<SEC-DOCUMENT>0001145443-14-001186.txt : 20140924
<SEC-HEADER>0001145443-14-001186.hdr.sgml : 20140924
<ACCEPTANCE-DATETIME>20140924060800
ACCESSION NUMBER:		0001145443-14-001186
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20140923
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140924
DATE AS OF CHANGE:		20140924

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:			DE
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23255
		FILM NUMBER:		141117178

	BUSINESS ADDRESS:	
		STREET 1:		14185 DALLAS PARKWAY
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75254
		BUSINESS PHONE:		972-391-5000

	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>d31683.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="09/23/2014">
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<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>
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<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"><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center><B>September 23, 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"><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"><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)).</P>
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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 September 23, 2014, Copart, Inc. issued a press release announcing its financial results for the fourth quarter and fiscal year 2014 ended July 31, 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="margin:0px"><BR></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>

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<TR height=0 style="font-size:0"><TD width=24.267></TD><TD width=18.2></TD><TD width=6.067></TD><TD NOWRAP></TD></TR>
<TR><TD width=24.267><P style="margin:0px; font-size:11pt">&nbsp;</P>
</TD><TD valign=top width=18.2><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"><P style="line-height:13pt; margin:0px; font-size:11pt">Exhibits </P>
</TD></TR>
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<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 STYLE="height: 0px">
    <TD NOWRAP STYLE="width: 48px">&nbsp;</TD><TD STYLE="width: 56.73px"></TD>
    <TD NOWRAP STYLE="width: 48px">&nbsp;</TD><TD></TD></TR>
<TR>
    <TD NOWRAP STYLE="width: 48px">&nbsp;</TD><TD STYLE="vertical-align: top"><P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>Exhibit<BR><U>Number</U></B></P>
</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="vertical-align: top"><P style="margin:0px" align=center><BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt"><B><U>Description</U></B></P>
</TD></TR>
<TR>
    <TD NOWRAP STYLE="width: 48px">&nbsp;</TD><TD STYLE="vertical-align: top"><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center>99.1</P>
</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="vertical-align: top"><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt">Press release, dated September 23, 2014 of Copart, Inc. announcing its financial results for the fourth quarter and fiscal year ended July 31, 2014.</P>
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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>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:-17.333px; font-size:11pt">Dated: September 23, 2014 </P>
<P style="line-height:13pt; margin:0px; text-indent:336px; font-size:11pt"><B>Copart, Inc.</B></P>
<P style="margin-top:14.667px; margin-bottom:0px"><BR></P>
<P style="line-height:13pt; margin:0px; padding-left:336px; font-size:11pt">By: <U>&nbsp;/s/ William E. Franklin </U></P>
<P style="line-height:13pt; margin:0px; padding-left:360px; font-size:11pt">William E. Franklin</P>
<P style="line-height:13pt; margin:0px; padding-left:360px; font-size:11pt">Executive Vice President and</P>
<P style="line-height:13pt; margin:0px; padding-left:360px; font-size:11pt">Chief Financial Officer</P>

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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>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt">Exhibit </P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-17.333px; font-size:11pt"><U>Number</U> </P>
<P style="line-height:13pt; margin:0px; text-indent:96px; font-size:11pt"><U>Description</U></P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:-17.333px; padding-left:96px; text-indent:-96px; font-size:11pt">99.1 </P>
<P style="line-height:13pt; margin:0px; padding-left:96px; font-size:11pt">Press release, dated September 23, 2014, of Copart, Inc. announcing its financial results for the fourth quarter and fiscal year 2014 ended July 31, 2014.</P>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d31683_ex99-1.htm
<DESCRIPTION>EX-99.1
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<TITLE>Press Release Draft 4 &nbsp;(00003332.DOC;1)</TITLE>
<META NAME="author" CONTENT="Rob Foss">
<META NAME="date" CONTENT="09/23/2014">
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<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:14pt" align=center><B>Copart, Inc. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P style="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 Fourth Quarter 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. (September 23, 2014) &#151; Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter and year ended July 31, 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 July 31, 2014, revenue, gross margin and net income were $287.5 million, $116.9 million and $51.0 million, respectively. These represent increases in revenue of $23.8 million, or 9.0%; in gross margin of $13.9 million, or 13.5%; and in net income of $9.7 million, or 23.6%, respectively, from the same quarter last year. Fully diluted earnings per share for the three months were $0.39 compared to $0.32 last year, an increase of 21.9%.</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 twelve months ended July 31, 2014, revenue, gross margin and net income were $1,163.5 million, $468.6 million and $178.7 million, respectively. These represent increases in revenue of $117.1 million, or 11.2%; in gross margin of $47.7 million or 11.3%; and a decrease in net income of $1.3 million, or 0.7%, respectively, from the same period last year. Fully diluted earnings per share for the twelve months were $1.36 compared to $1.39 last year, a decrease of 2.2%.</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 prior fiscal year were incremental revenues and operating expenses associated with unit volume generated by Hurricane Sandy, which were estimated to be $31.2 million and $35.6 million, respectively. Included in the operating results of the current year was an impairment charge of $29.1 million recorded in the third quarter resulting primarily from the abandonment of work previously capitalized in connection with the development of a third-party enterprise operating system.