<SEC-DOCUMENT>0001145443-14-001401.txt : 20141125
<SEC-HEADER>0001145443-14-001401.hdr.sgml : 20141125
<ACCEPTANCE-DATETIME>20141125082533
ACCESSION NUMBER:		0001145443-14-001401
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20141124
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20141125
DATE AS OF CHANGE:		20141125

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:		141247826

	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>d31873.htm
<DESCRIPTION>8-K
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>SECURITIES AND EXCHANGE COMMISSION</TITLE>
<META NAME="author" CONTENT="Simon Rote">
<META NAME="date" CONTENT="11/24/2014">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:100%"><P style="margin:0px"><BR>
<BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=144></TD><TD width=64></TD><TD width=208></TD><TD width=64>
</TD><TD width=144></TD></TR>
<TR><TD style="border-top:3px double #000000" valign=top colspan=5>
<P style="line-height:19pt; margin-top:9.467px; margin-bottom:0px; font-size:17pt" align=center><B>UNITED STATES </B></P>
<P style="line-height:19pt; margin-top:9.467px; margin-bottom:0px; font-size:17pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><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 valign=top width=624 colspan=5><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 valign=top width=624 colspan=5><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 valign=top width=624 colspan=5><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 style="border-bottom:1px solid #000000" valign=bottom width=336 colspan=3>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center><B>November 24, 2014</B></P>
</TD><TD valign=bottom width=144><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=624 colspan=5><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 valign=top width=624 colspan=5><P style="margin-top:22.667px; margin-bottom:0px; padding-bottom:4px; border-bottom:1px solid #000000" 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 valign=top width=624 colspan=5><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 valign=top width=208 colspan=2>
<P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center><B>Delaware
</B></P>
</TD><TD valign=top width=208>
<P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center><B>0-23255
</B></P>
</TD><TD valign=top width=208 colspan=2>
<P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center>
<B>94-2867490</B></P>
</TD></TR>
<TR><TD valign=top width=208 colspan=2><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 valign=top width=208><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 valign=top width=208 colspan=2><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 style="border-bottom:1px solid #000000" valign=bottom width=336 colspan=3>
<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 valign=top width=624 colspan=5><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 style="border-bottom:1px solid #000000" valign=bottom width=336 colspan=3>
<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 valign=top width=624 colspan=5><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 valign=top width=624 colspan=5><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=624 colspan=5>
<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 valign=top width=624 colspan=5><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 valign=top width=624 colspan=5><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 valign=top width=624 colspan=5><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 valign=top width=624 colspan=5><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 valign=top width=624 colspan=5><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 style="border-bottom:3px double #000000" valign=top width=624 colspan=5><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>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>



