STOCK TITAN

Copart Q4 profit drops 17% on rising expenses

Copart shows slight revenue growth but lower margins and earnings, while generating strong cash flow and deploying over $1.6 billion on share repurchases.

(Very High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

COPART, INC. (CPRT) reported mixed results for the quarter and year ended July 31, 2026, with modest revenue growth but lower profitability.

For the fourth quarter, revenue was $1.15 billion, up 2.4%, while gross profit fell 5.5% to $481.4 million and net income attributable to Copart declined 17.4% to $327.4 million. Diluted EPS decreased from $0.41 to $0.35, a 14.6% decline, as total operating expenses rose 10%.

For the full year, revenue was $4.67 billion (up 0.4%), but net income attributable to Copart decreased 4.4% to $1.48 billion and diluted EPS slipped to $1.55 from $1.59. Operating cash flow remained strong at $1.60 billion, while Copart repurchased $1.63 billion of common stock and ended the year with $1.91 billion in cash and $2.58 billion in held-to-maturity securities.

Positive

  • Revenue grew modestly: Q4 revenue rose 2.4% to $1.15 billion, and full-year revenue increased 0.4% to $4.67 billion, showing continued top-line resilience.
  • Strong operating cash flow: full-year cash provided by operating activities was $1.60 billion, providing significant internal funding capacity.
  • Large capital return: Copart repurchased $1.63 billion of common stock during fiscal 2026, materially reducing share count and returning cash to shareholders.

Negative

  • Profitability declined: Q4 net income attributable to Copart fell 17.4% to $327.4 million and gross profit declined 5.5% as operating expenses rose 10%.
  • EPS down: Q4 diluted EPS fell from $0.41 to $0.35 (down 14.6%), and full-year diluted EPS declined 2.5% to $1.55 despite share repurchases.
  • Cash balance decreased: cash, cash equivalents, and restricted cash declined from $2.78 billion to $1.91 billion, driven in part by buybacks and investments.
  • Operating margin compression: Q4 operating income decreased 10.6% to $368.9 million as total operating expenses increased faster than revenue.

Insights

Analyzing...

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Q4 2026 Revenue $1.15 billion Three months ended July 31, 2026; up 2.4% year over year
Q4 2026 Net income attributable to Copart, Inc. $327.4 million Three months ended July 31, 2026; down 17.4% year over year
Q4 2026 Diluted EPS $0.35 Three months ended July 31, 2026; previously $0.41
Full-year 2026 Revenue $4.67 billion Year ended July 31, 2026; up 0.4% from 2025
Full-year 2026 Net income attributable to Copart, Inc. $1.48 billion Year ended July 31, 2026; down 4.4% from 2025
Operating cash flow 2026 $1.60 billion Net cash provided by operating activities, year ended July 31, 2026
Share repurchases 2026 $1.63 billion Repurchases of common stock during year ended July 31, 2026
Cash and cash equivalents $1.91 billion Cash, cash equivalents, and restricted cash at July 31, 2026
held to maturity securities financial
"Investment in held to maturity securities | | | 2,581,901"
Debt instruments that an investor intends and is able to keep until they mature, meaning they will hold them until the borrower repays the principal. Like lending money and planning to wait for the full repayment instead of selling early, these securities are reported at their purchase value and generate predictable interest income, so they matter to investors because they reduce reported volatility and affect expected cash flow and balance-sheet risk.
noncontrolling interest financial
"Less: Net loss attributable to noncontrolling interest"
The portion of a business owned by investors other than the controlling owner when one company has control of another; it represents outside shareholders’ share of the subsidiary’s assets and profits. For investors, it matters because those outside claims reduce the amount of profit and net assets attributable to the parent owner — similar to saying part of a pizza belongs to someone else — and thus affects earnings, book value and valuation.
stock-based compensation financial
"Stock-based compensation | | | 38,818"
Stock-based compensation is when a company pays employees, directors or consultants with shares or the right to buy shares instead of or in addition to cash. It matters to investors because issuing stock or options spreads ownership thinner (like cutting a pie into more slices), which can reduce each existing share’s claim on profits and can also change reported earnings; investors watch it to assess true cost of running the business and how management is incentivized.
operating lease right-of-use assets financial
"Operating lease right-of-use assets | | | 83,728"
An operating lease right-of-use (ROU) asset is an accounting entry that shows the value of a leased item you have the legal right to use—like a building, vehicle, or equipment—recorded on a company’s balance sheet along with the corresponding lease obligation. Investors care because it adds to reported assets and liabilities, changing measures like leverage and return on assets much like bringing a long-term rental onto the company’s financial snapshot, which can affect credit terms and valuation.
Deferred revenue financial
"Deferred revenue | | | 32,466"
Cash a company has already received for goods or services it has promised but not yet delivered; it's recorded as a liability because the company still owes that product, service, or future revenue recognition. For investors, deferred revenue signals upcoming work or deliveries that will convert into reported sales over time and affects short-term obligations, cash flow quality, and how quickly a firm can grow recognized revenue—think of it like prepaid subscriptions or gift cards a business must honor later.
Q4 2026 Revenue $1.15 billion +2.4% vs. Q4 2025
Q4 2026 Net income attributable to Copart, Inc. $327.4 million -17.4% vs. Q4 2025
Q4 2026 Diluted EPS $0.35 -14.6% vs. Q4 2025
Full-year 2026 Revenue $4.67 billion +0.4% vs. 2025
Full-year 2026 Net income attributable to Copart, Inc. $1.48 billion -4.4% vs. 2025
Operating cash flow 2026 $1.60 billion Down from $1.80 billion in 2025