</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P STYLE="font: 11pt/13pt Arial; margin: 0px; text-align: justify">On Wednesday, September 24, 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://live.conferenceamerica.com:5840/live</U>. <FONT style="color:#000000">A replay of the call will be available through November 23, 2014 by calling <I>(877) 919-4059</I>. Use confirmation code #<I>74916381</I>.</P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; font-family:Arial; font-size:11pt"><B>About Copart</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>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><FONT style="font-size:11pt"></FONT>), the United Kingdom (<FONT style="color:#0000FF"><U>www.copart.co.uk</U></FONT><FONT style="font-size:11pt"></FONT>), Brazil (<FONT style="color:#0000FF"><U>www.copart.com.br</U></FONT><FONT style="font-size:11pt"></FONT>), Germany (<FONT style="color:#0000FF"><U>www.copart.de</U></FONT><FONT style="font-size:11pt"></FONT>), the United Arab Emirates (<FONT style="color:#0000FF"><U>www.copart.ae</U></FONT><FONT style="font-size:11pt"></FONT>) and Spain (<FONT style="color:#0000FF"><U>www.autoresiduos.com</U></FONT><FONT style="font-size:11pt"></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><FONT style="font-size:11pt"></FONT>.</P>
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<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 TX 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. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></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="margin-top:5.533px; margin-bottom:5.533px; font-family:Arial" 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>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:15pt; margin-top:0px; margin-bottom:-20px; font-family:Arial">Contact:</P>
<P style="line-height:15pt; margin-top:0px; margin-bottom:-20px; text-indent:84px; font-family:Arial">Carol Morrison, Assistant to the Chief Financial Officer</P>
<P style="line-height:13pt; margin:0px; text-indent:420px; font-family:Arial">&nbsp;</P>
<P style="margin:0px; text-indent:48px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;972-391-5302 or carol.morrison@copart.com</P>
<P style="margin:0px"><BR>
<BR></P>
<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 TX &nbsp;75254 ~ (972) 391-5000</P>

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

<HR NOSHADE SIZE="5">

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<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. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial" align=center><B>Consolidated Statements of Income </B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial" align=center>(in thousands, except per share data)</P>
<P style="line-height:13pt; margin:0px; font-family:Arial" align=center>(Unaudited)</P>
<P style="line-height:13pt; margin:0px"><BR></P>

<TABLE style="font-size:10pt" cellspacing=0 width=100%>
<TR height=0 style="font-size:0"><TD></TD><TD width=1.867></TD><TD width=10.733></TD><TD width=2.6></TD><TD width=63.667></TD><TD width=10.467></TD><TD width=13></TD><TD width=62.133></TD><TD width=12.333></TD><TD width=8.667></TD><TD width=1.867></TD><TD width=1.933></TD><TD width=68.4></TD><TD width=6.933></TD><TD width=13.467></TD><TD width=63.333></TD><TD width=13.4></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD valign=bottom width=1.867><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=162.6 colspan=6><P style="margin:0px; font-family:Arial" align=center><B>Three months ended &nbsp;July 31,</B></P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=164.6 colspan=7><P style="margin:0px; font-family:Arial" align=center><B>Twelve months ended </B></P>
<P style="margin:0px; font-family:Arial" align=center><B>July 31,</B></P>
</TD><TD valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD valign=bottom width=1.867><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=77 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>2014</B></P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=75.133 colspan=2><P style="margin:0px; font-family:Arial" align=center><B>2013</B></P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=80.867 colspan=4><P style="margin:0px; font-family:Arial" align=center><B>2014</B></P>
</TD><TD valign=bottom width=6.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial" align=center><B>2013</B></P>
</TD><TD valign=bottom width=13.4><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">Service revenues and vehicle sales:</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.86px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 10.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 66.26px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 62.13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 72.2px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 6.93px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13.46px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 63.33px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; font-family:Arial">Service revenues</P>
</TD><TD valign=bottom width=1.867><P>&nbsp;</P></TD><TD valign=bottom width=10.733><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=66.267 colspan=2><P style="margin:0px; font-family:Arial" align=right>241,273</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD valign=bottom width=13><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=62.133><P style="margin:0px; font-family:Arial" align=right>213,591</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD valign=bottom width=8.667><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=72.2 colspan=3><P style="margin:0px; font-family:Arial" align=right>958,413</P>
</TD><TD valign=bottom width=6.933><P>&nbsp;</P></TD><TD valign=bottom width=13.467><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=63.333><P style="margin:0px; font-family:Arial" align=right>849,667</P>
</TD><TD valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; font-family:Arial">Vehicle sales</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.86px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 10.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 66.26px"><P style="margin:0px; font-family:Arial" align=right>46,177</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 13px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 62.13px"><P style="margin:0px; font-family:Arial" align=right>50,106</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 8.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 72.2px"><P style="margin:0px; font-family:Arial" align=right>205,076</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.93px"><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: 63.33px"><P style="margin:0px; font-family:Arial" align=right>196,719</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.4px"><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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total service revenues and vehicle sales</P>
</TD><TD valign=bottom width=1.867><P>&nbsp;</P></TD><TD valign=bottom width=10.733><P>&nbsp;</P></TD><TD valign=bottom width=66.267 colspan=2><P style="margin:0px; font-family:Arial" align=right>287,450</P>
