On October 2, 2009, Barry Rosenstein notified that he will not be standing for re-election to the Board of Directors of Copart Inc. at the annual meeting of shareholders of the company to be held on December 3, 2009, but will serve the remainder of his term which will expire on the date of the 2009 Annual Meeting. To the knowledge of the executive officers of the company, Mr. Rosenstein’s decision not to stand for re-election is not due to any disagreement with the company on any matter relating to the company’s operations, policies or practices.

Copart Inc., Annual General Meeting, Dec 03, 2009, at 09:00 US Pacific Time. Location: 4665 Business Center Drive, Fairfield, CA 94534,United States. Agenda: To re-elect the directors to serve until the 2010 Annual Meeting of Shareholders or in each case until their successors are duly elected and qualified: Willis J. Johnson; A. Jayson Adair; Matt Blunt; Steven D. Cohan; Daniel J. Englander; James E. Meeks; and Thomas W. Smith; to ratify the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending July 31, 2010; and to transact such other business as may properly come before the meeting or any postponement(s) or adjournment(s) thereof .

Copart Inc. provided capital expenditure guidance for fiscal 2010. The company reported that capital expenditure budget for 2010 is approximately $40 million to $50 million. That is including maintenance, but excluding any opportunities that don't currently have budget for some acquisitions in that, built into that number that already have identified. Then capital expenditure number will increase from there. Currently, from that the company could see $30 million to $50 million.