The provided text is an excerpt from a Wikipedia article focusing on the company Copart, Inc., which is identified as an American automotive auction company and a multi-national provider of online vehicle auction and remarketing services. The source outlines the company's history, beginning with its founding in 1982 by Willis J. Johnson, detailing its growth and shift to an exclusively online auction model using patented technology like VB3. Furthermore, the article provides detailed corporate information and financial data from 2025, noting that Copart is a public company traded on the NASDAQ and is a component of both the Nasdaq-100 and S&P 500 indexes. It also describes Copart’s products and operations, including major revenue streams from service fees and vehicle sales, noting that the primary sellers are insurance companies with total-loss vehicles.