</TD><TD valign=bottom width=10.467><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=13><P>&nbsp;</P></TD><TD valign=bottom width=62.133><P style="margin:0px; font-family:Arial" align=right>263,697</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD valign=bottom width=72.2 colspan=3><P style="margin:0px; font-family:Arial" align=right>1,163,489</P>
</TD><TD valign=bottom width=6.933><P>&nbsp;</P></TD><TD valign=bottom width=13.467><P>&nbsp;</P></TD><TD valign=bottom width=63.333><P style="margin:0px; font-family:Arial" align=right>1,046,386</P>
</TD><TD valign=bottom width=13.4><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">Operating costs and expenses:</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.86px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 77px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 75.13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="4" STYLE="vertical-align: bottom; width: 80.86px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 6.93px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 76.8px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.867px; font-family:Arial">Yard operations</P>
</TD><TD valign=bottom width=1.867><P>&nbsp;</P></TD><TD valign=bottom width=77 colspan=3><P style="margin:0px; font-family:Arial" align=right>123,463</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD valign=bottom width=75.133 colspan=2><P style="margin:0px; font-family:Arial" align=right>107,292</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD valign=bottom width=80.867 colspan=4><P style="margin:0px; font-family:Arial" align=right>484,207</P>
</TD><TD valign=bottom width=6.933><P>&nbsp;</P></TD><TD valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial" align=right>417,462</P>
</TD><TD valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.867px; font-family:Arial">Cost of vehicle sales </P>
</TD><TD STYLE="vertical-align: bottom; width: 1.86px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 77px"><P style="margin:0px; font-family:Arial" align=right>38,497</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 75.13px"><P style="margin:0px; font-family:Arial" align=right>43,090</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="4" STYLE="vertical-align: bottom; width: 80.86px"><P style="margin:0px; font-family:Arial" align=right>174,493</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.93px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 76.8px"><P style="margin:0px; font-family:Arial" align=right>167,236</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.867px; font-family:Arial">Yard depreciation and amortization</P>
</TD><TD valign=bottom width=1.867><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=77 colspan=3><P style="margin:0px; font-family:Arial" align=right>8,551</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=75.133 colspan=2><P style="margin:0px; font-family:Arial" align=right>10,243</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=80.867 colspan=4><P style="margin:0px; font-family:Arial" align=right>36,216</P>
</TD><TD valign=bottom width=6.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial" align=right>40,766</P>
</TD><TD valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:40px; text-indent:20px; font-family:Arial">Gross margin</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.86px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 77px"><P style="margin:0px; font-family:Arial" align=right>116,939</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 75.13px"><P style="margin:0px; font-family:Arial" align=right>103,072</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="4" STYLE="vertical-align: bottom; width: 80.86px"><P style="margin:0px; font-family:Arial" align=right>468,573</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.93px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 76.8px"><P style="margin:0px; font-family:Arial" align=right>420,922</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.867px; font-family:Arial">General and administrative</P>
</TD><TD valign=bottom width=1.867><P>&nbsp;</P></TD><TD valign=bottom width=77 colspan=3><P style="margin:0px; font-family:Arial" align=right>36,256</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD valign=bottom width=75.133 colspan=2><P style="margin:0px; font-family:Arial" align=right>35,782</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD valign=bottom width=80.867 colspan=4><P style="margin:0px; font-family:Arial" align=right>147,025</P>
</TD><TD valign=bottom width=6.933><P>&nbsp;</P></TD><TD valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial" align=right>121,968</P>
</TD><TD valign=bottom width=13.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.867px; font-family:Arial">General and administrative depreciation and amortization</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.86px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 77px"><P style="margin:0px; font-family:Arial" align=right>4,825</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 75.13px"><P style="margin:0px; font-family:Arial" align=right>4,238</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="4" STYLE="vertical-align: bottom; width: 80.86px"><P style="margin:0px; font-family:Arial" align=right>17,510</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.93px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 76.8px"><P style="margin:0px; font-family:Arial" align=right>15,962</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.867px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Impairment of long-lived assets</P>
</TD><TD valign=bottom width=1.867><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=77 colspan=3><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=75.133 colspan=2><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=80.867 colspan=4><P style="margin:0px; font-family:Arial" align=right>29,104</P>
</TD><TD valign=bottom width=6.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:80px; text-indent:-13.333px; font-family:Arial">Total operating expenses</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.86px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 77px"><P style="margin:0px; font-family:Arial" align=right>211,592</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 75.13px"><P style="margin:0px; font-family:Arial" align=right>200,645</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="4" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 80.86px"><P style="margin:0px; font-family:Arial" align=right>888,555</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.93px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 76.8px"><P style="margin:0px; font-family:Arial" align=right>763,394</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><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=1.867><P>&nbsp;</P></TD><TD valign=bottom width=77 colspan=3><P style="margin:0px; font-family:Arial" align=right>75,858</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD valign=bottom width=75.133 colspan=2><P style="margin:0px; font-family:Arial" align=right>63,052</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD valign=bottom width=80.867 colspan=4><P style="margin:0px; font-family:Arial" align=right>274,934</P>
