top; width: 56.73px"><P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>Exhibit<BR><U>Number</U></B></P>
</TD><TD STYLE="vertical-align: top"><P style="margin:0px" align=center><BR></P>
<P style="line-height:13pt; margin:0px; text-indent:48px; font-size:11pt"><B><U>Description</U></B></P>
</TD></TR>
<TR><TD NOWRAP STYLE="vertical-align: top; width: 56.73px"><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center>99.1</P>
</TD><TD STYLE="vertical-align: top"><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; padding-left:48px; font-size:11pt">Press release, dated May 28, 2014 of Copart, Inc. announcing its financial results for the third quarter of fiscal year 2014 which ended April 30, 2014.</P>
</TD></TR>
</TABLE>

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<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center>SIGNATURES</P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; text-indent:48px; font-size:11pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </P>
<P style="margin-top:14.667px; margin-bottom:0px" align=center><BR></P>

<TABLE style="font-size:10pt" cellspacing=0 width=100%>
<TR height=0 style="font-size:0"><TD NOWRAP></TD><TD NOWRAP STYLE="width: 33.2px"></TD><TD NOWRAP STYLE="width: 212.8px"></TD></TR>
<TR><TD NOWRAP STYLE="vertical-align: top"><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt">Dated: May 28, 2014 </P>
</TD><TD COLSPAN="2" NOWRAP STYLE="vertical-align: top"><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt"><B>Copart, Inc.</B></P>
</TD></TR>
<TR><TD NOWRAP STYLE="vertical-align: top"><P>&nbsp;</P></TD><TD COLSPAN="2" NOWRAP STYLE="vertical-align: top"><P>&nbsp;</P></TD></TR>
<TR><TD NOWRAP STYLE="vertical-align: top"><P>&nbsp;</P></TD><TD NOWRAP STYLE="vertical-align: top; width: 33.2px"><P style="line-height:13pt; margin:0px; font-size:11pt">By:</P>
</TD><TD NOWRAP STYLE="border-bottom: #000000 1px solid; vertical-align: top; width: 212.8px"><P style="line-height:13pt; margin:0px; font-size:11pt">/s/ William E. Franklin</P>
</TD></TR>
<TR><TD NOWRAP STYLE="vertical-align: top"><P>&nbsp;</P></TD><TD NOWRAP STYLE="vertical-align: top; width: 33.2px"><P>&nbsp;</P></TD><TD NOWRAP STYLE="vertical-align: top; width: 212.8px"><P style="line-height:13pt; margin:0px; font-size:11pt">William E. Franklin</P>
</TD></TR>
<TR><TD NOWRAP STYLE="vertical-align: top"><P>&nbsp;</P></TD><TD NOWRAP STYLE="vertical-align: top; width: 33.2px"><P>&nbsp;</P></TD><TD NOWRAP STYLE="vertical-align: top; width: 212.8px"><P style="line-height:13pt; margin:0px; font-size:11pt">Executive Vice President and</P>
</TD></TR>
<TR><TD NOWRAP STYLE="vertical-align: top"><P>&nbsp;</P></TD><TD NOWRAP STYLE="vertical-align: top; width: 33.2px"><P>&nbsp;</P></TD><TD NOWRAP STYLE="vertical-align: top; width: 212.8px"><P style="line-height:13pt; margin:0px; font-size:11pt">Chief Financial Officer</P>
</TD></TR>
</TABLE>


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<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center><B>INDEX TO EXHIBITS</B></P>

<TABLE style="font-size:10pt" cellspacing=0 width=100%>
<TR height=0 style="font-size:0"><TD NOWRAP STYLE="width: 66px"></TD><TD></TD></TR>
<TR><TD NOWRAP STYLE="vertical-align: top; width: 66px"><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt">Exhibit </P>
</TD><TD STYLE="vertical-align: top"><P>&nbsp;</P></TD></TR>
<TR><TD NOWRAP STYLE="vertical-align: top; width: 66px"><P style="line-height:13pt; margin:0px; font-size:11pt"><U>Number</U> </P>
</TD><TD STYLE="vertical-align: top"><P style="line-height:13pt; margin:0px; font-size:11pt"><U>Description</U></P>
</TD></TR>
<TR><TD NOWRAP STYLE="vertical-align: top; width: 66px"><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt">99.1 </P>
</TD><TD STYLE="vertical-align: top"><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt">Press release, dated May 28, 2014, of Copart, Inc. announcing its financial results for the third quarter of fiscal year 2014 which ended April 30, 2014.</P>
</TD></TR>
</TABLE>

<P style="margin-top:14.667px; margin-bottom:0px"><BR></P>


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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d31410_ex99-1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
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<HEAD>
<TITLE>Press Release Draft 4 &nbsp;(00003332.DOC;1)</TITLE>
<META NAME="author" CONTENT="Rob Foss">
<META NAME="date" CONTENT="05/28/2014">
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<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
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<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:14pt" align=center><B>Copart, Inc.</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">For Immediate Release</P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center><B>Copart Reports Third Quarter Fiscal 2014 Financial Results</B></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>Dallas, Texas. (May 28, 2014) &#151; Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended April 30, 2014.</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>&nbsp;</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>For the three months ended April 30, 2014, revenue, gross margin and net income were $309.7 million, $132.3 million and $40.9 million, respectively. These represent increases in revenue of $32.1 million, or 11.6%; and in gross margin of $16.7 million, or 14.4%; and a decrease in net income of $12.4 million, or 23.2%, respectively, from the same quarter last year. Fully diluted earnings per share for the three months were $0.31 compared to $0.41 last year, a decrease of 24.4%.</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>For the nine months ended April 30, 2014, revenue, gross margin and net income were $876.0 million, $351.6 million and $127.6 million, respectively. These represent increases in revenue of $93.4 million, or 11.9%; and in gross margin of $33.8 million, or 10.6%; and a decrease in net income of $11.1 million, or 8.0%, respectively, from the same period last year. Fully diluted earnings per share for the nine months were $0.97 compared to $1.07 last year, a decrease of 9.3%.</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>Included in operating results of the current quarter is an impairment charge of $29.1 million. In a prior fiscal year, the Company initiated the development of a third-party enterprise operating system to address its international expansion needs and to eventually replace its proprietary operating system, which is currently utilized in the United States, Canada, the United Kingdom and the United Arab Emirates. During the quarter, the Company reassessed this strategy based on the projected cost to complete, deployment risk and certain other factors. As a result of this assessment, the Company decided to cease development of the third-party enterprise operating system and address its international technology needs through an internally-developed proprietary solution. Accordingly, during the quarter, the Company recognized an impairment charge resulting primarily from the abandonment of work previously capitalized in connection with the development of the third-party solution. </P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>Included in the operating results of the third quarter of the prior fiscal year were the incremental revenues and operating expenses associated with incremental unit volume generated by Hurricane Sandy, which were estimated to be $12.7 million and $7.2 million, respectively. </P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>Excluding the impacts of the impairment charge during the current quarter and the effects of Hurricane Sandy during the same quarter last year, for the three months ended April 30, 2014, non-GAAP revenue, gross margin and net income were $309.7 million, $132.3 million and $60.3 million, respectively. These represent increases in non-GAAP revenue of $44.8 million, or 16.9%; in non-GAAP gross margin of $22.1 million, or 20.1%; and in non-GAAP net income of $10.6 million, or 21.4%, respectively, from the non-GAAP results from the same quarter last year. Non-GAAP fully diluted earnings per share for the three months were $0.46 compared to $0.38 last year, an increase of 21.1%. A reconciliation of non-GAAP financial measures to the most directly comparable financial measures computed in accordance with U.S. generally accepted accounting principles (GAAP) can be found in the tables attached to this press release.</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>- 1 -</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>Copart, Inc. ~ 14185 Dallas Parkway, Suite 300, Dallas, Texas 75254 ~ (972) 391-5000</P>

