Copart Announces Preliminary Results of Its Tender Offer

Copart, Inc.

today announced the preliminary results of its modified "Dutch Auction" tender offer, which expired at 5:00 p.m., New York City time, on Monday, July 6, 2015. Based on the preliminary count by the depositary for the tender offer, Copart expects to accept for payment an aggregate of 6,262,579 shares of its common stock at a purchase price of $36.00 per share. These shares represent approximately 4.9 percent of the shares issued and outstanding. Based on the preliminary count by the depositary for the tender offer, an aggregate of 6,262,579 shares were properly tendered and not withdrawn at or below a price of $36.00, including 787,325 shares that were tendered through notice of guaranteed delivery. The number of shares to be purchased and the price per share are preliminary. The determination of the final number of shares to be purchased and the final price per share is subject to confirmation by the depositary of the proper delivery of the shares validly tendered and not withdrawn. The actual number of shares validly tendered and not withdrawn and the final price per share will be announced following the completion of the confirmation process. Payment for the shares accepted for purchase will occur promptly thereafter. Payment for shares will be made in cash, without interest. The self-tender offer was made pursuant to an Offer to Purchase and Letter of Transmittal, each dated June 4, 2015, in which the Company offered to purchase up to 13,888,888 shares at a price not greater than $36.00 per share and not less than $34.75 per share, filed with the Securities and Exchange Commission on June 4, 2015, as amended on June 24, 2015. The information agent is Georgeson Inc. and the depositary is Computershare Trust Company, N.A. For questions and information regarding the tender offer, please call the information agent at 1-800-932-9864.