</TD><TD valign=bottom width=6.933><P>&nbsp;</P></TD><TD valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial" align=right>282,992</P>
</TD><TD valign=bottom width=13.4><P style="margin:0px; font-family:Arial">&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">Other income (expense):</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.86px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 77px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 75.13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="4" STYLE="vertical-align: bottom; width: 80.86px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 6.93px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 76.8px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.867px; font-family:Arial">Interest expense, net</P>
</TD><TD valign=bottom width=1.867><P>&nbsp;</P></TD><TD valign=bottom width=77 colspan=3><P style="margin:0px; font-family:Arial" align=right>(2,051</P>
</TD><TD valign=bottom width=10.467><P style="margin:0px; font-family:Arial">)</P>
</TD><TD valign=bottom width=75.133 colspan=2><P style="margin:0px; font-family:Arial" align=right>(2,356</P>
</TD><TD valign=bottom width=12.333><P style="margin:0px; font-family:Arial">)</P>
</TD><TD valign=bottom width=80.867 colspan=4><P style="margin:0px; font-family:Arial" align=right>(8,277</P>
</TD><TD valign=bottom width=6.933><P style="margin:0px; font-family:Arial">)</P>
</TD><TD valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial" align=right>(9,629</P>
</TD><TD valign=bottom width=13.4><P style="margin:0px; font-family:Arial">)&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.867px; font-family:Arial">Other income</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.86px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 77px"><P style="margin:0px; font-family:Arial" align=right>77</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 75.13px"><P style="margin:0px; font-family:Arial" align=right>1,466</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="4" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 80.86px"><P style="margin:0px; font-family:Arial" align=right>3,378</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.93px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 76.8px"><P style="margin:0px; font-family:Arial" align=right>3,509</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><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=1.867><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=77 colspan=3><P style="margin:0px; font-family:Arial" align=right>(1,974</P>
</TD><TD valign=bottom width=10.467><P style="margin:0px; font-family:Arial">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=75.133 colspan=2><P style="margin:0px; font-family:Arial" align=right>(890</P>
</TD><TD valign=bottom width=12.333><P style="margin:0px; font-family:Arial">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=80.867 colspan=4><P style="margin:0px; font-family:Arial" align=right>(4,899</P>
</TD><TD valign=bottom width=6.933><P style="margin:0px; font-family:Arial">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial" align=right>(6,120</P>
</TD><TD valign=bottom width=13.4><P style="margin:0px; font-family:Arial">)&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="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="vertical-align: bottom; width: 1.86px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 77px"><P style="margin:0px; font-family:Arial" align=right>73,884</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 75.13px"><P style="margin:0px; font-family:Arial" align=right>62,162</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="4" STYLE="vertical-align: bottom; width: 80.86px"><P style="margin:0px; font-family:Arial" align=right>270,035</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.93px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 76.8px"><P style="margin:0px; font-family:Arial" align=right>276,872</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.4px"><P style="margin:0px; font-family:Arial">&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">Income taxes</P>
</TD><TD valign=bottom width=1.867><P>&nbsp;</P></TD><TD valign=bottom width=77 colspan=3><P style="margin:0px; font-family:Arial" align=right>22,841</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD valign=bottom width=75.133 colspan=2><P style="margin:0px; font-family:Arial" align=right>20,858</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD valign=bottom width=80.867 colspan=4><P style="margin:0px; font-family:Arial" align=right>91,348</P>
</TD><TD valign=bottom width=6.933><P>&nbsp;</P></TD><TD valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial" align=right>96,847</P>
</TD><TD valign=bottom width=13.4><P style="margin:0px; font-family:Arial">&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income </P>
</TD><TD STYLE="vertical-align: bottom; width: 1.86px"><P>&nbsp;</P></TD><TD STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 10.73px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD COLSPAN="2" STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 66.26px"><P style="margin:0px; font-family:Arial" align=right>51,043</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 13px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 62.13px"><P style="margin:0px; font-family:Arial" align=right>41,304</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 12.46px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 68.4px"><P style="margin:0px; font-family:Arial" align=right>178,687</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.93px"><P>&nbsp;</P></TD><TD STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 13.46px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 63.33px"><P style="margin:0px; font-family:Arial" align=right>180,025</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD valign=bottom width=1.867><P>&nbsp;</P></TD><TD valign=bottom width=10.733><P>&nbsp;</P></TD><TD valign=bottom width=66.267 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD valign=bottom width=13><P>&nbsp;</P></TD><TD valign=bottom width=62.133><P>&nbsp;</P></TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD valign=bottom width=12.467 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=68.4><P>&nbsp;</P></TD><TD valign=bottom width=6.933><P>&nbsp;</P></TD><TD valign=bottom width=13.467><P>&nbsp;</P></TD><TD valign=bottom width=63.333><P>&nbsp;</P></TD><TD valign=bottom width=13.4><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">Earnings per share-basic</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.86px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 10.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 66.26px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 62.13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.46px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 68.4px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 6.93px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13.46px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 63.33px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic net income per share</P>