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<PAGE>
<BR>



<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-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="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 November 24, 2014, Copart, Inc. issued a press release announcing its financial
results for the first quarter of fiscal year 2015 ended October 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="line-height:13pt; margin:0px; font-size:11pt"><B>Section 9 &#151; Financial Statements and Exhibits </B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-17.333px; font-size:11pt"><B><I>Item 9.01</I></B></P>
<P style="line-height:13pt; margin:0px; text-indent:72px; font-size:11pt"><B><I>Financial Statements and Exhibits</I></B></P>
<P style="margin:0px; font-family:Arial Unicode MS; font-size:11pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=24.267></TD><TD width=18.2></TD><TD width=6.067></TD><TD width=558.533>
</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 valign=top width=558.533><P style="line-height:13pt; margin:0px; font-size:11pt">Exhibits </P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-family:Arial Unicode MS; font-size:11pt">&nbsp;</P>
<P style="line-height:13pt; margin:0px; text-indent:32.667px; font-size:11pt">The following exhibit is furnished herewith: </P>
<P style="margin:0px; font-family:Arial Unicode MS; font-size:11pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=56.733></TD><TD width=446.667></TD></TR>
<TR><TD valign=top width=56.733><P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>Exhibit <U>Number</U></B></P>
</TD><TD valign=top width=446.667><P style="margin:0px" align=center><BR></P>
<P style="line-height:13pt; margin:0px; text-indent:48px; font-size:11pt"><B><U>Description</U></B></P>
</TD></TR>
<TR><TD valign=top width=56.733><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center>99.1</P>
</TD><TD valign=top width=446.667><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; padding-left:48px; font-size:11pt">Press release, dated
November 24, 2014 of Copart, Inc. announcing its financial results for the first quarter of fiscal year 2015 ended October 31, 2014.</P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-family:Arial Unicode MS; font-size:11pt">&nbsp;</P>
<P style="margin-top:14.667px; margin-bottom:0px"><BR>
<BR></P>
<HR SIZE=5 COLOR=GRAY NOSHADE>
<PAGE>
<BR>
</DIV><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: November 24, 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>
<P style="margin-top:14.667px; margin-bottom:0px" align=center><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<HR SIZE=5 COLOR=GRAY NOSHADE>
<PAGE>
<BR>
<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 November 24, 2014, of Copart, Inc. announcing its financial
results for the first quarter of fiscal year 2015 ended October 31, 2014.</P>
<P style="margin-top:14.667px; margin-bottom:0px"><BR>
<BR></P>
<HR SIZE=5 COLOR=GRAY NOSHADE>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d31873_ex99-1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Press Release Draft 4 &nbsp;(00003332.DOC;1)</TITLE>
<META NAME="author" CONTENT="Rob Foss">
<META NAME="date" CONTENT="11/24/2014">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:100%"><P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:14pt" align=center><B>Copart, Inc.</B></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">For Immediate Release</P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center><B>Copart Reports First Quarter Fiscal 2015 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. (November 24, 2014) &#151; Copart, Inc. (NASDAQ: CPRT)
today reported financial results for the quarter ended October 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 October 31, 2014, revenue, gross margin and
net income were $290.4 million, $122.3 million and $52.6 million, respectively. &nbsp;These represent increases in revenue of $10.5 million, or 3.8%; in gross
margin of $14.5 million, or 13.4%; and in net income of $11.2 million, or 27.0%, respectively, from the same quarter last year. &nbsp;Fully diluted earnings per
share for the three months were $0.40 compared to $0.32 last year, an increase of 25.0%.</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">On Tuesday, November 25, 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><FONT style="font-family:Palatino"></FONT><FONT style="color:#0000FF">.</FONT> A replay of the
call will be available through January 24, 2015 by calling <I>(877) 919-4059</I>. &nbsp;Use confirmation code #<FONT style="color:#3F3F3F"> </FONT>60599057.</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin-top:6.133px; margin-bottom:6.133px; font-family:Arial; font-size:11pt"><B>About Copart</B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial" 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. &nbsp;Copart
remarkets the vehicles through Internet sales utilizing its VB3 technology.&nbsp; 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. &nbsp;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>
<P style="margin:6.133px" align=justify><BR></P>
<P style="margin:6.133px" align=justify><BR></P>
<P style="margin:6.133px" align=justify><BR></P>
<P style="margin:6.133px" align=justify><BR></P>
<P style="margin:6.133px" align=justify><BR></P>
<P style="margin:6.133px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>- 1 -</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>Copart, Inc. ~ 14185 Dallas
Parkway, Suite 300, Dallas, Texas 75254 ~ (972) 391-5000</P>

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



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<P style="margin:6.133px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:14pt" align=center><B>Copart, Inc.</B></P>
<P style="line-height:13pt; 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">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. &nbsp;</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:15pt; margin-top:0px; margin-bottom:-20px; font-family:Arial; font-size:11pt">Contact:</P>
<P style="line-height:15pt; margin-top:0px; margin-bottom:-20px; text-indent:84px; font-family:Arial; font-size:11pt">Carol Morrison, Assistant to the Chief
Financial Officer</P>
<P style="line-height:13pt; margin:0px; text-indent:420px; font-family:Arial; font-size:11pt">&nbsp;</P>
<P style="line-height:15pt; margin-top:0px; margin-bottom:-20px; text-indent:24px; font-family:Arial;
font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0px; text-indent:84px; font-family:Arial; font-size:11pt">972-391-5302 or carol.morrison@copart.com </P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px"><BR></P>
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<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>- 2 -</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>Copart, Inc. ~ 14185 Dallas
Parkway, Suite 300, Dallas, Texas 75254 ~ (972) 391-5000</P>