FAQ

How did Copart (CPRT) perform financially in Q4 2026?

For Q4 2026, Copart reported $1.15 billion in revenue, up 2.4% year over year. Gross profit was $481.4 million and net income attributable to Copart was $327.4 million, down 5.5% and 17.4%, respectively. Diluted EPS declined to $0.35.

What were Copart (CPRT)'s full-year 2026 revenue and earnings?

For the year ended July 31, 2026, Copart generated revenue of $4.67 billion, up 0.4%. Net income attributable to Copart was $1.48 billion, down 4.4% from the prior year, and diluted EPS was $1.55 versus $1.59 in 2025.

How did Copart (CPRT)'s margins and operating income change in Q4 2026?

Q4 2026 operating income was $368.9 million, down 10.6% from 2025, as total operating expenses increased 10.0% to $783.5 million. Gross profit declined 5.5%, reflecting higher facility operations and cost of vehicle sales.

What was Copart (CPRT)'s cash flow from operations and cash position in 2026?

For fiscal 2026, Copart generated $1.60 billion in net cash from operating activities. At July 31, 2026, cash, cash equivalents, and restricted cash totaled $1.91 billion, and investment in held-to-maturity securities was $2.58 billion.

How much stock did Copart (CPRT) repurchase in fiscal 2026?

Copart repurchased $1.63 billion of common stock during the year ended July 31, 2026. Weighted average basic shares outstanding declined to 949.6 million from 965.3 million, and diluted shares also decreased.

How did Copart (CPRT)'s U.S. and international segments perform in 2026?

For fiscal 2026, U.S. total service revenues and vehicle sales were $3.81 billion and international were $858.8 million. Operating income was $1.42 billion in the U.S. and $233.6 million internationally.

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Learn about SEC filing dates
false000090007500009000752026-09-102026-09-10

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 10, 2026

 

 

COPART, INC.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

000-23255

94-2867490

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

14185 Dallas Parkway

Suite 300

 

Dallas, Texas

 

75254

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 972 391-5000

 

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, par value $0.0001

 

CPRT

 

The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


INFORMATION INCLUDED IN THIS REPORT

Section 2 — Financial Information

Item 2.02 Results of Operations and Financial Condition

The following information and the exhibit attached hereto as Exhibit 99.1 are intended to be furnished under Item 2.02 of Form 8-K, “Results of Operations and Financial Condition.” This information and the exhibit attached hereto as Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of this report, regardless of any general incorporation language in the filing, except as shall be expressly set forth by specific reference in such filing.

 

On September 10, 2026, Copart, Inc. issued a press release announcing its financial results for the fourth quarter of fiscal year 2026, which ended July 31, 2026. The full text of the press release is furnished herewith as Exhibit 99.1.

Section 9 — Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

 

The following exhibits are furnished herewith:

 

Exhibit

Number

 

 

Description

99.1

 

Press release, dated September 10, 2026, of Copart, Inc. announcing its financial results for the fourth quarter of fiscal year 2026, which ended July 31, 2026.

104

 

Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL).

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

COPART, INC.

