FirmAtlas

Company handbook · CPRT · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17

CPRT · CIK 900075 · LATEST FILING: 10-K FY26 · FILED SEP 29, 2026

COPART, INC.

$27.87 +0.12 (+0.43%)

Close, Oct 16, 2026 · 52-week $26–46

↗ copart.com

Copart runs online auctions for used, wrecked and salvage vehicles. It sells most vehicles for a fee on behalf of sellers, mainly insurance companies after accidents, and also buys some vehicles and sells them itself.

Business

ProductsService 85% · Product 15% (FY26)
CustomersSellers: insurance companies, banks, rental and fleet companies, dealers and individuals. Buyers: dismantlers, rebuilders, dealers, exporters and the public, bidding online
Cash useFY25–FY26: buybacks $1.6B · capex $906M · acquisitions $6M
Reinvested 27% of operating cash flow · returned 65% of free cash flow

Last fiscal year

COPART, INC. reported revenue of $4.7B for the year ended Jul 31, 2026 (FY26), up 0.4% from FY25. Net income was $1.5B, operating cash flow $1.6B and free cash flow $1.3B. Source: 10-K filed Sep 29, 2026.

Market cap

$25.8B

P/E

17.4

EV/EBITDA

12.7x

P/B

2.8

ROIC

19.6%

Revenue 1Y

0.4%/yr

EPS 1Y

−2.5%/yr

Shares 1Y

−4%

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Daily closes, split-adjusted · ratios at each fiscal year end

Company

CEOJayson Adair

HQDallas, TX

AuditorErnst & Young LLP

Year endsJuly

Revenue by segment · FY26

Service85%

Product15%

Compounded growth & averages

10Y

TTM

Share price

15.2%

−5.1%

−15.8%

−36.7%

Upgrade to see 10 years

Share price: yearly compound rate of the traded close; the last column is the past year.

Where the cash went · FY25–FY26

$2.5B deployed

Capex $906M 35.6%

Acquisitions $6M 0.2%

Buybacks $1.6B 64.1%

Operating cash flow over the period: $3.4B. Total debt changed by +$0M.

More cash than debt at the end of FY26.

Sources 10-K FY26 10-Q Apr '26 All filings on EDGAR

Latest filings

Sep 10, 2026 Quarterly results 8-K Sep 10, 2026 Material agreement 8-K Aug 18, 2026 Executive or director change 8-K Jul 8, 2026 Executive or director change 8-K Jun 29, 2026 Executive or director change 8-K

Growth engines

How much of the profit growth came from new investment, and how much from running the business better.

Upgrade to see 10 years

Financials

Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY26 = year ended Jul 31, 2026 · change vs previous year

Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier

Per-share figures are split-adjusted (4-for-1 split after FY21).

Income

FY25 FY26

Revenue

4,647

4,666+0.4%

YoY

+0.4%

Gross profit

2,100

2,084−0.8%

Gross margin

45.2%

44.7%−0.5 pp

Operating income

1,697

1,653−2.6%

Operating margin

36.5%

35.4%−1.1 pp

EBITDA

1,913

1,882−1.6%

EBITDA margin

41.2%

40.3%−0.8 pp

Interest expense

2−7.6%

Interest coverage

947.28x

1008.55x+61.27x

Net income

1,552

1,484−4.4%

YoY

−4.4%

Net margin

33.4%

31.8%−1.6 pp

EPS (diluted, $)

1.59

1.55−2.5%

YoY

−2.5%

Balance sheet

FY25 FY26

Total assets

10,091

10,028−0.6%

Cash & short-term investments

2,781

1,908−31.4%

Accounts receivable

763

809+6.1%

Inventory

51+29.6%

Net PP&E

3,598

3,733+3.8%

Other assets

2,910

3,526+21.2%

Total liabilities

904

931+2.9%

Accounts payable

592

635+7.2%

Total debt

3+0.8%

Other liabilities

309

293−5.2%

Shareholders’ equity

9,187

9,097−1.0%

Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.

Cash flow statement · as filed

FY25 FY26

Cash from operations

1,800

1,604−10.8%

Net income

1,548

1,480−4.4%

Depreciation & amortization

216

229+6.3%

Stock-based compensation

39+2.1%

Working capital & other

(2)

(144)n/m

Cash from investing

(587)

(878)n/m

Capex

(569)

(337)n/m

PP&E sold

13−60.5%

Acquisitions

(1)

(5)n/m

Other investing

(49)

(548)n/m

Cash from financing

(1,607)−3183.8%

Buybacks

(1,633)n/m

Shares issued

17−60.9%

Other financing

9−3.9%

Net change in cash

1,266

(873)−168.9%

Free cash flow (OCF − capex)

1,231

1,267+3.0%

Where the cash went

FY25 FY26

Operating cash flow

1,800

1,604−10.8%

Reinvested in the business

570

342−40.0%

% of operating cash flow

31.7%

21.3%

Capex

569

337−40.7%

Acquisitions

5+309.2%

Free cash flow

1,231

1,267+3.0%

YoY

+3.0%

Returned to shareholders

1,633n/m

% of free cash flow

0.0%

128.8%

Buybacks

1,633n/m

Change in total debt

—

0.0

Cash left over

—

(370)

FCF conversion (FCF ÷ net income)

79.3%

85.4%+6.1 pp

Owner earnings

—

1,361

Owner earnings margin

—

29.2%

Returns & ratios

FY25 FY26

ROIC (all capital)

21.6%

19.6%−2.0 pp

ROIC (operating)

36.4%

34.3%−2.1 pp

Net debt / EBITDA

−1.45x

−1.01x+0.44x

Debt / equity

0.00x

0.00x+0.00x

Cash conversion cycle (days)

−19

−19+0 d

ROE

16.9%

16.3%−0.6 pp

ROA

15.4%

14.8%−0.6 pp

ROCE

18.0%

17.7%−0.3 pp

NOPAT

1,386

1,333−3.8%

Invested capital (operating)

3,809

3,959+3.9%

Invested capital (all)

6,409

7,192+12.2%

Reinvestment rate

—

11.3%

Debtor days

63+3 d

Inventory days

7+2 d

Days payable

90+5 d

Income

Oct '25

Jan '26

Apr '26

Jul '26

Revenue

1,155

1,122

1,237

1,152

vs year-ago quarter

Operating income

431

389

464

369

Net income

404

351

402

327

vs year-ago quarter

Net margin

35.0%

31.3%

32.5%

28.4%

EPS (diluted, $)

0.41

0.36

0.43

0.35

vs year-ago quarter

Balance sheet

Oct '25

Jan '26

Apr '26

Jul '26

Total assets

10,581

10,595

9,649

10,028

Cash & equivalents

5,234

5,102

3,354

1,908

Total debt

—

Shareholders’ equity

9,600

9,789

8,774

9,097

Cash flow

Oct '25

Jan '26

Apr '26

Jul '26

Operating cash flow

535

128

584

358

Capex

108

Free cash flow

427

503

279

vs year-ago quarter