</TD><TD valign=bottom width=1.867><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=10.733><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=66.267 colspan=2><P style="margin:0px; padding-left:5.933px; font-family:Arial" align=right>0.41</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=62.133><P style="margin:0px; font-family:Arial" align=right>0.33</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=10.533 colspan=2><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=70.333 colspan=2><P style="margin:0px; font-family:Arial" align=right>1.42</P>
</TD><TD valign=bottom width=6.933><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13.467><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=63.333><P style="margin:0px; font-family:Arial" align=right>1.44</P>
</TD><TD valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.867px; font-family:Arial">Weighted average common shares outstanding</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.86px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 77px"><P style="margin:0px; font-family:Arial" align=right>125,959</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 75.13px"><P style="margin:0px; font-family:Arial" align=right>125,380</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="4" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 80.86px"><P style="margin:0px; font-family:Arial" align=right>125,693</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.93px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 76.8px"><P style="margin:0px; font-family:Arial" align=right>124,912</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD valign=bottom width=1.867><P>&nbsp;</P></TD><TD valign=bottom width=77 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=10.467><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=75.133 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.333><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=80.867 colspan=4><P>&nbsp;</P></TD><TD valign=bottom width=6.933><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=76.8 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=13.4><P style="margin:0px; font-family:Arial">&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">Earnings per share-diluted</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.86px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 13.33px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 63.66px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 62.13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.46px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 68.4px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 6.93px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13.46px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 63.33px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.867px; font-family:Arial">Diluted net income per share</P>
</TD><TD valign=bottom width=1.867><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13.333 colspan=2><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=63.667><P style="margin:0px; font-family:Arial" align=right>0.39</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=62.133><P style="margin:0px; font-family:Arial" align=right>0.32</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12.467 colspan=3><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=68.4><P style="margin:0px; font-family:Arial" align=right>1.36</P>
</TD><TD valign=bottom width=6.933><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13.467><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=63.333><P style="margin:0px; font-family:Arial" align=right>1.39</P>
</TD><TD valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:26.867px; font-family:Arial">Diluted weighted average common shares outstanding</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.86px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 77px"><P style="margin:0px; font-family:Arial" align=right>131,629</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 75.13px"><P style="margin:0px; font-family:Arial" align=right>130,613</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="4" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 80.86px"><P style="margin:0px; font-family:Arial" align=right>131,230</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.93px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 76.8px"><P style="margin:0px; font-family:Arial" align=right>129,781</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.4px"><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="line-height:13pt; margin:0px" align=center><BR></P>
<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 TX &nbsp;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. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px" align=center><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial" align=center><B>Consolidated Balance Sheets </B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial" align=center>(in thousands)</P>
<P style="line-height:13pt; margin:0px; font-family:Arial" align=center>(Unaudited)</P>

<TABLE style="font-size:10pt" cellspacing=0 width=100%>
<TR height=0 style="font-size:0"><TD></TD><TD width=12.8></TD><TD width=9.333></TD><TD width=3></TD><TD width=85.667></TD><TD width=12.4></TD><TD width=10.933></TD><TD width=73.467></TD><TD width=1.867></TD><TD width=9.2></TD><TD width=1.333></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=98 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>July 31,</B></P>
<P style="margin:0px; font-family:Arial" align=center><B>&nbsp;2014</B></P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84.4 colspan=2><P style="margin:0px; font-family:Arial" align=center><B>July&nbsp;31, </B></P>
<P style="margin:0px; font-family:Arial" align=center><B>2013</B></P>
</TD><TD valign=bottom width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P style="margin:0px; font-family:Arial" align=center><B>ASSETS</B></P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=84.4 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=84.4 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&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">Current assets:</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=9.333><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=88.667 colspan=2><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>158,668</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=10.933><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=15.333 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>63,631&nbsp;</P>
