Copart (NASDAQ: CPRT) runs an online auction system for salvage vehicles - damaged cars which insurance companies have deemed too costly to repair, often termed a "total loss". Buyers purchase these cars primarily to dismantle them and reuse the parts; however, some used car dealers repair and sell cars purchased from Copart. Copart charges both buyers and sellers to participate in the auction - sellers generally pay a fee based on the final sale value of the vehicle. There, however, is increasing competition in the growing salvage vehicle industry after the merger of Copart's competitors Adesa (KAR) and Insurance Auto Auctions Inc.

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