Exhibit 99.1

Copart, Inc.

For Immediate Release

Copart Reports Third Quarter Financial Results

Fairfield, Calif. (June 3, 2009) — Copart, Inc. (NASDAQ: CPRT) today reported the results for the quarter ended April 30, 2009, the third quarter of its 2009 fiscal year.

For the three months ended April 30, 2009, revenue, operating income and income from continuing operations were $197.3 million, $64.9 million and $40.5 million, respectively. These represent decreases in revenue of $23.8 million, or 10.8% in operating income of $3.8 million, or 5.5%; and in income from continuing operations of $6.0 million, or 12.8%, respectively, from the same quarter last year. Fully diluted earnings per share from continuing operations for the three months were $0.48 compared to $0.52 last year, a decrease of 7.7%.

For the nine months ended April 30, 2009, revenue, operating income and income from continuing operations were $558.8 million, $169.9 million and $104.9 million, respectively. These represent decreases in revenue of $19.8 million, or 3.4%; in operating income of $2.6 million, or 1.5%; and in income from continuing operations of $11.2 million, or 9.6%, respectively, from the same period last year. Fully diluted earnings per share from continuing operations for the nine months ended April 30, 2009 were $1.23 compared to $1.28 last year, a decrease of 3.9%.

The change in the average GBP to USD exchange rate, which was 1.44 USD to 1.00 GBP this quarter and 1.98 USD to 1.00 GBP in the same quarter last year, reduced recorded revenue in the quarter by approximately $14.1 million.

On Thursday, June 4, 2009, 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

http://webcast.premiereglobal.com/view/wl/r.htm?e=149549&s=1&k=2E89C6760E9D70C6427A467E82608CDC. A replay of the call will be available through July 4, 2009 by calling (888) 203-1112. Use confirmation code #6577448.

About Copart

Copart, founded in 1982, provides vehicle sellers with a full range of remarketing services to process and sell salvage and clean titled vehicles to dismantlers, rebuilders, exporters and, in some states, to end users. Copart remarkets the vehicles through Internet sales utilizing its proprietary VB2 technology. Copart sells vehicles on behalf of insurance companies, banks, finance companies, fleet operators, dealers, car dealerships, the general public and others. The company currently operates 147 facilities in the United States, Canada and the United Kingdom. Salvage vehicles are either damaged vehicles deemed a total loss for insurance or business purposes or are recovered stolen vehicles for which an insurance settlement with the vehicle owner has already been made. For more information, or to become a registered buyer, visit www.copart.com.

Copart, Inc. ~ 4665 Business Center Drive, Fairfield, California 94534 ~ (707) 639-5000

Copart, Inc.

Cautionary Note About Forward-Looking Statements

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 “Management’s Discussion and Analysis” and the other risks identified in Copart’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. We do not undertake to update any forward-looking statement that may be made from time to time on our behalf.

Contact:		Cindy Cross, Assistant to the Chief Financial Officer
		(707) 639-5427

Copart, Inc. ~ 4665 Business Center Drive, Fairfield, California 94534 ~ (707) 639-5000

Copart, Inc.

Consolidated Statements of Income

(in thousands, except per share data)

(Unaudited)

	Three months ended April 30,				Nine months ended April 30,
	2009		2008		2009			2008
Net sales and revenue:
Vehicle Sales	$	32,324	$	52,156	$	94,738		$	122,934
Remarketing service fee revenue	165,002		168,994		464,012			455,632
Total net sales and revenue	$	197,326	$	221,150	$	558,750		$	578,566
Operating costs and expenses:
Cost of vehicle sales	26,798		43,708		80,520			99,561
Yard operations	76,968		81,315		221,487			219,950
Yard depreciation and amortization	8,093		7,961		24,413			23,889
Gross margin	85,467		88,166		232,330			235,166
General and administrative	18,463		17,575		55,511			54,905
General and administrative depreciation and amortization	2,124		1,907		6,883			7,716
Total operating expenses	132,446		152,466		388,814			406,021
Operating income	64,880		68,684		169,936			172,545
Other income (expense):
Interest income, net	480		1,377		1,469			6,592
Other income	536		813		(8		)	2,491
Total other income (loss)	1,016		2,190		1,461			9,083
Income before income taxes	65,896		70,874		171,397			181,628
Income taxes	25,384		24,397		66,478			65,517
Income from continuing operations	$	40,512	$	46,477	$	104,919		$	116,111
Discontinued Operations
Income from discontinued operations	1,557		—		1,557			—
Net Income	$	42,069	$	46,477	$	106,476		$	116,111
Earnings per share-basic
Income from continuing operations	$	0.48	$	0.53	$	1.26		$	1.32
Income from discontinued operations	0.02		—		0.02			—
Basic net income per share	$	0.50	$	0.53	$	1.28		$	1.32

Weighted average common shares outstanding	83,631		87,119		83,451			88,159

Earnings per share-diluted
Income from continuing operations	$	0.48	$	0.52	$	1.23		$	1.28
Income from discontinued operations	0.02		—		0.02			—
Diluted net income per share	$	0.50	$	0.52	$	1.25		$	1.28
Weighted average common shares and dilutive potential common shares outstanding	84,782		89,707		84,953			90,835

Copart, Inc. ~ 4665 Business Center Drive, Fairfield, California 94534 ~ (707) 639-5000

Copart, Inc.

Consolidated Balance Sheets

(in thousands)

(Unaudited)

	April 30, 2009			July 31, 2008
ASSETS

Current assets:
Cash and cash equivalents	$	118,963		$	38,954
Accounts receivable, net	107,472			111,705
Inventories and vehicle pooling costs	34,093			36,121
Income taxes receivable	8,568			19,041
Prepaid expenses and other assets	5,409			6,932
Total current assets	274,505			212,753
Property and equipment, net	524,184			510,340
Intangibles, net	14,754			21,901
Goodwill	160,712			177,164
Deferred income taxes	9,123			6,938
Land purchase options and other assets	22,708			27,151
Total assets	$	1,005,986		$	956,247

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$	77,646		$	88,883
Book overdraft	—			17,502
Deferred revenue	14,425			14,518
Income taxes payable	11,062			4,005
Deferred income taxes	4,168			2,768
Other current liabilities	378			576
Total current liabilities	107,679			128,252
Deferred income taxes	9,760			14,044
Income taxes payable	21,106			12,219
Other liabilities	1,750			2,736
Total liabilities	140,295			157,251
Commitments and contingencies
Shareholders’ equity:
Common stock, no par value - 180,000 shares authorized; 83,688 and 83,275 shares issued and outstanding at April 30, 2009 and July 31, 2008, respectively	324,254			316,673
Accumulated other comprehensive (loss) income	(41,381		)	833
Retained earnings	582,818			481,490
Total shareholders’ equity	865,691			798,996
Total liabilities and shareholders’ equity	$	1,005,986		$	956,247

Copart, Inc. ~ 4665 Business Center Drive, Fairfield, California 94534 ~ (707) 639-5000