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<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:14pt" align=center><B>Copart, Inc.</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=center><B>Consolidated Statements of Income </B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>(in thousands, except per share data)</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>(Unaudited)</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 11pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font: bold 11pt Arial; text-align: center; border-bottom: Black 1pt solid">Three&nbsp;Months&nbsp;Ended<BR> October&nbsp;31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 11pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: bold 11pt Arial; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font: bold 11pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: bold 11pt Arial; text-align: center; border-bottom: Black 1pt solid">2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Arial; text-align: left">Service revenues and vehicle sales:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 56%; font: 11pt Arial; text-align: left; padding-left: 10pt">Service revenues</TD><TD STYLE="width: 8%; font: 11pt Arial">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 11pt Arial; text-align: left">$</TD><TD STYLE="width: 8%; font: 11pt Arial; text-align: right">246,597</TD>
<TD STYLE="width: 1%; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; font: 11pt Arial">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 11pt Arial; text-align: left">$</TD>
    <TD STYLE="width: 8%; font: 11pt Arial; text-align: right">226,363</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Arial; text-align: left; padding-bottom: 1pt; padding-left: 10pt">Vehicle sales</TD><TD STYLE="font: 11pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: right">43,789</TD><TD STYLE="padding-bottom: 1pt; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: right">53,520</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Arial; text-align: left; padding-left: 20pt">Total service revenues and vehicle sales</TD><TD STYLE="font: 11pt Arial">&nbsp;</TD>
    <TD STYLE="font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; text-align: right">290,386</TD><TD STYLE="font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 11pt Arial; text-align: right">279,883</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Arial; text-align: left">Operating expenses:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Arial; text-align: left; padding-left: 10pt">Yard operations</TD><TD STYLE="font: 11pt Arial">&nbsp;</TD>
    <TD STYLE="font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; text-align: right">122,145</TD><TD STYLE="font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 11pt Arial; text-align: right">115,861</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Arial; text-align: left; padding-left: 10pt">Cost of vehicle sales</TD><TD STYLE="font: 11pt Arial">&nbsp;</TD>
    <TD STYLE="font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; text-align: right">37,073</TD><TD STYLE="font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 11pt Arial; text-align: right">46,091</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Arial; text-align: left; padding-bottom: 1pt; padding-left: 10pt">Yard depreciation and amortization</TD><TD STYLE="font: 11pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: right">8,860</TD><TD STYLE="padding-bottom: 1pt; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: right">10,095</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Arial; text-align: left; padding-left: 20pt">Gross margin</TD><TD STYLE="font: 11pt Arial">&nbsp;</TD>
    <TD STYLE="font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; text-align: right">122,308</TD><TD STYLE="font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 11pt Arial; text-align: right">107,836</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Arial; text-align: left; padding-left: 10pt">General and administrative</TD><TD STYLE="font: 11pt Arial">&nbsp;</TD>
    <TD STYLE="font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; text-align: right">37,037</TD><TD STYLE="font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 11pt Arial; text-align: right">38,468</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Arial; text-align: left; padding-bottom: 1pt; padding-left: 10pt">General and administrative depreciation and amortization</TD><TD STYLE="font: 11pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: right">2,870</TD><TD STYLE="padding-bottom: 1pt; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: right">4,409</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Arial; text-align: left; padding-bottom: 1pt; padding-left: 20pt">Total operating expenses</TD><TD STYLE="font: 11pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: right">207,985</TD><TD STYLE="padding-bottom: 1pt; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: right">214,924</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Arial; text-align: left; padding-left: 20pt">Operating income</TD><TD STYLE="font: 11pt Arial">&nbsp;</TD>