</TD><TD valign=bottom width=10.533 colspan=2><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Accounts receivable, net</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>196,985</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 75.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>182,714</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Vehicle pooling costs and inventories</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>31,697</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>31,202</P>
</TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Income taxes receivable</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>2,288</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>9,416</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Deferred income taxes</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>1,803</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>2,216</P>
</TD><TD valign=bottom width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Prepaid expenses and other assets</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>19,505</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>15,344</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Assets held for sale</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>1,345</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>1,929</P>
</TD><TD valign=bottom width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:93.333px; text-indent:-13.333px; font-family:Arial">Total current assets</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>412,291</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>306,452</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&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">Property and equipment, net</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>692,383</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>677,517</P>
</TD><TD valign=bottom width=12.4 colspan=3><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">Goodwill and intangibles, net</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>309,022</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>285,169</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&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">Deferred income taxes</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>36,721</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>30,117</P>
</TD><TD valign=bottom width=12.4 colspan=3><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">Other assets</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>56,387</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>35,226</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=12.333 colspan=2><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>$</P>
</TD><TD style="border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=85.667><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>1,506,804</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=10.933><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>$</P>
</TD><TD style="border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=73.467><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>1,334,481</P>
</TD><TD valign=bottom width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; font-family:Arial" align=center><B>LIABILITIES AND STOCKHOLDERS&#146; EQUITY</B></P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=84.4 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&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">Current liabilities:</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Accounts payable and accrued liabilities</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=12.333 colspan=2><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD valign=bottom width=85.667><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>152,156</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=10.933><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD valign=bottom width=75.333 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>136,648&nbsp;</P>
</TD><TD valign=bottom width=10.533 colspan=2><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Bank overdraft</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>&#151;</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>16,291</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: top; width: 12.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Deferred revenue</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>4,170</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>4,832</P>
</TD><TD valign=top width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Income taxes payable</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>8,284</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>4,741</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: top; width: 12.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; text-indent:40px; font-family:Arial">Current portion of long-term debt and capital lease obligations</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>79,674</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>76,047</P>
</TD><TD valign=top width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:93.333px; text-indent:-13.333px; font-family:Arial">Total current liabilities</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>244,284</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>238,559</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: top; width: 12.4px"><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">Deferred income taxes</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>7,372</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>8,071</P>
</TD><TD valign=top width=12.4 colspan=3><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">Income taxes payable</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>23,771</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>23,091</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: top; width: 12.4px"><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">Long-term debt and capital lease obligations</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>223,227</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>296,410</P>
</TD><TD valign=top width=12.4 colspan=3><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">Other liabilities</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>4,651</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>5,949</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: top; width: 12.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:93.333px; text-indent:-13.333px; font-family:Arial">Total liabilities</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>503,305</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>572,080</P>
