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Ron Hornaday Jr. Wins Copart Challenge of Champions

Sat. October 31, 2009; Posted: 10:37 PM
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FAIRFIELD, Calif., Oct 31, 2009 (BUSINESS WIRE) -- CPRT | Quote | Chart | News | PowerRating -- Copart, Inc. (NASDAQ:CPRT), a leading online vehicle auction, is proud to announce that Ron Hornaday Jr. has won the Copart Challenge of Champions and been awarded $5,000 to donate to his favorite charity -- Victory Junction, a camp for chronically or terminally ill children.

"I want to thank Copart for their support this season and their generosity for providing $5,000 to Victory Junction," Hornaday said. "My wife Lindy and I have chosen to give the money to Victory Junction because kids are a passion of ours. They are the future of our sport and anything that I can do on or off the race track to help raise money for sick children I am more than willing to do."

Hornaday won the Challenge against fellow Camping World Truck Series Driver Todd Bodine with a final score of 642 to 594.

Copart sponsors two Truck Series champions -- the No. 33 Copart truck driven by Hornaday, the 2007 champion, and the No. 30 Copart Tundra driven by Bodine, the 2006 champion. The two champions have raced Copart-sponsored trucks three times each over the course of multiple truck series events in the Copart Challenge of Champions, and raced a fourth time today in Copart trucks in Talladega. Hornaday, who accumulated the most points while driving a Copart truck during the specified races, was named the winner today and presented a trophy along with $5,000 for his charity.

Hornaday came into the Talladega race 106 points ahead of Bodine and clinched his victory with a 17th-place finish today in Talladega. Bodine finished third in Talladega, but it wasn't enough to catch Hornaday.

Hornaday's win also was a win for Sheryl Montavan of Rockford, Illinois, who was chosen to receive a VIP race weekend in Talladega to cheer on Hornaday after voting for him at www.copart.com in the Copart Challenge of Champions Sweepstakes. Because Hornaday won the Challenge, Montavan also received autographed memorabilia from Hornaday and a lifetime status as a Copart member.

"I want to thank Todd Bodine for being a great competitor. It was fun to compete against him and he gave me a good race and helped put on a good show for the fans," said Hornaday.

Copart President Jay Adair congratulated both drivers on their competitiveness.

"They are both champions to me, and Copart has been proud to have both such outstanding competitors represent us this season," Adair said. "Congratulations to Ron for wining the Copart Challenge of Champions!"

Copart sells more than 1 million cars per year and has more than 50,000 vehicles each day to choose from including classics, early and late model cars, trucks, SUVs, motorcycles, boats, snowmobiles, jet skis and recreational vehicles. Copart sells vehicles in an online auction, in which people bid against each other to get a great deal. The highest bidder wins the auction, and just like in the Copart Challenge of Champions, winning is awesome!

For more information about Copart, visit www.copart.com. For more information about Ron Hornaday visit www.KevinHarvickInc.com. For more information about Todd Bodine visit www.GermainRacing.com. Fans can also get all the latest Copart Racing news at www.facebook.com/copartracing or at www.twitter.com/copartracing.

About Copart

Copart, founded in 1982, provides vehicle sellers with a full range of remarketing services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and, in some states, to end users. Copart remarkets the vehicles through Internet sales utilizing its patented VB(2) 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 member, visit www.copart.com.

Cautionary Language Regarding Forward-looking statements

This press release contains forward-looking statements within the meaning of federal securities laws, including statements regarding our expectations with respect to our Copart Challenge of Champions and our sponsorship involvement with Germain Racing and Kevin Harvick, Inc. In particular, we can provide no assurance that our racing sponsorships or racing sweepstakes as described in this press release will result in an increase in our brand awareness, customer base, sales volumes, or revenues. 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.

SOURCE: Copart, Inc.

Copart, Inc. 
Marla J. Pugh, 707-639-5185 
Communications Manager 
Marla.Pugh@Copart.com
For full details on Copart Inc (CPRT) click here. Copart Inc (CPRT) has Short Term PowerRatings of 5. Details on Copart Inc (CPRT) Short Term PowerRatings is available at This Link.

    


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