 

 

 

 

Dated:

September 10, 2026

By:

/s/ LEAH STEARNS

 

 

 

Leah Stearns, Chief Finanacial Officer
(Principal Finanacial and Accounting Officer and duly Authorized Officer)

 


INDEX TO EXHIBITS

 

Exhibit

Number

 

 

Description

99.1

 

Press release, dated September 10, 2026, of Copart, Inc. announcing its financial results for the fourth quarter of fiscal year 2026, which ended July 31, 2026.

104

 

Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL).

 


Exhibit 99.1

 

Copart, Inc.

For Immediate Release

Copart Reports Fourth Quarter Fiscal 2026 Financial Results

Dallas, Texas. (September 10, 2026) — Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter and year ended July 31, 2026.

For the three months ended July 31, 2026, revenue, gross profit, and net income attributable to Copart, Inc. were $1.2 billion, $481.4 million, and $327.4 million, respectively. These represent an increase in revenue of $27.3 million, or 2.4 %; a decrease in gross profit of $28.3 million, or (5.5)%; and a decrease in net income attributable to Copart, Inc. of $68.9 million, or (17.4)%, respectively, from the same period last year. Fully diluted earnings per share for the three months ended July 31, 2026 declined to $0.35 compared to $0.41 last year, or (14.6)%.

For the year ended July 31, 2026, revenue, gross profit, and net income attributable to Copart, Inc. were $4.7 billion, $2.1 billion, and $1.5 billion, respectively. These represent an increase in revenue of $19.3 million, or 0.4 %; a decrease in gross profit of $15.8 million, or (0.8)%; and a decrease in net income attributable to Copart, Inc. of $68.2 million, or (4.4)%, respectively, from the same period last year. Fully diluted earnings per share for the year ended July 31, 2026 declined to $1.55 compared to $1.59 last year, or (2.5)%.

On Thursday, September 10, 2026, at 5:30 p.m. Eastern Time (4:30 p.m. Central Time), Copart will conduct a conference call to discuss the results for the quarter. The call will be webcast live and can be accessed via hyperlink at www.copart.com/investorrelations. A replay of the call will be available through November 2026 by visiting www.copart.com/investorrelations.

About Copart

Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart’s innovative technology and online auction platforms connect vehicle consignors to approximately 1 million members in over 185 countries. Copart offers a comprehensive suite of vehicle remarketing services to insurance companies, financial institutions, dealers, rental car companies, charities, fleet operators, and individuals, and offers vehicles via auction to dealers, dismantlers, rebuilders, exporters, and the general public. With operations at over 250 locations in 11 countries, Copart sold more than 4 million units in the last year. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), Brazil (Copart.com.br), the Republic of Ireland (Copart.ie), Germany (Copart.de), Finland (Copart.fi), the United Arab Emirates, Oman and Bahrain (Copartmea.com), and Spain (Copart.es). For more information, or to become a Member, visit Copart.com/register.


Copart, Inc.

 

Cautionary Note About Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements are subject to substantial risks and uncertainties. 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.

 

Contact:

Copart Investor Relations

 

investor.relations@copart.com

 

 


Copart, Inc.

Consolidated Statements of Income

(In thousands, except per share amounts)

(Unaudited)

 

 

Three Months Ended
July 31,

 

 

Year Ended
July 31,

 

 

 

2026

 

 

2025

 

 

% Change

 

 

2026

 

 

2025

 

 

% Change

 

Service revenues and vehicle sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service revenues

 

$

969,544

 

 

$

956,209

 

 

 

1.4

 %

 

$

3,969,520

 

 

$

3,968,662

 

 

 

0.0

 %

Vehicle sales

 

 

182,895

 

 

 

168,888

 

 

 

8.3

 %

 

 

696,689

 

 

 

678,296

 

 

 

2.7

 %

Total service revenues and vehicle sales

 

 

1,152,439

 

 

 

1,125,097

 

 

 

2.4

 %

 

 

4,666,209

 

 

 

4,646,958

 

 

 

0.4

 %

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Facility operations

 

 

450,745

 

 

 

418,500

 

 

 

7.7

 %

 

 

1,755,747

 

 

 

1,744,436

 

 

 

0.6

 %

Cost of vehicle sales

 

 

164,211

 

 

 

147,398

 

 

 

11.4

 %

 

 

616,463

 

 

 

602,997

 

 

 

2.2

 %

Facility depreciation and amortization

 

 

53,759

 

 

 

47,172

 

 

 

14.0

 %

 

 

201,669

 

 

 

191,775

 

 

 

5.2

 %

Facility stock-based compensation

 

 