</TD><TD valign=top width=12.4 colspan=3><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">Commitments and contingencies</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&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">Stockholders&#146; equity:</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=84.4 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Preferred stock</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>&#151;</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>&#151;</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD 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=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>13</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>13</P>
</TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Additional paid-in capital</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>404,542</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>368,769</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Accumulated other comprehensive loss</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>(20,060)</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>(47,161)</P>
</TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Retained earnings</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>619,004</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>440,780</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:93.333px; text-indent:-13.333px; font-family:Arial">Total stockholders&#146; equity</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>1,003,499</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>762,401</P>
</TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom"><P style="margin:0px; padding-left:93.333px; text-indent:-13.333px; font-family:Arial">Total liabilities and stockholders&#146; equity</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 9.33px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD COLSPAN="2" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 88.66px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>1,506,804</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 10.93px"><P style="margin:0px; font-family:Arial">$</P>
</TD><TD COLSPAN="2" STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 75.33px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>1,334,481&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 10.53px"><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=center><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 TX &nbsp;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. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial" align=center><B>Consolidated Statements of Cash Flows<A NAME="ConsolidatedStatementsOfCashFlows_164734"></A></B></P>
<P style="margin:0px; font-family:Arial" align=center>(in thousands)</P>
<P style="margin:0px; font-family:Arial" align=center>(Unaudited)</P>

<TABLE style="font-size:10pt" cellspacing=0 width=100%>
<TR height=0 style="font-size:0"><TD></TD><TD width=15.733></TD><TD width=9.4></TD><TD width=94.667></TD><TD width=8.667></TD><TD width=11.333></TD><TD width=0.533></TD><TD width=81.267></TD><TD width=12></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=205.867 colspan=6><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=center><B>Twelve&nbsp;Months&nbsp;Ended<BR>
July 31,</B></P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=104.067 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=8.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=93.133 colspan=3><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=12><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12px"><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><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=15.733><P>&nbsp;</P></TD><TD valign=bottom width=9.4><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD valign=bottom width=94.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>178,687</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD valign=bottom width=11.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD valign=bottom width=81.267><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>180,025</P>
</TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12px"><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><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=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>53,726</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>56,728</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,087</P>
</TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(356</P>
</TD><TD STYLE="vertical-align: bottom; width: 12px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><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=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 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=8.667><P>&nbsp;</P></TD><TD valign=bottom width=93.133 colspan=3><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>22,099</P>
</TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>19,557</P>
</TD><TD STYLE="vertical-align: bottom; width: 12px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><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=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(2,289</P>
</TD><TD valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(6,097</P>
</TD><TD valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(1,461</P>
</TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(962</P>
</TD><TD STYLE="vertical-align: bottom; width: 12px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><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=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(10,838</P>
</TD><TD valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(3,605</P>
</TD><TD valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><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=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(12,870</P>
</TD><TD valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(31,171</P>
</TD><TD valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>399</P>
</TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(5,403</P>
</TD><TD STYLE="vertical-align: bottom; width: 12px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><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=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(4,500</P>
</TD><TD valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(5,971</P>
</TD><TD valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(8,900</P>
</TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(18,714</P>
</TD><TD STYLE="vertical-align: bottom; width: 12px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><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=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>5,425</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>14,749</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(661</P>
</TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(871</P>