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<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:14pt" align=center><B>Copart, Inc.</B></P>
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<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>For the nine months ended April 30, 2014, non-GAAP revenue, gross margin and net income were $876.0 million, $351.6 million and $146.6 million, respectively. These represent increases in non-GAAP revenue of $124.5 million, or 16.6%; in non-GAAP gross margin of $29.4 million, or 9.1%; and in non-GAAP net income of $5.0 million, or 3.5%, respectively, from the non-GAAP results from the same period last year. Non-GAAP fully diluted earnings per share for the nine months were $1.12 compared to $1.09 last year, an increase of 2.8%.</P>
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<P STYLE="font: 11pt/13pt Arial; margin: 0px; text-align: justify">On Thursday, May 29, 2014, at 11 a.m. Eastern time, Copart will conduct a conference call to discuss the results for the quarter. The call will be webcast live at <FONT style="color:#0000FF"><U>http://64.202.98.81/conferenceamerica</U></FONT>. A replay of the call will be available through July 28, 2014 by calling (877) 919-4059. Use confirmation code #17312559.</FONT></P>
<P style="line-height:13pt; margin-top:6.133px; margin-bottom:6.133px; font-family:Arial; font-size:11pt"><B>About Copart</B></P>
<P STYLE="font: 11pt/13pt Arial; margin: 0px; text-align: justify">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 VB3 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 in the United States and Canada (<FONT style="color:#0000FF"><U>www.copart.com</U></FONT>), the United Kingdom (<FONT style="color:#0000FF"><U>www.copart.co.uk</U></FONT>), Brazil (<FONT style="color:#0000FF"><U>www.copart.com.br</U></FONT>), Germany (<FONT style="color:#0000FF"><U>www.copart.de</U></FONT>), the United Arab Emirates (<FONT style="color:#0000FF"><U>www.copart.ae</U></FONT>) and Spain (<FONT style="color:#0000FF"><U>www.autoresiduos.com</U></FONT>). Copart links sellers to more than 750,000 members in over 140 countries worldwide through our online multi-channel platform. For more information or to become a member, visit <FONT style="color:#0000FF"><U>www.copart.com</U></FONT>.</P>
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<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>- 2 -</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>Copart, Inc. ~ 14185 Dallas Parkway, Suite 300, Dallas, Texas 75254 ~ (972) 391-5000</P>

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<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:14pt" align=center><B>Copart, Inc.</B></P>
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<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify><B>Use of Non-GAAP Financial Measures</B></P>
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<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>Included in this release are certain non-GAAP financial measures, including non-GAAP revenue, non-GAAP gross margin, non-GAAP net income and non-GAAP net income per diluted share, which reflect the impact of an impairment charge in the quarter ended April 30, 2014, and revenues and expenses associated with salvage cars processed as a result of Hurricane Sandy. These non-GAAP financial measures do not represent alternative financial measures under GAAP. In addition, these non-GAAP financial measures may be different from non-GAAP financial measures used by other companies. Furthermore, these non-GAAP financial measures do not reflect a comprehensive view of Copart&#146;s operations in accordance with GAAP and should only be read in conjunction with the corresponding GAAP financial measures. This information constitutes non-GAAP financial measures within the meaning of Regulation G adopted by the U.S. Securities and Exchange Commission. Accordingly, Copart has presented herein, and will present in other information it publishes that contains these non-GAAP financial measures, a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures.</P>
<P style="line-height:13pt; margin-top:6.133px; margin-bottom:6.133px; font-family:Arial; font-size:11pt" align=justify>Copart believes the presentation of non-GAAP revenue, non-GAAP gross margin, non-GAAP net income and non-GAAP net income per diluted share included in this release in conjunction with the corresponding GAAP financial measures provides meaningful information for investors, analysts and management in assessing Copart&#146;s business trends and financial performance. From a financial planning and analysis perspective, Copart management analyzes its operating results with and without the impact of impairment charges and the effects of Hurricane Sandy.</P>
<P style="line-height:13pt; margin-top:6.133px; margin-bottom:6.133px; font-family:Arial; font-size:11pt" align=justify><B>Cautionary Note About Forward-Looking Statements</B></P>
<P style="line-height:13pt; margin-top:6.133px; margin-bottom:6.133px; font-family:Arial; font-size:11pt" align=justify>This press release contains forward-looking statements within the meaning of federal securities laws, and these forward-looking statements are subject to substantial risks and uncertainties. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected or implied by our statements and comments. For a more complete discussion of the risks that could affect our business, please review the &#147;Management's Discussion and Analysis&#148; and the other risks identified in Copart&#146;s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. We encourage investors to review these disclosures carefully.&nbsp;We do not undertake to update any forward-looking statement that may be made from time to time on our behalf. </P>
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<TR><TD NOWRAP STYLE="vertical-align: top; width: 84px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">Contact:</P>
</TD><TD STYLE="vertical-align: top"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">Carol Morrison, Assistant to the Executive Vice President</P>
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<TR><TD NOWRAP STYLE="vertical-align: top; width: 84px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: top"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">(972) 391-5302</P>
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<TR><TD NOWRAP STYLE="vertical-align: top; width: 84px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: top"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">carol.morrison@copart.com</P>
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<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>- 3 -</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>Copart, Inc. ~ 14185 Dallas Parkway, Suite 300, Dallas, Texas 75254 ~ (972) 391-5000</P>