2,275

 

 

 

2,309

 

 

 

(1.5

)%

 

 

8,472

 

 

 

8,107

 

 

 

4.5

 %

Gross profit

 

 

481,449

 

 

 

509,718

 

 

 

(5.5

)%

 

 

2,083,858

 

 

 

2,099,643

 

 

 

(0.8

)%

General and administrative

 

 

97,813

 

 

 

83,902

 

 

 

16.6

 %

 

 

373,218

 

 

 

348,958

 

 

 

7.0

 %

General and administrative depreciation and amortization

 

 

7,202

 

 

 

6,435

 

 

 

11.9

 %

 

 

27,704

 

 

 

24,074

 

 

 

15.1

 %

General and administrative stock-based compensation

 

 

7,530

 

 

 

6,790

 

 

 

10.9

 %

 

 

30,346

 

 

 

29,897

 

 

 

1.5

 %

Total operating expenses

 

 

783,535

 

 

 

712,506

 

 

 

10.0

 %

 

 

3,013,619

 

 

 

2,950,244

 

 

 

2.1

 %

Operating income

 

 

368,904

 

 

 

412,591

 

 

 

(10.6

)%

 

 

1,652,590

 

 

 

1,696,714

 

 

 

(2.6

)%

Other income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income, net

 

 

39,618

 

 

 

49,839

 

 

 

(20.5

)%

 

 

181,923

 

 

 

178,909

 

 

 

1.7

 %

Other (expense) income, net

 

 

(3,811

)

 

 

15,978

 

 

 

(123.9

)%

 

 

464

 

 

 

19,958

 

 

 

(97.7

)%

Total other income

 

 

35,807

 

 

 

65,817

 

 

 

(45.6

)%

 

 

182,387

 

 

 

198,867

 

 

 

(8.3

)%

Income before income taxes

 

 

404,711

 

 

 

478,408

 

 

 

(15.4

)%

 

 

1,834,977

 

 

 

1,895,581

 

 

 

(3.2

)%

Income tax expense

 

 

77,884

 

 

 

83,100

 

 

 

(6.3

)%

 

 

354,580

 

 

 

347,218

 

 

 

2.1

 %

Net income

 

 

326,827

 

 

 

395,308

 

 

 

(17.3

)%

 

 

1,480,397

 

 

 

1,548,363

 

 

 

(4.4

)%

Less: Net loss attributable to noncontrolling interest

 

 

(596

)

 

 

(1,046

)

 

 

(43.0

)%

 

 

(3,873

)

 

 

(4,086

)

 

 

(5.2

)%

Net income attributable to Copart, Inc.

 

$

327,423

 

 

$

396,354

 

 

 

(17.4

)%

 

$

1,484,270

 

 

$

1,552,449

 

 

 

(4.4

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per common share

 

$

0.35

 

 

$

0.41

 

 

 

(14.6

)%

 

$

1.56

 

 

$

1.61

 

 

 

(3.1

)%

Weighted average common shares outstanding

 

 

927,067

 

 

 

967,100

 

 

 

(4.1

)%

 

 

949,640

 

 

 

965,306

 

 

 

(1.6

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share

 

$

0.35

 

 

$

0.41

 

 

 

(14.6

)%

 

$

1.55

 

 

$

1.59

 

 

 

(2.5

)%

Diluted weighted average common shares outstanding

 

 

932,140

 

 

 

977,778

 

 

 

(4.7

)%

 

 

956,860

 

 

 

977,563

 

 

 

(2.1

)%

 

 


Copart, Inc.

Consolidated Balance Sheets

(In thousands)

(Unaudited)

 

 

July 31, 2026

 

 

July 31, 2025

 

ASSETS

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

Cash, cash equivalents, and restricted cash

 

$

1,907,901

 

 

$

2,780,531

 

Investment in held to maturity securities

 

 

2,581,901

 

 

 

2,008,539

 

Accounts receivable, net of allowance for credit losses of $18,551 and $12,945, respectively

 

 

809,247

 

 

 

762,811

 

Vehicle pooling costs

 

 

122,948

 

 

 

116,145

 

Inventories

 

 

51,382

 

 

 

39,661

 

Income taxes receivable

 

 

49,856

 

 

 

580

 

Prepaid expenses and other assets

 

 

44,959

 

 

 

46,361

 

Total current assets

 

 

5,568,194

 

 

 

5,754,628

 

Property and equipment, net

 

 

3,733,220

 

