Exhibit 99.1

Copart, Inc.

For Immediate Release

Copart Reports Third Quarter Financial Results

Fairfield, Calif. (June 5, 2007) — Copart, Inc. (NASDAQ: CPRT) the largest provider of vehicle salvage disposition services in the United States, today reported results for the third quarter ended April 30, 2007.

During the three months ended April 30, 2007, revenue and income from continuing operations were $145.7 million and $38.9 million, respectively.  This represents a decrease in revenue of $3.9 million or 3% and a growth in income from continuing operations of $5.7 million or 17% over the same quarter last year.  Fully diluted earnings per share (EPS) from continuing operations for the three months was $.41 compared to $.36 last year, an increase of 14%.

For the nine months ended April 30, 2007, revenue and income from continuing operations were $406.7 million and $99.6 million, respectively.  This represents a growth in revenue of $15.3 million or 4% and a growth in income from continuing operations of $17.7 million or 22% over the same period last year.  Fully diluted earnings per share (EPS) from continuing operations for the nine months was $1.06 compared to $.88 for the same period last year, an increase of 20%.

The operating results for the three and nine months ended April 30, 2006 were adversely affected by incremental costs incurred as a result of hurricanes in the Gulf coast region and were estimated to be approximately $2.6 million and $12.0 million, respectively.  At the end of the second quarter of fiscal 2007, virtually all of the incremental salvage vehicles received as a result of the hurricanes have been sold.  The processing of the hurricane vehicles has had, in certain historical periods, a negative impact on gross and operating margin percentages.

On Wednesday, June 6, 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 https://cis.premconf.com/sc/scw.dll/usr?cid=vlllrznsdzlvwrxnn.  A replay of the call will be available through June 12, 2007 by calling (888) 203-1112.  Use confirmation code #7530479.

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

Copart, founded in 1982, provides vehicle suppliers, primarily insurance companies, with a full range of services to process and sell salvage vehicles through a completely virtual auction-style trading platform, principally to licensed dismantlers, rebuilders and used vehicle dealers.  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.  The Company operates 124 facilities in the United States and Canada.  It also provides services in other locations through its national network of independent salvage vehicle processors.

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.  Our business has become increasingly reliant on proprietary and non-proprietary technologies, and it is difficult to forecast with accuracy what impact these changes in our business model will have.  We depend on a limited number of major suppliers of salvage vehicles.  If we are unable to maintain these supply relationships, our revenues and operating results would be adversely affected. We recently announced the proposed acquisition of Universal Salvage plc, whose business operations are located in the United Kingdom. We do not have any historic experience operating outside of North America, and completion of the acquisition will result in the Company facing new risks associated with operating in international markets.  In addition, our revenues, operating results, financial condition, and growth rates are subject to numerous other risks, including our ability to complete and integrate new acquisitions, environmental and regulatory risks, and the other factors described under the caption “Risk Factors” in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We encourage investors to review these disclosures carefully.

Contact:	Simon Rote, Vice President of Finance
	(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,
	2007		2006			2007			2006
Revenues	$	145,652	$	149,512		$	406,698		$	391,351
Operating costs and expenses:
Yard operations	72,665		80,048			211,433			223,779
General and administrative	15,758		16,113			45,980			43,207
Total operating expenses	88,423		96,161			257,413			266,986
Operating income	57,229		53,351			149,285			124,365
Other income (expense):
Interest income, net	3,540		1,805			9,850			5,385
Other income, net	1,256		111			2,152			1,499
Equity in losses of unconsolidated investment	—		(1,578		)	(2,216		)	(2,428		)
Total other income	4,796		338			9,786			4,456
Income from continuing operations before income taxes	62,025		53,689			159,071			128,821
Income taxes	23,158		20,509			59,468			46,950
Income from continuing operations	38,867		33,180			99,603			81,871
Discontinued operations:
Income (loss) from discontinued operations, net of income tax effects	—		1,530			—			(16,497		)
Net income	$	38,867	$	34,710		$	99,603		$	65,374
Earnings per share-basic
Income from continuing operations	$	0.43	$	0.37		$	1.10		$	0.91
Income (loss) from discontinued operations	—		0.01			—			(0.19		)
Basic net income per share	$	0.43	$	0.38		$	1.10		$	0.72
Weighted average shares outstanding	91,271		90,293			90,836			90,360
Earnings per share-diluted
Income from continuing operations	$	0.41	$	0.36		$	1.06		$	0.88
Income (loss) from discontinued operations	—		0.01			—			(0.18		)
Diluted net income per share	$	0.41	$	0.37		$	1.06		$	0.70
Weighted average shares and dilutive potential common shares outstanding	93,785		92,884			93,634			92,883

Copart, Inc.

Consolidated Balance Sheets

(in thousands)

(Unaudited)

	April 30,		July 31,
	2007		2006
ASSETS
Current assets:
Cash and cash equivalents	$	120,779	$	126,590
Short-term investments	128,335		148,725
Accounts receivable, net	105,694		99,959
Vehicle pooling costs	27,877		29,148
Income taxes receivable	—		2,064
Prepaid expenses and other assets	4,409		4,864
Total current assets	387,094		411,350
Restricted cash and investments	127,900		—
Property and equipment, net	355,309		341,943
Intangibles, net	1,330		1,874
Goodwill	112,291		112,291
Deferred income taxes	8,089		5,137
Land purchase options and other assets	23,020		22,110
Total assets	$	1,015,033	$	894,705
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$	62,967	$	60,770
Deferred revenue	14,342		15,372
Income taxes payable	3,812		—
Deferred income taxes	3,199		7,191
Total current liabilities	84,320		83,333
Other liabilities	1,535		1,402
Total liabilities	85,855		84,735
Commitments and contingencies
Shareholders’ equity:
Common stock, no par value - 180,000 shares authorized; 91,287 and 90,445 shares issued and outstanding at April 30, 2007 and July 31, 2006, respectively	295,156		276,052
Accumulated other comprehensive income (loss)	464		(37		)
Retained earnings	633,558		533,955
Total shareholders’ equity	929,178		809,970
Total liabilities and shareholders’ equity	$	1,015,033	$	894,705