Copart Expands Operations into the United Arab Emirates

Copart, Inc.

, a leading real-time online vehicle auction company, today announced the acquisition of Ride Safely Middle East Auction, LLC located in Dubai, UAE. This acquisition will serve as the headquarters for its operations in the GCC (Gulf Cooperation Council) which includes the countries of Kuwait, the Kingdom of Saudi Arabia, the United Arab Emirates, Qatar, Bahrain and Oman. The UAE is the second largest international destination for cars sold from Copart's North American yards. “With an existing buyer base in the region that is familiar with Copart,” said Copart's CEO, Jay Adair, “the decision to enter the UAE market was an easy one. We feel this entry will bring significant value to our