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<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:14pt" align=center><B>Copart, Inc.</B></P>
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<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:12pt" align=center><B>Condensed </B><FONT style="font-size:11pt"><B>Consolidated Statements of Income </B></FONT></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>&nbsp;(Unaudited)</P>
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<TR height=0 style="font-size:0"><TD></TD><TD width=2></TD><TD width=10.933></TD><TD width=2.667></TD><TD width=65.867></TD><TD width=10.533></TD><TD width=13.2></TD><TD width=63.067></TD><TD width=15.2></TD><TD width=8.8></TD><TD width=2></TD><TD width=1.867></TD><TD width=71.467></TD><TD width=6.4></TD><TD width=13.733></TD><TD width=64></TD><TD width=12.4></TD></TR>
<TR><TD NOWRAP STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD NOWRAP STYLE="vertical-align: bottom; width: 2px"><P>&nbsp;</P></TD><TD COLSPAN="6" NOWRAP STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 166.26px"><P style="margin:0px; font-family:Arial" align=center><B>Three months ended<BR>April 30,</B></P>
</TD><TD NOWRAP STYLE="vertical-align: bottom; width: 15.2px"><P>&nbsp;</P></TD><TD COLSPAN="7" NOWRAP STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 168.26px"><P style="margin:0px; font-family:Arial" align=center><B>Nine months ended</B><BR><B>April 30,</B></P>
</TD><TD NOWRAP STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD></TR>
<TR><TD NOWRAP STYLE="vertical-align: bottom"><P style="margin:0px; font-family:Arial"><U>(In thousands, except per share data)</U></P>
</TD><TD NOWRAP STYLE="vertical-align: bottom; width: 2px"><P>&nbsp;</P></TD><TD COLSPAN="3" NOWRAP STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 79.46px"><P style="margin:0px; font-family:Arial" align=center><B>2014</B></P>
</TD><TD NOWRAP STYLE="vertical-align: bottom; width: 10.53px"><P>&nbsp;</P></TD><TD COLSPAN="2" NOWRAP STYLE="vertical-align: bottom; width: 76.26px"><P style="margin:0px; font-family:Arial" align=center><B>2013</B></P>
</TD><TD NOWRAP STYLE="vertical-align: bottom; width: 15.2px"><P>&nbsp;</P></TD><TD COLSPAN="4" NOWRAP STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 84.13px"><P style="margin:0px; font-family:Arial" align=center><B>2014</B></P>
</TD><TD NOWRAP STYLE="vertical-align: bottom; width: 6.4px"><P>&nbsp;</P></TD><TD COLSPAN="2" NOWRAP STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 77.73px"><P style="margin:0px; font-family:Arial" align=center><B>2013</B></P>
</TD><TD NOWRAP STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Service revenues and vehicle sales:</P>
</TD><TD style="background-color:#CCEEFF; border-top:1px solid #000000" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=10.933><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=68.533 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=10.533><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-top:1px solid #000000" valign=bottom width=13.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-top:1px solid #000000" valign=bottom width=63.067><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=8.8><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=75.333 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=6.4><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=13.733><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=64><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service revenues</P>
</TD><TD valign=bottom width=2><P>&nbsp;</P></TD><TD valign=bottom width=10.933><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=68.533 colspan=2><P style="margin:0px; font-family:Arial" align=right>255,045</P>
</TD><TD valign=bottom width=10.533><P>&nbsp;</P></TD><TD valign=bottom width=13.2><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=63.067><P style="margin:0px; font-family:Arial" align=right>223,977</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD valign=bottom width=8.8><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=75.333 colspan=3><P style="margin:0px; font-family:Arial" align=right>717,140</P>
</TD><TD valign=bottom width=6.4><P>&nbsp;</P></TD><TD valign=bottom width=13.733><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=64><P style="margin:0px; font-family:Arial" align=right>636,076</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vehicle sales</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=10.933><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=68.533 colspan=2><P style="margin:0px; font-family:Arial" align=right>54,677</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=10.533><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=13.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=63.067><P style="margin:0px; font-family:Arial" align=right>53,661</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=8.8><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=75.333 colspan=3><P style="margin:0px; font-family:Arial" align=right>158,899</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.4><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=13.733><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=64><P style="margin:0px; font-family:Arial" align=right>146,613</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total service revenues and vehicle</P>
<P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;sales</P>
</TD><TD valign=bottom width=2><P>&nbsp;</P></TD><TD valign=bottom width=10.933><P>&nbsp;</P></TD><TD valign=bottom width=68.533 colspan=2><P style="margin:0px; font-family:Arial" align=right>309,722</P>
</TD><TD valign=bottom width=10.533><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=13.2><P>&nbsp;</P></TD><TD valign=bottom width=63.067><P style="margin:0px; font-family:Arial" align=right>277,638</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD valign=bottom width=8.8><P>&nbsp;</P></TD><TD valign=bottom width=75.333 colspan=3><P style="margin:0px; font-family:Arial" align=right>876,039</P>
</TD><TD valign=bottom width=6.4><P>&nbsp;</P></TD><TD valign=bottom width=13.733><P>&nbsp;</P></TD><TD valign=bottom width=64><P style="margin:0px; font-family:Arial" align=right>782,689</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Operating costs and expenses:</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=79.467 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=10.533><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=76.267 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=4><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=6.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=77.733 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Yard operations</P>
</TD><TD valign=bottom width=2><P>&nbsp;</P></TD><TD valign=bottom width=79.467 colspan=3><P style="margin:0px; font-family:Arial" align=right>123,097</P>
</TD><TD valign=bottom width=10.533><P>&nbsp;</P></TD><TD valign=bottom width=76.267 colspan=2><P style="margin:0px; font-family:Arial" align=right>105,648</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=4><P style="margin:0px; font-family:Arial" align=right>360,744</P>
</TD><TD valign=bottom width=6.4><P>&nbsp;</P></TD><TD valign=bottom width=77.733 colspan=2><P style="margin:0px; font-family:Arial" align=right>310,169</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Cost of vehicle sales </P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=79.467 colspan=3><P style="margin:0px; font-family:Arial" align=right>46,263</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=10.533><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=76.267 colspan=2><P style="margin:0px; font-family:Arial" align=right>45,631</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=4><P style="margin:0px; font-family:Arial" align=right>135,996</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.4><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=77.733 colspan=2><P style="margin:0px; font-family:Arial" align=right>124,146</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Yard depreciation and amortization</P>