    <TD STYLE="font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; text-align: right">82,401</TD><TD STYLE="font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 11pt Arial; text-align: right">64,959</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Arial; text-align: left">Other (expense) income:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Arial; text-align: left; padding-left: 10pt">Interest expense, net</TD><TD STYLE="font: 11pt Arial">&nbsp;</TD>
    <TD STYLE="font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; text-align: right">(1,771</TD><TD STYLE="font: 11pt Arial; text-align: left">)</TD><TD STYLE="font: 11pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 11pt Arial; text-align: right">(2,137</TD>
    <TD STYLE="font: 11pt Arial; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Arial; text-align: left; padding-bottom: 1pt; padding-left: 10pt">Other income, net</TD><TD STYLE="font: 11pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: right">1,593</TD><TD STYLE="padding-bottom: 1pt; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: right">1,423</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Arial; text-align: left; padding-bottom: 1pt; padding-left: 20pt">Total other expense</TD><TD STYLE="font: 11pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: right">(178</TD><TD STYLE="padding-bottom: 1pt; font: 11pt Arial; text-align: left">)</TD><TD STYLE="font: 11pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: right">(714</TD>
    <TD STYLE="padding-bottom: 1pt; font: 11pt Arial; text-align: left">)</TD></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Arial; text-align: left; padding-left: 20pt">Income before income taxes</TD><TD STYLE="font: 11pt Arial">&nbsp;</TD>
    <TD STYLE="font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; text-align: right">82,223</TD><TD STYLE="font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 11pt Arial; text-align: right">64,245</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Arial; text-align: left; padding-bottom: 1pt; padding-left: 20pt">Income taxes</TD><TD STYLE="font: 11pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: right">29,608</TD><TD STYLE="padding-bottom: 1pt; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Arial; text-align: right">22,823</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Arial; text-align: left; padding-bottom: 2.5pt; padding-left: 20pt">Net income</TD><TD STYLE="font: 11pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: right">52,615</TD><TD STYLE="padding-bottom: 2.5pt; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: left">$</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: right">&nbsp;41,422</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Arial; text-align: left; padding-bottom: 2.5pt; padding-left: 20pt">Basic net income per common share</TD><TD STYLE="font: 11pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: right">0.42</TD><TD STYLE="padding-bottom: 2.5pt; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: left">$</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: right">0.33</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Arial; padding-bottom: 2.5pt; padding-left: 20pt">Weighted average common shares outstanding</TD><TD STYLE="font: 11pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: right">126,217</TD><TD STYLE="padding-bottom: 2.5pt; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: right">125,460</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Arial; text-align: left; padding-bottom: 2.5pt; padding-left: 20pt">Diluted net income per common share</TD><TD STYLE="font: 11pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: right">0.40</TD><TD STYLE="padding-bottom: 2.5pt; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: left">$</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: right">0.32</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Arial; padding-bottom: 2.5pt; padding-left: 20pt">Diluted weighted average common shares outstanding</TD><TD STYLE="font: 11pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: right">131,517</TD><TD STYLE="padding-bottom: 2.5pt; font: 11pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 11pt Arial; text-align: right">130,706</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

