Copart Inc SEC Filings

Copart (CPRT) Executive Chairman and Director A. Jayson Adair filed a Form 4 reporting transactions dated 01/06/2025.

The filing shows three transaction code G entries for common stock, each at a price of $0, reflecting disposals of 5,360, 21,200, and 21,200 shares from indirect holdings.

Following these transactions, indirect beneficial ownership reported includes 14,182,620 shares via the A. Jayson Adair and Tammi L. Adair Revocable Trust, 275,600 shares via the 2018 Willis and Reba Johnson Irrevocable Trust A, and 339,200 shares via The 2018 Willis and Reba Johnson Irrevocable Trust B.

Copart, Inc. reported fiscal 2025 revenues of $4.6 billion and operating income of $1.7 billion. The company operates a global virtual auction platform (VB3) and had 281 facilities worldwide and approximately 11,600 employees as of July 31, 2025. Copart emphasizes technology-driven selling, expanded facilities in multiple countries in fiscal 2023–2025, and proprietary seller tools such as Copart Access, Co.ai, and IntelliSeller. Liquidity improved in fiscal 2025 with higher net cash from operations, no outstanding borrowings under a $1.25 billion revolving loan facility, and ongoing capital expenditures for facility expansion and software. Foreign currency translation produced a $120.3 million cumulative translation loss recognized in accumulated other comprehensive income. Management reported effective disclosure controls and internal control over financial reporting as of July 31, 2025.

Leah C. Stearns, Chief Financial Officer of Copart, Inc. (CPRT), was granted stock option awards on 09/16/2025 totaling 150,000 option shares with an exercise price of $46.57 per share. The awards consist of two option grants of 75,000 shares each, exercisable through 09/16/2035. Twenty percent of each option vests on the first anniversary of the grant and the remainder vests over the following 48 months, with monthly vesting described for one award.

One award includes a performance-based condition: shares may not be exercised unless Copart common stock trades at or above $58.21 (125% of the exercise price) at exercise and for the 20 consecutive trading days prior to exercise.

Copart Inc. (CPRT) director Thomas N. Tryforos reported exercising stock options and simultaneously selling the underlying shares on 09/15/2025. The Form 4 shows Tryforos acquired 228,840 shares by exercising options at an exercise price of $4.91 per share and sold 228,840 shares at a weighted average price of $47.54 per share (sales ranged from $47.38 to $47.70). Following these transactions the reporting person beneficially owned 0 shares. The filing was signed by an attorney-in-fact on 09/17/2025 and references the company’s 2007 Equity Incentive Plan and prior option adjustments due to stock splits.

COPART, INC. (CPRT) Form 144 reports a proposed sale of 228,840 common shares to be executed through Morgan Stanley Smith Barney LLC on 09/15/2025. The filing shows the shares were acquired the same day via stock option exercise and paid for in cash. The aggregate market value of the proposed sale is $10,879,053.60, against 966,936,214 shares outstanding. The filer states there were no securities sold in the past three months and affirms no undisclosed material adverse information regarding the issuer.

Copart, Inc. furnished a Form 8-K reporting under Item 2.02 that it issued a press release on September 4, 2025 announcing its financial results for the fourth quarter of fiscal year 2025, which ended July 31, 2025. The company states the full text of that press release is furnished as Exhibit 99.1. The filing clarifies that the disclosed information and Exhibit 99.1 are "furnished" and not "filed" under the Securities Exchange Act, and therefore are not automatically incorporated by reference into other registration statements. No financial figures, results, or narrative from the press release are included in this Form 8-K text.