</TD><TD valign=bottom width=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=79.467 colspan=3><P style="margin:0px; font-family:Arial" align=right>8,110</P>
</TD><TD valign=bottom width=10.533><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.267 colspan=2><P style="margin:0px; font-family:Arial" align=right>10,762</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84.133 colspan=4><P style="margin:0px; font-family:Arial" align=right>27,665</P>
</TD><TD valign=bottom width=6.4><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=77.733 colspan=2><P style="margin:0px; font-family:Arial" align=right>30,524</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:40px; text-indent:20px; font-family:Arial">Gross margin</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=79.467 colspan=3><P style="margin:0px; font-family:Arial" align=right>132,252</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=10.533><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=76.267 colspan=2><P style="margin:0px; font-family:Arial" align=right>115,597</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=4><P style="margin:0px; font-family:Arial" align=right>351,634</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.4><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=77.733 colspan=2><P style="margin:0px; font-family:Arial" align=right>317,850</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial" align=justify>General and administrative</P>
</TD><TD valign=bottom width=2><P>&nbsp;</P></TD><TD valign=bottom width=79.467 colspan=3><P style="margin:0px; font-family:Arial" align=right>35,856</P>
</TD><TD valign=bottom width=10.533><P>&nbsp;</P></TD><TD valign=bottom width=76.267 colspan=2><P style="margin:0px; font-family:Arial" align=right>28,750</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=4><P style="margin:0px; font-family:Arial" align=right>110,770</P>
</TD><TD valign=bottom width=6.4><P>&nbsp;</P></TD><TD valign=bottom width=77.733 colspan=2><P style="margin:0px; font-family:Arial" align=right>86,186</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:26.867px; font-family:Arial" align=justify>General and administrative depreciation and amortization</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=79.467 colspan=3><P style="margin:0px; font-family:Arial" align=right>4,659</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=10.533><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=76.267 colspan=2><P style="margin:0px; font-family:Arial" align=right>4,034</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=4><P style="margin:0px; font-family:Arial" align=right>12,684</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.4><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=77.733 colspan=2><P style="margin:0px; font-family:Arial" align=right>11,724</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.867px; font-family:Arial" align=justify>Impairment of long-lived assets</P>
</TD><TD valign=bottom width=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=79.467 colspan=3><P style="margin:0px; font-family:Arial" align=right>29,104</P>
</TD><TD valign=bottom width=10.533><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.267 colspan=2><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84.133 colspan=4><P style="margin:0px; font-family:Arial" align=right>29,104</P>
</TD><TD valign=bottom width=6.4><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=77.733 colspan=2><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:80px; text-indent:-13.333px; font-family:Arial">Total operating expenses</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=79.467 colspan=3><P style="margin:0px; font-family:Arial" align=right>247,089</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=10.533><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=76.267 colspan=2><P style="margin:0px; font-family:Arial" align=right>194,825</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=84.133 colspan=4><P style="margin:0px; font-family:Arial" align=right>676,963</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.4><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=77.733 colspan=2><P style="margin:0px; font-family:Arial" align=right>562,749</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:80px; text-indent:-13.333px; font-family:Arial">Operating income</P>
</TD><TD valign=bottom width=2><P>&nbsp;</P></TD><TD valign=bottom width=79.467 colspan=3><P style="margin:0px; font-family:Arial" align=right>62,633</P>
</TD><TD valign=bottom width=10.533><P>&nbsp;</P></TD><TD valign=bottom width=76.267 colspan=2><P style="margin:0px; font-family:Arial" align=right>82,813</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=4><P style="margin:0px; font-family:Arial" align=right>199,076</P>
</TD><TD valign=bottom width=6.4><P>&nbsp;</P></TD><TD valign=bottom width=77.733 colspan=2><P style="margin:0px; font-family:Arial" align=right>219,940</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Other (expense) income:</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=79.467 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=10.533><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=76.267 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=4><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=6.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=77.733 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Interest expense, net</P>
</TD><TD valign=bottom width=2><P>&nbsp;</P></TD><TD valign=bottom width=79.467 colspan=3><P style="margin:0px; font-family:Arial" align=right>(2,023</P>
</TD><TD valign=bottom width=10.533><P style="margin:0px; font-family:Arial">)</P>
</TD><TD valign=bottom width=76.267 colspan=2><P style="margin:0px; font-family:Arial" align=right>(2,400</P>
</TD><TD valign=bottom width=15.2><P style="margin:0px; font-family:Arial">)</P>
</TD><TD valign=bottom width=84.133 colspan=4><P style="margin:0px; font-family:Arial" align=right>(6,226</P>
</TD><TD valign=bottom width=6.4><P style="margin:0px; font-family:Arial">)</P>
</TD><TD valign=bottom width=77.733 colspan=2><P style="margin:0px; font-family:Arial" align=right>(7,273</P>
</TD><TD valign=bottom width=12.4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)&nbsp;</P>
</TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Other income</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=79.467 colspan=3><P style="margin:0px; font-family:Arial" align=right>708</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=10.533><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=76.267 colspan=2><P style="margin:0px; font-family:Arial" align=right>1,592</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=84.133 colspan=4><P style="margin:0px; font-family:Arial" align=right>3,301</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.4><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=77.733 colspan=2><P style="margin:0px; font-family:Arial" align=right>2,043</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:80px; text-indent:-13.333px; font-family:Arial">Total other expense</P>
</TD><TD valign=bottom width=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=79.467 colspan=3><P style="margin:0px; font-family:Arial" align=right>(1,315</P>
</TD><TD valign=bottom width=10.533><P style="margin:0px; font-family:Arial">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.267 colspan=2><P style="margin:0px; font-family:Arial" align=right>(808</P>
</TD><TD valign=bottom width=15.2><P style="margin:0px; font-family:Arial">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84.133 colspan=4><P style="margin:0px; font-family:Arial" align=right>(2,925</P>
</TD><TD valign=bottom width=6.4><P style="margin:0px; font-family:Arial">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=77.733 colspan=2><P style="margin:0px; font-family:Arial" align=right>(5,230</P>
</TD><TD valign=bottom width=12.4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)&nbsp;</P>
</TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:80px; text-indent:-13.333px; font-family:Arial">Income before income taxes</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=79.467 colspan=3><P style="margin:0px; font-family:Arial" align=right>61,318</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=10.533><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=76.267 colspan=2><P style="margin:0px; font-family:Arial" align=right>82,005</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=4><P style="margin:0px; font-family:Arial" align=right>196,151</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.4><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=77.733 colspan=2><P style="margin:0px; font-family:Arial" align=right>214,710</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Income taxes</P>
</TD><TD valign=bottom width=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=79.467 colspan=3><P style="margin:0px; font-family:Arial" align=right>20,441</P>
</TD><TD valign=bottom width=10.533><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.267 colspan=2><P style="margin:0px; font-family:Arial" align=right>28,769</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84.133 colspan=4><P style="margin:0px; font-family:Arial" align=right>68,507</P>
</TD><TD valign=bottom width=6.4><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=77.733 colspan=2><P style="margin:0px; font-family:Arial" align=right>75,989</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income </P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=10.933><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=68.533 colspan=2><P style="margin:0px; font-family:Arial" align=right>40,877</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=10.533><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=13.2><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=63.067><P style="margin:0px; font-family:Arial" align=right>53,236</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=12.667 colspan=3><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=71.467><P style="margin:0px; font-family:Arial" align=right>127,644</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.4><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=13.733><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=64><P style="margin:0px; font-family:Arial" align=right>138,721</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Earnings per share-basic</P>
</TD><TD valign=bottom width=2><P>&nbsp;</P></TD><TD valign=bottom width=10.933><P>&nbsp;</P></TD><TD valign=bottom width=68.533 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=10.533><P>&nbsp;</P></TD><TD valign=bottom width=13.2><P>&nbsp;</P></TD><TD valign=bottom width=63.067><P>&nbsp;</P></TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD valign=bottom width=12.667 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P>&nbsp;</P></TD><TD valign=bottom width=6.4><P>&nbsp;</P></TD><TD valign=bottom width=13.733><P>&nbsp;</P></TD><TD valign=bottom width=64><P>&nbsp;</P></TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic net income per share</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=10.933><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=68.533 colspan=2><P style="margin:0px; padding-left:5.933px; font-family:Arial" align=right>0.32</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=10.533><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=13.2><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=63.067><P style="margin:0px; font-family:Arial" align=right>0.42</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=10.8 colspan=2><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=73.333 colspan=2><P style="margin:0px; font-family:Arial" align=right>1.02</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.4><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=13.733><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=64><P style="margin:0px; font-family:Arial" align=right>1.11</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD valign=bottom width=2><P>&nbsp;</P></TD><TD valign=bottom width=79.467 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=10.533><P>&nbsp;</P></TD><TD valign=bottom width=76.267 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=4><P>&nbsp;</P></TD><TD valign=bottom width=6.4><P>&nbsp;</P></TD><TD valign=bottom width=77.733 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Weighted average common shares outstanding</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=79.467 colspan=3><P style="margin:0px; font-family:Arial" align=right>125,794</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=10.533><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=76.267 colspan=2><P style="margin:0px; font-family:Arial" align=right>125,270</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=84.133 colspan=4><P style="margin:0px; font-family:Arial" align=right>125,604</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.4><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=77.733 colspan=2><P style="margin:0px; font-family:Arial" align=right>124,755</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD valign=bottom width=2><P>&nbsp;</P></TD><TD valign=bottom width=79.467 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=10.533><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=76.267 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=15.2><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=84.133 colspan=4><P>&nbsp;</P></TD><TD valign=bottom width=6.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=77.733 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Earnings per share-diluted</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=13.6 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=65.867><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=10.533><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=13.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=63.067><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12.667 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=71.467><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=6.4><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=13.733><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=64><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:20px; font-family:Arial">Diluted net income per share</P>
</TD><TD valign=bottom width=2><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13.6 colspan=2><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=65.867><P style="margin:0px; font-family:Arial" align=right>0.31</P>
</TD><TD valign=bottom width=10.533><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13.2><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=63.067><P style="margin:0px; font-family:Arial" align=right>0.41</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12.667 colspan=3><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=71.467><P style="margin:0px; font-family:Arial" align=right>0.97</P>
</TD><TD valign=bottom width=6.4><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13.733><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=64><P style="margin:0px; font-family:Arial" align=right>1.07</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Diluted weighted average common shares outstanding</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=79.467 colspan=3><P style="margin:0px; font-family:Arial" align=right>131,486</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=10.533><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=76.267 colspan=2><P style="margin:0px; font-family:Arial" align=right>130,530</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=84.133 colspan=4><P style="margin:0px; font-family:Arial" align=right>131,095</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.4><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=77.733 colspan=2><P style="margin:0px; font-family:Arial" align=right>129,502</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.4><P>&nbsp;</P></TD></TR>
</TABLE>