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<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>- 3 -</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>Copart, Inc. ~ 14185 Dallas
Parkway, Suite 300, Dallas, Texas 75254 ~ (972) 391-5000</P>

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


<HR SIZE=5 COLOR=GRAY NOSHADE>
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<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; font-size:14pt" align=center><B>Copart, Inc.</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=center><B>Consolidated Balance Sheets </B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>(in thousands)</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>(Unaudited)</P>
<P style="line-height:13pt; margin:0px" align=center><BR></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>

    <TD COLSPAN="3" STYLE="font: bold 10pt Arial; text-align: center; border-bottom: Black 1pt solid">October 31, <BR>&nbsp;2014</TD><TD STYLE="font: bold 11pt Arial">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: bold 10pt Arial; text-align: center; border-bottom: Black 1pt solid">July&nbsp;31, <BR>2014</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Arial; text-align: center">ASSETS</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="5" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Arial; text-align: left">Current assets:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 56%; font: 10pt Arial; text-align: left; padding-left: 10pt">Cash and cash equivalents</TD><TD STYLE="width: 8%; font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Arial; text-align: left">$</TD><TD STYLE="width: 12%; font: 10pt Arial; text-align: right">198,484</TD><TD STYLE="width: 1%; font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Arial; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">158,668</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-left: 10pt">Accounts receivable, net</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">204,810</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">196,985</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-left: 10pt">Vehicle pooling costs and inventories</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">30,986</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">31,697</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-left: 10pt">Income taxes receivable</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">404</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">2,288</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-left: 10pt">Deferred income taxes</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">4,031</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">1,803</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-left: 10pt">Prepaid expenses and other assets</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">18,487</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">19,505</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-bottom: 1pt; padding-left: 10pt">Assets held for sale</TD><TD STYLE="font: 10pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial; text-align: right">564</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial; text-align: right">1,345</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-left: 20pt">Total current assets</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">457,766</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">412,291</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial; text-align: left">Property and equipment, net</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">691,981</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">692,383</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Arial; text-align: left">Intangibles, net</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">24,259</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">25,242</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial">Goodwill</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">276,889</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">283,780</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Arial; text-align: left">Deferred income taxes</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">35,474</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">36,721</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-bottom: 1pt">Other assets</TD><TD STYLE="font: 10pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial; text-align: right">50,217</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial; text-align: right">56,387</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-bottom: 2.5pt; padding-left: 20pt">Total assets</TD><TD STYLE="font: 10pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Arial; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Arial; text-align: right">1,536,586</TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Arial; text-align: left">$</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Arial; text-align: right">1,506,804</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Arial; text-align: center">LIABILITIES AND STOCKHOLDERS&rsquo; EQUITY</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial; text-align: left">Current liabilities:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-left: 10pt">Accounts payable and accrued liabilities</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">$</TD><TD STYLE="font: 10pt Arial; text-align: right">153,799</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">152,156</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-left: 10pt">Deferred revenue</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">3,815</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">4,170</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-left: 10pt">Income taxes payable</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">25,906</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">8,284</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-left: 10pt; padding-bottom: 1pt">Current portion of long-term debt and capital lease obligations</TD><TD STYLE="font: 10pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right; border-bottom: Black 1pt solid">76,171</TD><TD STYLE="font: 10pt Arial; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: 10pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right; border-bottom: Black 1pt solid">79,674</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-left: 20pt">Total current liabilities</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">259,691</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">244,284</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial; text-align: left">Deferred income taxes</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">6,854</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">7,372</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Arial; text-align: left">Income taxes payable</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">24,227</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">23,771</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial; text-align: left">Long-term debt and capital lease obligations</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">203,868</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">223,227</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-bottom: 1pt">Other liabilities</TD><TD STYLE="font: 10pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right; border-bottom: Black 1pt solid">4,515</TD><TD STYLE="font: 10pt Arial; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: 10pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right; border-bottom: Black 1pt solid">4,651</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-left: 20pt">Total liabilities</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">499,155</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">503,305</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Arial; text-align: left">Commitments and contingencies</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial; text-align: left">Stockholders&rsquo; equity:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-left: 20pt">Preferred stock</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">&mdash;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-left: 20pt">Common stock</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">13</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">13</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-left: 10pt">Additional paid-in capital</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">410,629</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">404,542</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-left: 10pt">Accumulated other comprehensive loss</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">(43,936</TD><TD STYLE="font: 10pt Arial; text-align: left">)</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right">(20,060</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-left: 10pt; padding-bottom: 1pt">Retained earnings</TD><TD STYLE="font: 10pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right; border-bottom: Black 1pt solid">670,725</TD><TD STYLE="font: 10pt Arial; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: 10pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right; border-bottom: Black 1pt solid">619,004</TD>
    <TD STYLE="font: 10pt Arial; text-align: left; padding-bottom: 1pt"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-left: 20pt; padding-bottom: 1pt">Total stockholders&rsquo; equity</TD><TD STYLE="font: 10pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right; border-bottom: Black 1pt solid">1,037,431</TD><TD STYLE="font: 10pt Arial; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: 10pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right; border-bottom: Black 1pt solid">1,003,499</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Arial; text-align: left; padding-bottom: 2.5pt; padding-left: 20pt">Total liabilities and stockholders&rsquo; equity</TD><TD STYLE="font: 10pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Arial; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Arial; text-align: right">1,536,586</TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Arial; text-align: left">$</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Arial; text-align: right">1,506,804</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: right"></TD></TR>
</TABLE>

