COPART INC

Our growth strategy is to increase revenues and profitability by, among other things, (i) expanding our insurance vehicle remarketing business internationally; (ii) increasing our whole-car vehicle volumes and related services; (iii) developing and providing technology-enabled services to our vehicle sellers, buyers, and other customers. We intend to pursue these strategies through both organic growth, primarily within our core insurance business, and inorganically through the development or acquisition of complementary businesses and facilities. To implement these strategies, we intend to continue to do the following:

Expand Our International Insurance Business

Our strategy is to grow our insurance vehicle remarketing business internationally by leveraging our existing operating capabilities, technology platforms, global buyer network, and relationships with insurance companies. We may pursue this growth through the development or acquisition of facilities, entry into new markets, expansion of existing operations, and the establishment of additional relationships with global, national, and regional insurance companies.

Increase Whole-Car Volumes and Services in the United States

Our strategy is to grow our whole-car business by expanding relationships with vehicle sellers and developing services that support the remarketing of vehicles through wholesale channels. We seek to use our national operating footprint, marketplace technology, transportation capabilities, global buyer network, and vehicle-processing expertise to provide sellers with efficient and transparent disposition alternatives. To accomplish this strategy, it may include expanding services available to dealers, manufacturers, financial institutions, rental and fleet companies, and other vehicle sellers, and using technology to improve vehicle information, bidding, transaction processing, transportation coordination, and post-sale services. We also expect to evaluate opportunities to leverage our existing facilities and infrastructure to support additional whole-car volumes and related services. For example, we entered into an Agreement and Plan of Merger (the “Merger Agreement”) with ACV Auctions Inc., a Delaware corporation (“ACV”), and Apple Merger Sub, Inc., a Delaware corporation and our wholly owned subsidiary (“Merger Sub”) to acquire all of ACV’s outstanding shares of common stock for $10.50 per share, net to the seller in cash, without interest, subject to any required withholding of taxes, and we expect to complete such acquisition by the end of the calendar year .

Develop Technology Services for Our Customers

Our strategy is to grow our technology services that improve the vehicle remarketing process for sellers, buyers, and other customers. These may include tools that provide real-time access to inventory, vehicle condition and sales data; facilitate digital vehicle assignment and claims processing; support transportation and title-related workflows; integrate seller systems with our platforms; improve pricing and valuation information; and provide reporting and analytics to assist customers in managing their vehicle portfolios.