<P style="line-height:13pt; margin:0px" align=center><BR></P>
<P style="line-height:13pt; margin:0px" align=center><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>- 4 -</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>Copart, Inc. ~ 14185 Dallas Parkway, Suite 300, Dallas, Texas 75254 ~ (972) 391-5000</P>

<P style="margin:0px" align=center><BR></P>

<HR NOSHADE SIZE="5">

<PAGE>

<P style="margin:0px" align=center><BR></P>

<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:14pt" align=center><B>Copart, Inc.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center><B>Condensed Consolidated Balance Sheets </B></P>
<P style="line-height:13pt; margin:0px" align=center><BR></P>
<P style="line-height:13pt; margin:0px" align=center><BR></P>

<TABLE style="font-size:10pt" cellspacing=0 width=100%>
<TR height=0 style="font-size:0"><TD></TD><TD></TD><TD width=18></TD><TD width=12></TD><TD width=96.067></TD><TD width=12></TD><TD width=11.867></TD><TD width=72.133></TD><TD width=17.867></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="margin:0px; font-family:Arial"><U>(In thousands)</U></P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=108.067 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center><B>April 30,</B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center><B>&nbsp;2014</B></P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center><B>July&nbsp;31, </B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center><B>2013</B></P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=center>(Unaudited)</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt" align=center><B>ASSETS</B></P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Current assets:</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Cash and cash equivalents</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>132,832</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=11.867><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=72.133><P style="margin:0px; font-family:Arial" align=right>63,631</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Accounts receivable, net</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>192,610</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>182,714</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Vehicle pooling costs and inventories</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>32,216</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>31,202</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Income taxes receivable</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>3,358</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>9,416</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Deferred income taxes</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>4,950</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>2,216</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Prepaid expenses and other assets</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>18,443</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>15,344</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Assets held for sale</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>1,345</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>1,929</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Total current assets</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>385,754</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>306,452</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Property and equipment, net</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>685,707</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>677,517</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Goodwill and intangibles, net</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>313,437</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>285,169</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Deferred income taxes</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>33,971</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>30,117</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Other assets</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>57,803</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>35,226</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Total assets</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>1,476,672</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.867><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=72.133><P style="margin:0px; font-family:Arial" align=right>1,334,481</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt" align=center><B>LIABILITIES AND STOCKHOLDERS&#146; EQUITY</B></P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Current liabilities:</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Accounts payable and accrued liabilities</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>164,218</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=11.867><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=72.133><P style="margin:0px; font-family:Arial" align=right>136,648</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Bank overdraft</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>16,291</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Deferred revenue</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>5,146</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>4,832</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Income taxes payable</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>11,207</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>4,741</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Current portion of long-term debt and capital lease obligations</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>76,171</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>76,047</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Total current liabilities</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>256,742</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>238,559</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Deferred income taxes</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>7,494</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>8,071</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Income taxes payable</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>25,378</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>23,091</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Long-term debt and capital lease obligations</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>242,106</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>296,410</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Other liabilities</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>5,191</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>5,949</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Total liabilities</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>536,911</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>572,080</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Commitments and contingencies</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Stockholders&#146; equity:</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Preferred stock</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Common stock</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>13</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>13</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Additional paid-in capital</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>393,225</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>368,769</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Accumulated other comprehensive loss</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>(21,829</P>
</TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial">)</P>
</TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>(47,161</P>
</TD><TD valign=bottom width=17.867><P style="margin:0px; font-family:Arial">)</P>
</TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Retained earnings</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>568,352</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>440,780</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Total stockholders&#146; equity</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial; border-bottom:1px solid #000000" align=right>939,761</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial; border-bottom:1px solid #000000" align=right>762,401</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD COLSPAN="2" STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Total liabilities and stockholders&#146; equity</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=12><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>1,476,672</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=11.867><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=72.133><P style="margin:0px; font-family:Arial" align=right>1,334,481</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
</TABLE>

<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>- 5 -</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>Copart, Inc. ~ 14185 Dallas Parkway, Suite 300, Dallas, Texas 75254 ~ (972) 391-5000</P>

<P style="margin:0px" align=center><BR></P>

<HR NOSHADE SIZE="5">

<PAGE>

<P style="margin:0px" align=center><BR></P>

<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:14pt" align=center><B>Copart, Inc.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Arial" align=center><B>Condensed Consolidated Statements of Cash Flows<A NAME="ConsolidatedStatementsOfCashFlows_164734"></A></B></P>
<P style="margin:0px; font-family:Arial" align=center>&nbsp;(Unaudited)</P>
<P style="margin:0px" align=center><BR></P>

<TABLE style="font-size:10pt" cellspacing=0 width=100%>
<TR height=0 style="font-size:0"><TD></TD><TD width=11.6></TD><TD width=12.067></TD><TD width=72.067></TD><TD width=1.6></TD><TD width=16.267></TD><TD width=12.067></TD><TD width=84.733></TD><TD width=11.933></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=198.8 colspan=6><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=center><B>Nine&nbsp;Months&nbsp;Ended<BR>
April 30,</B></P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt"><U>(In thousands)</U></P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=center><B>2014</B></P>
</TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=center><B>2013</B></P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt"><B>Cash flows from operating activities:</B></P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Net income</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=12.067><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD valign=bottom width=72.067><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>127,644</P>
</TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.067><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD valign=bottom width=84.733><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>138,721</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Adjustments to reconcile net income to net cash provided by operating activities:</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Depreciation and amortization</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>40,349</P>
</TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>42,248</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Allowance for doubtful accounts</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>936</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>234</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Impairment of long-lived assets</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>29,104</P>
</TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>&#151;</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Stock-based compensation</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>17,262</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>14,671</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Excess tax benefits from stock-based compensation</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(1,219</P>
</TD><TD valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(6,164</P>
</TD><TD valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Gain on sale of property and equipment</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(1,696</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(922</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Deferred income taxes</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(12,609</P>
</TD><TD valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(3,372</P>
</TD><TD valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Changes in operating assets and liabilities, net of effects from acquisitions:</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Accounts receivable</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(9,161</P>
</TD><TD valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(24,414</P>
</TD><TD valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Vehicle pooling costs and inventories</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(170</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(4,304</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Prepaid expenses and other current assets</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(3,539</P>
</TD><TD valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(2,877</P>
</TD><TD valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Other assets</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(12,133</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(6,145</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Accounts payable and accrued liabilities</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>15,269</P>
</TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>21,966</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Deferred revenue</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>316</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>15</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Income taxes receivable</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>7,305</P>
</TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>4,213</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Income taxes payable</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>8,229</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>8,695</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Other liabilities</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,747</P>
</TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>438</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:66.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Net cash provided by operating activities</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>207,634</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>183,003</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt"><B>Cash flows from investing activities:</B></P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Purchases of property and equipment including acquisitions</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(78,078</P>
</TD>     <TD WIDTH=5% ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">)&nbsp;&nbsp;</FONT></TD>
</TD><TD>&nbsp;
</TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(145,508</P>
</TD><TD valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Proceeds from sale of property and assets held for sale</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>3,271</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>5,470</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:66.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Net cash used in investing activities</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(74,807</P>
</TD><TD valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(140,038</P>
</TD><TD valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt"><B>Cash flows from financing activities:</B></P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Proceeds from the exercise of stock options</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>5,680</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>19,579</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Excess tax benefit from stock-based payment compensation</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,219</P>
</TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>6,164</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Proceeds from the issuance of Employee Stock Purchase Plan shares</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,115</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>951</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Change in bank overdraft</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(16,291</P>
</TD><TD valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>&#151;</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Principal payments on long-term debt</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(56,250</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(56,255</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Repurchases of common stock</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(80</P>
</TD><TD valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(14,512</P>
</TD><TD valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:66.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Net cash used in financing activities</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(64,607</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(44,073</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Effect of foreign currency translation</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>981</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>327</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Net increase (decrease) in cash and cash equivalents</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>69,201</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(781</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Cash and cash equivalents at beginning of period</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>63,631</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>140,112</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Cash and cash equivalents at end of period</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=12.067><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=73.667 colspan=1><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>132,832</P>
</TD><TD colspan=2 valign=bottom width=16.267><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12.067><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=84.733><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>139,331</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt"><B>Supplemental disclosure of cash flow information:</B></P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="background-color: #CCEEFF; vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Interest paid</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12.067><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=73.667 colspan=1><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>6,599</P>
</TD><TD colspan=2 style="background-color:#CCEEFF" valign=bottom width=16.267><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12.067><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=84.733><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>7,758</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Income taxes paid</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=12.067><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD valign=bottom width=73.667 colspan=1><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>65,769</P>
</TD><TD colspan=2 valign=bottom width=16.267><P>&nbsp;</P></TD><TD valign=bottom width=12.067><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD valign=bottom width=84.733><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>68,179</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
</TABLE>