</TD><TD STYLE="vertical-align: bottom; width: 12px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><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=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>9,267</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(752</P>
</TD><TD valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>2,816</P>
</TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,609</P>
</TD><TD STYLE="vertical-align: bottom; width: 12px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other liabilities</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,503</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>560</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>262,594</P>
</TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>199,326</P>
</TD><TD STYLE="vertical-align: bottom; width: 12px"><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=93.133 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12px"><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><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=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(95,810</P>
</TD><TD valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(214,287</P>
</TD><TD valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 104.06px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>3,707</P>
</TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 93.13px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>6,266</P>
</TD><TD STYLE="vertical-align: bottom; width: 12px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><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=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(92,103</P>
</TD><TD valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(208,021</P>
</TD><TD valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12px"><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><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=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=93.133 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>10,412</P>
</TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>21,442</P>
</TD><TD STYLE="vertical-align: bottom; width: 12px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><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 benefits from stock-based compensation</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>2,289</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>6,097</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>2,339</P>
</TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,948</P>
</TD><TD STYLE="vertical-align: bottom; width: 12px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><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=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(572</P>
</TD><TD valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(15,009</P>
</TD><TD valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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 STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(16,291</P>
</TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>16,291</P>
</TD><TD STYLE="vertical-align: bottom; width: 12px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><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 valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(75,000</P>
</TD><TD valign=bottom width=8.667><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=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(96,660</P>
</TD><TD valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(76,823</P>
</TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(65,891</P>
</TD><TD STYLE="vertical-align: bottom; width: 12px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD valign=bottom width=93.133 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 104.06px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,369</P>
</TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 93.13px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(1,895</P>
</TD><TD STYLE="vertical-align: bottom; width: 12px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD valign=bottom width=93.133 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>95,037</P>
</TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(76,481</P>
</TD><TD STYLE="vertical-align: bottom; width: 12px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD valign=bottom width=93.133 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 104.06px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>63,631</P>
</TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 93.13px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>140,112</P>
</TD><TD STYLE="vertical-align: bottom; width: 12px"><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><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=15.733><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=9.4><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=94.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>158,668</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=81.267><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>63,631</P>
</TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 104.06px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12px"><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><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=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=93.133 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top"><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="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 9.4px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 94.66px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>8,768</P>
</TD><TD STYLE="vertical-align: bottom; width: 8.66px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 11.33px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD COLSPAN="2" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 81.8px"><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>10,267</P>
</TD><TD STYLE="vertical-align: bottom; width: 12px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top"><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=15.733><P>&nbsp;</P></TD><A NAME="OLE_LINK6"></A><TD style="border-bottom:3px double #000000" valign=bottom width=9.4><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=94.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>82,813</P>
</TD><TD valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.333><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=81.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>95,182</P>
</TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD valign=bottom width=690 colspan=9><P>&nbsp;</P></TD></TR>
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<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 TX &nbsp;75254 ~ (972) 391-5000</P>

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