 

 

3,598,093

 

Operating lease right-of-use assets

 

 

83,728

 

 

 

99,708

 

Intangibles, net

 

 

50,477

 

 

 

62,832

 

Goodwill

 

 

511,297

 

 

 

517,779

 

Other assets

 

 

80,894

 

 

 

57,862

 

Total assets

 

$

10,027,810

 

 

$

10,090,902

 

 

 

 

 

 

 

 

LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS’ EQUITY

 

Current liabilities:

 

 

 

 

 

 

Accounts payable and accrued liabilities

 

$

634,675

 

 

$

591,831

 

Deferred revenue

 

 

32,466

 

 

 

30,440

 

Income taxes payable

 

 

21,437

 

 

 

41,141

 

Current portion of operating and finance lease liabilities

 

 

15,163

 

 

 

19,869

 

Total current liabilities

 

 

703,741

 

 

 

683,281

 

Deferred income taxes

 

 

127,918

 

 

 

80,625

 

Income taxes payable

 

 

9,067

 

 

 

35,635

 

Operating and finance lease liabilities, net of current portion

 

 

73,204

 

 

 

83,870

 

Total liabilities

 

 

913,930

 

 

 

883,411

 

Commitments and contingencies

 

 

 

 

 

 

Redeemable non controlling interest

 

 

16,585

 

 

 

20,458

 

Stockholders’ equity:

 

 

 

 

 

 

Preferred stock

 

 

-

 

 

 

-

 

Common stock

 

 

93

 

 

 

97

 

Additional paid-in capital

 

 

1,226,354

 

 

 

1,214,150

 

Accumulated other comprehensive loss

 

 

(109,778

)

 

 

(120,283

)

Retained earnings

 

 

7,980,626

 

 

 

8,093,069

 

Total stockholders’ equity

 

 

9,097,295

 

 

 

9,187,033

 

Total liabilities, redeemable noncontrolling interests and stockholders’ equity

 

$

10,027,810

 

 

$

10,090,902

 

 

 

 

 


Copart, Inc.

Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

 

Year Ended July 31,

 

 

2026

 

 

2025

 

Cash flows from operating activities:

 

 

 

 

 

 

Net income

 

$

1,480,397

 

 

$

1,548,363

 

Adjustments to reconcile net income to net cash provided by
   operating activities:

 

 

 

 

 

 

Depreciation and amortization, including debt cost

 

 

238,466

 

 

 

217,784

 

Allowance for credit losses

 

 

5,599

 

 

 

354

 

Equity in losses (income) from unconsolidated affiliates

 

 

326

 

 

 

(149

)

Stock-based compensation

 

 

38,818

 

 

 

38,004

 

Loss (gain) on sale of property and equipment

 

 

1,130

 

 

 

(13,726

)

Deferred taxes

 

 

47,359

 

 

 

(13,440

)

Changes in operating assets and liabilities, net of effects from acquisitions:

 

 

 

 

 

 

Accounts receivable

 

 

(80,629

)

 

 

(33,950

)

Vehicle pooling costs

 

 

(6,358

)

 

 

16,705

 

Inventories

 

 

(11,443

)

 

 

4,655

 

Prepaid expenses and other current and non-current assets

 

 

(47,613

)

 

 

7,748

 

Operating lease right-of-use assets and lease liabilities

 

 

690

 

 

 

478

 

Accounts payable and accrued liabilities

 

 

32,507

 

 

 

69,599

 

Deferred revenue

 

 

1,908

 

 

 

2,159

 

Income taxes receivable

 

 

(49,277

)

 

 

(575

)

Income taxes payable

 

 

(47,388

)

 

 

(44,259

)

Net cash provided by operating activities

 

 

1,604,492

 

 

 

1,799,750

 

Cash flows from investing activities:

 

 

 

 

 

 

Purchases of property and equipment

 

 

(337,363

)

 

 

(568,990

)

Assets and liabilities acquired in connection with acquisition

 

 

(5,004

)

 

 

(1,223

)

Proceeds from sale of property and equipment

 

 

12,575

 

 

 

31,831

 

Investment in held to maturity securities

 

 

(2,889,072

)

 

 

(4,001,918

)

Proceeds from held to maturity securities

 

 

2,345,000

 

 

 

3,960,000

 

Investment in unconsolidated affiliate

 

 

(3,737

)

 

 

(7,148

)

Net cash used in investing activities

 

 

(877,601

)

 

 