<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>- 6 -</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>Copart, Inc. ~ 14185 Dallas Parkway, Suite 300, Dallas, Texas 75254 ~ (972) 391-5000</P>

<P style="margin:0px" align=center><BR></P>

<HR NOSHADE SIZE="5">

<PAGE>

<P style="margin:0px" align=center><BR></P>

<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:14pt" align=center><B>Copart, Inc.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Arial" align=center><B>Additional Financial Information</B></P>
<P style="margin:0px; font-family:Arial" align=center><B>Reconciliation of GAAP to Non-GAAP Financial Measures</B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial" align=center>&nbsp;(Unaudited)</P>
<P style="line-height:13pt; margin:0px"><BR></P>

<TABLE style="font-size:10pt" cellspacing=0 width=100%>
<TR><TD NOWRAP STYLE="vertical-align: bottom"><P style="margin:0px; font-family:Arial"><U>(In thousands, except per share data)</U></P>
</TD><TD COLSPAN="5" NOWRAP STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 169.6px"><P style="margin:0px; font-family:Arial" align=center><B>Three months ended</B></P>
<P style="margin:0px; font-family:Arial" align=center><B>April 30,</B></P>
</TD><TD NOWRAP STYLE="vertical-align: bottom; width: 15.46px"><P>&nbsp;</P></TD><TD COLSPAN="5" NOWRAP STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 171.06px"><P style="margin:0px; font-family:Arial" align=center><B>Nine months ended </B></P>
<P style="margin:0px; font-family:Arial" align=center><B>April 30,</B></P>
</TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD style="" valign=bottom width=85.467 colspan=2><P style="margin:0px; font-family:Arial" align=center><B>2014</B></P>
</TD><TD style="valign=bottom width=6.4"><P>&nbsp;</P></TD><TD style="" valign=bottom width=77.733 colspan=2><P style="margin:0px; font-family:Arial" align=center><B>2013</B></P>
</TD><TD style="" valign=bottom width=15.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=85.733 colspan=2><P style="margin:0px; font-family:Arial" align=center><B>2014</B></P>
</TD><TD style="" valign=bottom width=6.533><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=78.8 colspan=2><P style="margin:0px; font-family:Arial" align=center><B>2013</B></P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">GAAP total revenue</P>
</TD><TD valign=bottom width=11.2><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=74.267><P style="margin:0px; font-family:Arial" align=right>309,722</P>
</TD><TD valign=bottom width=6.4><P>&nbsp;</P></TD><TD valign=bottom width=13.467><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=64.267><P style="margin:0px; font-family:Arial" align=right>277,638</P>
</TD><TD valign=bottom width=15.467><P>&nbsp;</P></TD><TD valign=bottom width=8.933><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=76.8><P style="margin:0px; font-family:Arial" align=right>876,039</P>
</TD><TD valign=bottom width=6.533><P>&nbsp;</P></TD><TD valign=bottom width=14><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=64.8><P style="margin:0px; font-family:Arial" align=right>782,689</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Effect of Hurricane Sandy</P>
</TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 11.2px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 74.26px"><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.4px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 13.46px"><P>&nbsp;</P></TD>
<TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 64.26px">
<P style="margin:0px; font-family:Arial" align=right>(12,736</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.46px; "><P STYLE="margin: 0px; font-family: Arial; text-align: left">)</P>
</TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 8.93px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 76.8px"><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.53px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 14px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 64.8px">
<P style="margin:0px; font-family:Arial" align=right>(31,161</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.46px; "><P STYLE="margin: 0px; font-family: Arial; text-align: left">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Non-GAAP total revenue</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.2><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=74.267><P style="margin:0px; font-family:Arial" align=right>309,722</P>
</TD><TD valign=bottom width=6.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=13.467><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=64.267><P style="margin:0px; font-family:Arial" align=right>264,902</P>
</TD><TD valign=bottom width=15.467><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=8.933><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=76.8><P style="margin:0px; font-family:Arial" align=right>876,039</P>
</TD><TD valign=bottom width=6.533><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=14><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=64.8><P style="margin:0px; font-family:Arial" align=right>751,528</P>
</TD></TR><TR STYLE="background-color: White"><TD>&nbsp;</TD></TR>