&nbsp;<BR>
&nbsp;<BR>
&nbsp;<BR>

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


<HR SIZE=5 COLOR=GRAY NOSHADE>
<PAGE>

<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:14pt" align=center><B>Copart, Inc.</B></P>
<P style="line-height:13pt; 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 CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 9.5pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font: bold 9.5pt Arial; text-align: center; border-bottom: Black 1pt solid">Three&nbsp;Months&nbsp;Ended<BR> October&nbsp;31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 9.5pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: bold 9.5pt Arial; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font: bold 9.5pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: bold 9.5pt Arial; text-align: center; border-bottom: Black 1pt solid">2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 9.5pt Arial; text-align: left">Cash flows from operating activities:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 56%; font: 9.5pt Arial; text-align: left; padding-left: 10pt">Net income</TD><TD STYLE="width: 8%; font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 9.5pt Arial; text-align: left">$</TD><TD STYLE="width: 12%; font: 9.5pt Arial; text-align: right">52,615</TD>
<TD STYLE="width: 1%; font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 9.5pt Arial; text-align: left">$</TD>
    <TD STYLE="width: 8%; font: 9.5pt Arial; text-align: right">41,422</TD>
    <TD STYLE="width: 1%; font: 9.5pt Arial; text-align: right">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 20pt; text-indent: -10pt">Adjustments to reconcile net income to net cash provided by operating activities:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 20pt">Depreciation and amortization</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">13,967</TD><TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">14,504</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 20pt">Allowance for doubtful accounts</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">113</TD><TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">350</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9.5pt Arial; padding-left: 20pt">Stock-based compensation</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">4,366</TD><TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">4,867</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 20pt">Excess tax benefits from stock-based compensation</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">(361</TD><TD STYLE="font: 9.5pt Arial; text-align: left">)</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">(58</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 20pt">Gain on sale of property and equipment</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">(261</TD><TD STYLE="font: 9.5pt Arial; text-align: left">)</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">(674</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 20pt">Deferred income taxes</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">(1,295</TD><TD STYLE="font: 9.5pt Arial; text-align: left">)</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">(3,010</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 30pt; text-indent: -10pt">Changes in operating assets and liabilities, net of effects from acquisitions:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 30pt">Accounts receivable</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">(9,004</TD><TD STYLE="font: 9.5pt Arial; text-align: left">)</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">(4,706</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 30pt">Vehicle pooling costs and inventories</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">272</TD><TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">1,066</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 30pt">Prepaid expenses and other current assets</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">633</TD><TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">(3,699</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 30pt">Other assets</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">2,586</TD><TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">(15,027</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 30pt">Accounts payable and accrued liabilities</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">(79</TD><TD STYLE="font: 9.5pt Arial; text-align: left">)</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">6,483</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 30pt">Deferred revenue</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">(353</TD><TD STYLE="font: 9.5pt Arial; text-align: left">)</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">(654</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 30pt">Income taxes receivable</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">2,236</TD><TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">7,633</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 30pt">Income taxes payable</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">18,434</TD><TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">16,909</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-bottom: 1pt; padding-left: 30pt">Other liabilities</TD><TD STYLE="font: 9.5pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Arial; text-align: right">(503</TD><TD STYLE="padding-bottom: 1pt; font: 9.5pt Arial; text-align: left">)</TD><TD STYLE="font: 9.5pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Arial; text-align: right">2,309</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 40pt">Net cash provided by operating activities</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">83,366</TD><TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">67,715</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 