(587,448

)

Cash flows from financing activities:

 

 

 

 

 

 

Proceeds from the exercise of stock options

 

 

16,702

 

 

 

42,759

 

Proceeds from the issuance of Employee Stock Purchase Plan shares

 

 

14,312

 

 

 

14,679

 

Repurchases of common stock

 

 

(1,632,538

)

 

 

 

Payments for employee stock-based tax withholdings

 

 

(3,736

)

 

 

(5,282

)

Debt issuance costs

 

 

(1,534

)

 

 

 

Payments of finance lease obligations

 

 

(60

)

 

 

(49

)

Net cash (used) provided by financing activities

 

 

(1,606,854

)

 

 

52,107

 

Effect of foreign currency translation

 

 

7,333

 

 

 

2,011

 

Net increase (decrease) in cash, cash equivalents, and restricted cash

 

 

(872,630

)

 

 

1,266,420

 

Cash, cash equivalents, and restricted cash at beginning of period

 

 

2,780,531

 

 

 

1,514,111

 

Cash, cash equivalents, and restricted cash at end of period

 

$

1,907,901

 

 

$

2,780,531

 

Supplemental disclosure of cash flow information:

 

 

 

 

 

 

Interest paid

 

$

1,866

 

 

$

2,019

 

Income taxes paid, net of refunds

 

$

398,380

 

 

$

409,003

 

Purchase of property and equipment through settlement of deposit

 

$

6,222

 

 

$

64,050

 

 

 


Copart, Inc.

Segments Information

(In thousands)

(Unaudited)

 

Three Months Ended July 31, 2026

 

 

Three Months Ended July 31, 2025

 

 

 

United States

 

 

International

 

 

Total

 

 

United States

 

 

International

 

 

Total

 

Service revenues

 

$

817,822

 

 

$

151,722

 

 

$

969,544

 

 

$

824,813

 

 

$

131,396

 

 

$

956,209

 

Vehicle sales

 

 

112,512

 

 

 

70,383

 

 

 

182,895

 

 

 

101,450

 

 

 

67,438

 

 

 

168,888

 

Total service revenues and vehicle sales

 

 

930,334

 

 

 

222,105

 

 

 

1,152,439

 

 

 

926,263

 

 

 

198,834

 

 

 

1,125,097

 

Facility operations

 

 

420,863

 

 

 

85,916

 

 

 

506,779

 

 

 

390,847

 

 

 

77,134

 

 

 

467,981

 

Cost of vehicle sales

 

 

105,671

 

 

 

58,540

 

 

 

164,211

 

 

 

95,155

 

 

 

52,243

 

 

 

147,398

 

General and administrative

 

 

91,649

 

 

 

20,896

 

 

 

112,545

 

 

 

82,793

 

 

 

14,334

 

 

 

97,127

 

Operating income

 

$

312,151

 

 

$

56,753

 

 

$

368,904

 

 

$

357,468

 

 

$

55,123

 

 

$

412,591

 

 

 

Year Ended July 31, 2026

 

 

Year Ended July 31, 2025

 

 

 

United States

 

 

International

 

 

Total

 

 

United States

 

 

International

 

 

Total

 

Service revenues

 

$

3,388,287

 

 

$

581,233

 

 

$

3,969,520

 

 

$

3,451,558

 

 

$

517,104

 

 

$

3,968,662

 

Vehicle sales

 

 

419,143

 

 

 

277,546

 

 

 

696,689

 

 

 

403,546

 

 

 

274,750

 

 

 

678,296

 

Total service revenues and vehicle sales

 

 

3,807,430

 

 

 

858,779

 

 

 

4,666,209

 

 

 

3,855,104

 

 

 

791,854

 

 

 

4,646,958

 

Facility operations

 

 

1,634,412

 

 

 

331,476

 

 

 

1,965,888

 

 

 

1,646,183

 

 

 

298,135

 

 

 

1,944,318

 

Cost of vehicle sales

 

 

391,028

 

 

 

225,435

 

 

 

616,463

 

 

 

378,100

 

 

 

224,897

 

 

 

602,997

 

General and administrative

 

 

362,950

 

 

 

68,318

 

 

 

431,268

 

 

 

349,935

 

 

 

52,994

 

 

 

402,929

 

Operating income

 

$

1,419,040

 

 

$

233,550

 

 

$

1,652,590

 

 

$

1,480,886

 

 

$

215,828

 

 

$

1,696,714

 

 


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