UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 1)
Under the Securities Exchange Act of 1934
COPART, INC.
-----------------
(Name of Issuer)
Common Stock
-----------------------------
(Title of Class of Securities)
217204106
---------
(CUSIP Number)
Gregory D. Hitchan
Blum Capital Partners, L.P.
909 Montgomery Street, Suite 400
San Francisco, CA 94133
(415) 434-1111
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 29, 2005
-----------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the
following box [ ].
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
Page 1 of 7
CUSIP NO. 217204106 SCHEDULE 13D Page 2 of 7
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1. NAME OF REPORTING PERSON BLUM CAPITAL PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS* See Item 3 below
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION California
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7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,119,400**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,119,400**
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,119,400**
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.6%**
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14. TYPE OF REPORTING PERSON PN, IA
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** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 217204106 SCHEDULE 13D Page 3 of 7
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1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS* See Item 3 below
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION California
------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,119,400**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,119,400**
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,119,400**
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.6%**
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14. TYPE OF REPORTING PERSON CO
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** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 217204106 SCHEDULE 13D Page 4 of 7
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1. NAME OF REPORTING PERSON BLUM STRATEGIC GP II, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3395150
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS* See Item 3
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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7. SOLE VOTING POWER -0-
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,119,400**
BENEFICIALLY
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,119,400**
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,119,400**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.6%**
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14. TYPE OF REPORTING PERSON OO (Limited Liability Company)
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** See Item 5
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 217204106 SCHEDULE 13D Page 5 of 7
Item 1. Security and Issuer
----------------------------
This Amendment No. 1 amends the Statement on Schedule 13D
(the "Schedule 13D") filed with the Securities and Exchange Commission
(the "Commission") on November 1, 2004 by Blum Capital Partners, L.P.,
a California limited partnership ("Blum LP"); Richard C. Blum & Associates,
Inc., a California corporation ("RCBA Inc."); Blum Strategic GP II, L.L.C.,
a Delaware limited liability company ("Blum GP II"); (collectively, the
"Reporting Persons") and Richard C. Blum. This Amendment to the Schedule
13D relates to shares of common stock, no par value per share (the
"Common Stock") of Copart, Inc., a California corporation (the "Issuer").
The principal executive office and mailing address of the Issuer is 4665
Business Center Drive, Fairfield, California 94534. The following amendments
to the Schedule 13D are hereby made. Unless otherwise defined herein, all
capitalized terms shall have the meanings ascribed to them in the Schedule 13D.
Item 5. Interest in Securities of the Issuer
---------------------------------------------
(a),(b) According to the Issuer's most recent Form 10-Q, there were
90,241,091 shares of Common Stock issued and outstanding as of June 8,
2005. Based on such information, after taking into account the
transactions described in Item 5(c) below, the Reporting Persons report
beneficial ownership of the following shares of Common Stock:
(i) 1,853,800 shares of Common Stock held by Blum LP and RCBA Inc. on
behalf of the limited partnerships for which Blum LP serves as the general
partner, or on behalf of an entity for which Blum LP serves as investment
advisor, which represents 2.1% of the outstanding shares of the Common
Stock; (ii) 2,168,600 shares of the Common Stock held by Blum GP II on
behalf of the limited partnership for which it serves as the general
partner and on behalf of the limited partnership for which it serves as
the managing limited partner, which represents 2.4% of the outstanding
shares of the Common Stock; and (iii) 48,500 shares of the Common Stock
that are legally owned by The Nuclear Decommissioning Trust of Dominion
Nuclear Connecticut, Inc. ("Dominion Connecticut") and 48,500 shares of
the Common Stock that are legally owned by Virginia Electric and Power
Company Qualified Nuclear Decommissioning Trust ("Virginia Electric")
(collectively, the "Investment Advisory Clients"), with respect to which
Blum LP has voting and investment power. Each Investment Advisory Client
has entered into an investment management agreement with Blum LP, but
neither Investment Advisory Client has any contract, arrangement or
understanding with the other Investment Advisory Client, or any other
Reporting Person, with respect to the acquisition, ownership, disposition
or voting of any shares of the Common Stock. Each Investment Advisory
Client disclaims membership in a group with any Reporting Person or
with the other Investment Advisory Client, and each disclaims beneficial
ownership of any shares beneficially owned by the Reporting Persons other
than for their own account.
Voting and investment power concerning the above shares are held solely
by Blum LP and Blum GP II. The Reporting Persons therefore may be deemed
to be members in a group, in which case the group would be deemed to
CUSIP NO. 217204106 SCHEDULE 13D Page 6 of 7
have beneficial ownership of an aggregate of 4,119,400 shares of the
Common Stock, which is 4.6% of the outstanding Common Stock. As the
sole general partner of Blum LP, RCBA Inc. is deemed the beneficial
owner of the securities over which Blum LP has voting and investment
power. The filing of this Schedule shall not be construed as an
admission that any of the shareholders, directors, executive officers
of RCBA Inc. or the managing members or members of Blum GP II, is, for
any purpose, the beneficial owner of any of the securities that are
beneficially owned by RCBA Inc. or Blum GP II.
c) During the last 60 days, the Reporting Persons purchased the following
shares of Common Stock in the open market:
Entity Trade Date Shares Price/Share
------ ---------- ------ ------------
Investment partnerships for 09-29-05 230,900 23.8972
which Blum LP serves as the
general partner and on behalf
of an entity for which Blum LP
serves as investment advisor.
Entity Trade Date Shares Price/Share
------ ---------- ------- ----------
The limited partnerships for 09-29-05 270,100 23.8972
which Blum GP II serves as the
general partner and the managing
limited partner.
Entity Trade Date Shares Price/Share
------ ---------- ------ ------------
The Investment Advisory 09-29-05 12,000 23.8972
Clients for which Blum LP
serves as investment advisor.
(d) and (e) Not applicable.
Item 7. Material to be Filed as Exhibits
-----------------------------------------
Exhibit A Joint Filing Undertaking.
CUSIP NO. 217204106 SCHEDULE 13D Page 7 of 7
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated: September 30, 2005
RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P.
By: Richard C. Blum & Associates, Inc.
its general partner
By: /s/ Gregory D. Hitchan By: /s/ Gregory D. Hitchan
------------------------------- -----------------------------------
Gregory D. Hitchan Gregory D. Hitchan
General Counsel and Secretary General Counsel and Secretary
BLUM STRATEGIC GP II, L.L.C.
By: /s/ Gregory D. Hitchan
-------------------------------
Gregory D. Hitchan
Member and General Counsel
CUSIP NO. 217204106 SCHEDULE 13D Page 1 of 1
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this
agreement as an exhibit to this Schedule 13D to evidence the agreement
of the below-named parties, in accordance with the rules promulgated
pursuant to the Securities Exchange Act of 1934, to file this Schedule
jointly on behalf of each such party.
Dated: September 30, 2005
RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P.
By: Richard C. Blum & Associates, Inc.
its general partner
By: /s/ Gregory D. Hitchan By: /s/ Gregory D. Hitchan
------------------------------- -----------------------------------
Gregory D. Hitchan Gregory D. Hitchan
General Counsel and Secretary General Counsel and Secretary
BLUM STRATEGIC GP II, L.L.C.
By: /s/ Gregory D. Hitchan
-------------------------------
Gregory D. Hitchan
Member and General Counsel