9.5pt Arial; text-align: left">Cash flows from investing activities:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 10pt">Purchases of property and equipment including acquisitions</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">(23,388</TD><TD STYLE="font: 9.5pt Arial; text-align: left">)</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">(21,595</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-bottom: 1pt; padding-left: 10pt">Proceeds from sale of property and equipment</TD><TD STYLE="font: 9.5pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Arial; text-align: right">689</TD><TD STYLE="padding-bottom: 1pt; font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Arial; text-align: right">853</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 40pt">Net cash used in investing activities</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">(22,699</TD><TD STYLE="font: 9.5pt Arial; text-align: left">)</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">(20,742</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 9.5pt Arial; text-align: left">Cash flows from financing activities:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 10pt">Proceeds from the exercise of stock options</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">1,931</TD><TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">82</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 10pt">Excess tax benefit from stock-based compensation</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">361</TD><TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">58</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 10pt">Principal payments on long-term debt</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">(18,750</TD><TD STYLE="font: 9.5pt Arial; text-align: left">)</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">(18,750</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 10pt">Change in bank overdraft</TD><TD STYLE="font: 10pt Arial">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font: 10pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">(16,291</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-bottom: 1pt; padding-left: 10pt">Repurchase of common stock</TD><TD STYLE="font: 9.5pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Arial; text-align: right">(1,121</TD><TD STYLE="padding-bottom: 1pt; font: 9.5pt Arial; text-align: left">)</TD><TD STYLE="font: 9.5pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Arial; text-align: right">(80</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-left: 40pt">Net cash used in financing activities</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">(17,579</TD><TD STYLE="font: 9.5pt Arial; text-align: left">)</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">(34,981</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-bottom: 1pt">Effect of foreign currency translation</TD><TD STYLE="font: 9.5pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Arial; text-align: right">(3,272</TD><TD STYLE="padding-bottom: 1pt; font: 9.5pt Arial; text-align: left">)</TD><TD STYLE="font: 9.5pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Arial; text-align: right">1,429</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9.5pt Arial; text-align: left">Net increase in cash and cash equivalents</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; text-align: right">39,816</TD><TD STYLE="font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 9.5pt Arial; text-align: right">13,421</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-bottom: 1pt">Cash and cash equivalents at beginning of period</TD><TD STYLE="font: 9.5pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Arial; text-align: right">158,668</TD><TD STYLE="padding-bottom: 1pt; font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Arial; text-align: right">63,631</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-bottom: 2.5pt">Cash and cash equivalents at end of period</TD><TD STYLE="font: 9.5pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 9.5pt Arial; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 9.5pt Arial; text-align: right">198,484</TD><TD STYLE="padding-bottom: 2.5pt; font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 9.5pt Arial; text-align: left">$</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 9.5pt Arial; text-align: right">77,052</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 9.5pt Arial; text-align: left">Supplemental disclosure of cash flow information:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-bottom: 2.5pt; padding-left: 10pt">Interest paid</TD><TD STYLE="font: 9.5pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 9.5pt Arial; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 9.5pt Arial; text-align: right">1,910</TD><TD STYLE="padding-bottom: 2.5pt; font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 9.5pt Arial; text-align: left">$</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 9.5pt Arial; text-align: right">2,286</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9.5pt Arial; text-align: left; padding-bottom: 2.5pt; padding-left: 10pt">Income taxes paid</TD><TD STYLE="font: 9.5pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 9.5pt Arial; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 9.5pt Arial; text-align: right">10,030</TD><TD STYLE="padding-bottom: 2.5pt; font: 9.5pt Arial; text-align: left">&nbsp;</TD><TD STYLE="font: 9.5pt Arial; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 9.5pt Arial; text-align: left">$</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 9.5pt Arial; text-align: right">1,548</TD>
    <TD>&nbsp;</TD>
    </TR>
</TABLE>

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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, Texas 75254 ~ (972) 391-5000</P>
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