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Letter to the Editor

Copart, Inc. Announces Pricing of Public Offering

BENICIA, Calif. -- Copart, Inc. has announced the pricing of its public offering of 4,000,000 shares of common stock at $29.00 per share. All 4,000,000 shares are being offered by Copart. The closing of the offering is expected to occur on or before November 19, 2001, and is subject to customary closing conditions. The Company has also granted the underwriters an option to purchase an additional 600,000 shares to cover over-allotments, if any. Salomon Smith Barney served as book-running manager for the offering, with Credit Suisse First Boston and A.G. Edwards & Sons, Inc. participating as co-managers.

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