<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">GAAP gross margin</P>
</TD><TD STYLE="vertical-align: bottom; width: 11.26px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="vertical-align: bottom; width: 73.66px"><P style="margin:0px; font-family:Arial" align=right>132,252</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.8px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13.4px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="vertical-align: bottom; width: 64.26px"><P style="margin:0px; font-family:Arial" align=right>115,597</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.6px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 8.8px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="vertical-align: bottom; width: 76.73px"><P style="margin:0px; font-family:Arial" align=right>351,634</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.66px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 14.13px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="vertical-align: bottom; width: 64.8px"><P style="margin:0px; font-family:Arial" align=right>317,850</P>
</TD><TD STYLE="vertical-align: top; width: 10.86px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Effect of Hurricane Sandy</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=73.667><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD valign=bottom width=6.8><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=13.4><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=64.267><P style="margin:0px; font-family:Arial" align=right>(5,494</P>
</TD><TD valign=bottom width=15.6><P style="margin:0px; font-family:Arial">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.8><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.733><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD valign=bottom width=6.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=14.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=64.8><P style="margin:0px; font-family:Arial" align=right>4,392</P>
</TD><TD valign=top width=10.867><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Non-GAAP gross margin</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 11.26px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 73.66px"><P style="margin:0px; font-family:Arial" align=right>132,252</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.8px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 13.4px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 64.26px"><P style="margin:0px; font-family:Arial" align=right>110,103</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.6px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 8.8px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 76.73px"><P style="margin:0px; font-family:Arial" align=right>351,634</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.66px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 14.13px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 64.8px"><P style="margin:0px; font-family:Arial" align=right>322,242</P>
</TD><TD STYLE="vertical-align: top; width: 10.86px"><P>&nbsp;</P></TD></TR><TR STYLE="background-color: White"><TD>&nbsp;</TD></TR>

<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">GAAP net income</P>
</TD><TD valign=bottom width=11.267><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=73.533><P style="margin:0px; font-family:Arial" align=right>40,877</P>
</TD><TD valign=bottom width=7.067><P>&nbsp;</P></TD><TD valign=bottom width=13.267><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=64.267><P style="margin:0px; font-family:Arial" align=right>53,236</P>
</TD><TD valign=bottom width=15.6><P>&nbsp;</P></TD><TD valign=bottom width=8.933><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=76.733><P style="margin:0px; font-family:Arial" align=right>127,644</P>
</TD><TD valign=bottom width=6.667><P>&nbsp;</P></TD><TD valign=bottom width=14.267><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=64.8><P style="margin:0px; font-family:Arial" align=right>138,721</P>
</TD><TD valign=top width=10.467><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Impairment of long-lived assets, net of tax</P>
</TD><TD STYLE="vertical-align: bottom; width: 11.26px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 73.53px"><P style="margin:0px; font-family:Arial" align=right>19,402</P>
</TD><TD STYLE="vertical-align: bottom; width: 7.06px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13.26px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 64.26px"><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.6px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 8.93px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 76.73px"><P style="margin:0px; font-family:Arial" align=right>18,939</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.66px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 14.26px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 64.8px"><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD STYLE="vertical-align: top; width: 10.46px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Effect of Hurricane Sandy, net of tax</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=73.533><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD valign=bottom width=7.067><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=13.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=64.267><P style="margin:0px; font-family:Arial" align=right>(3,567</P>
</TD><TD valign=bottom width=15.6><P style="margin:0px; font-family:Arial">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.733><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD valign=bottom width=6.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=14.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=64.8><P style="margin:0px; font-family:Arial" align=right>2,838</P>
</TD><TD valign=top width=10.467><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Non-GAAP net income</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 11.26px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 73.53px"><P style="margin:0px; font-family:Arial" align=right>60,279</P>
</TD><TD STYLE="vertical-align: bottom; width: 7.06px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 13.26px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 64.26px"><P style="margin:0px; font-family:Arial" align=right>49,669</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.6px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 8.93px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 76.73px"><P style="margin:0px; font-family:Arial" align=right>146,583</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.66px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 14.26px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 64.8px"><P style="margin:0px; font-family:Arial" align=right>141,559</P>
</TD><TD STYLE="vertical-align: top; width: 10.46px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD valign=bottom width=11.267><P>&nbsp;</P></TD><TD valign=bottom width=73.533><P>&nbsp;</P></TD><TD valign=bottom width=7.067><P>&nbsp;</P></TD><TD valign=bottom width=13.267><P>&nbsp;</P></TD><TD valign=bottom width=64.267><P>&nbsp;</P></TD><TD valign=bottom width=15.6><P>&nbsp;</P></TD><TD valign=bottom width=8.933><P>&nbsp;</P></TD><TD valign=bottom width=76.733><P>&nbsp;</P></TD><TD valign=bottom width=6.667><P>&nbsp;</P></TD><TD valign=bottom width=14.267><P>&nbsp;</P></TD><TD valign=bottom width=64.8><P>&nbsp;</P></TD><TD valign=top width=10.467><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Earnings per share-diluted</P>
</TD><TD STYLE="vertical-align: bottom; width: 11.26px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 73.53px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 7.06px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13.26px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 64.26px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 15.6px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 8.93px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 76.73px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 6.66px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 14.26px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 64.8px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: top; width: 10.46px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GAAP diluted net income per share</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.267><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=73.533><P style="margin:0px; font-family:Arial" align=right>0.31</P>
</TD><TD valign=bottom width=7.067><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13.267><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=64.267><P style="margin:0px; font-family:Arial" align=right>0.41</P>
</TD><TD valign=bottom width=15.6><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=8.933><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=76.733><P style="margin:0px; font-family:Arial" align=right>0.97</P>
</TD><TD valign=bottom width=6.667><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=14.267><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=64.8><P style="margin:0px; font-family:Arial" align=right>1.07</P>
</TD><TD valign=top width=10.467><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-GAAP diluted net income per share</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 11.26px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 73.53px"><P style="margin:0px; font-family:Arial" align=right>0.46</P>
</TD><TD STYLE="vertical-align: bottom; width: 7.06px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 13.26px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 64.26px"><P style="margin:0px; font-family:Arial" align=right>0.38</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.6px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 8.93px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 76.73px"><P style="margin:0px; font-family:Arial" align=right>1.12</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.66px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 14.26px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 64.8px"><P style="margin:0px; font-family:Arial" align=right>1.09</P>
</TD><TD STYLE="vertical-align: top; width: 10.46px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Diluted weighted average common shares outstanding</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=73.533><P style="margin:0px; font-family:Arial" align=right>131,486</P>
</TD><TD valign=bottom width=7.067><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13.267><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=64.267><P style="margin:0px; font-family:Arial" align=right>130,530</P>
</TD><TD valign=bottom width=15.6><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=8.933><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=76.733><P style="margin:0px; font-family:Arial" align=right>131,095</P>
</TD><TD valign=bottom width=6.667><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=14.267><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=64.8><P style="margin:0px; font-family:Arial" align=right>129,502</P>
</TD><TD valign=top width=10.467><P>&nbsp;</P></TD></TR>
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<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>- 7 -</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>Copart, Inc. ~ 14185 Dallas Parkway, Suite 300, Dallas, Texas 75254 ~ (972) 391-5000</P>
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