Company facts
- Headquarters
- Dallas, Texas
- Most recent report
- 10-K, filed Sep 29, 2026
- Incorporated
- Delaware
- Filings on record
- 1,000+ filings
- On EDGAR
- CIK 900075
- Fiscal year ends
- July
- Filer status
- Large accelerated filer
Financials 8 of 79
News 8 of 167
Prospectuses and Registrations 8 of 13
- S-8 Registration statement for an employee plan Mar 8, 2021
- S-8 Registration statement for an employee plan Mar 2, 2018
- S-8 Registration statement for an employee plan Dec 30, 2014
- S-8 Registration statement for an employee plan Jan 9, 2014
- S-8 POS Post-effective amendment to an employee plan registration Jan 10, 2012
- S-8 POS Post-effective amendment to an employee plan registration Jan 10, 2012
- S-8 POS Post-effective amendment to an employee plan registration Jan 10, 2012
- S-8 POS Post-effective amendment to an employee plan registration Jan 10, 2012
Proxies 8 of 43
- DEFA14A Extra proxy material Oct 24, 2025
- DEF 14A Proxy statement for a shareholder vote Oct 24, 2025
- DEFA14A Extra proxy material Oct 24, 2024
- DEF 14A Proxy statement for a shareholder vote Oct 24, 2024
- DEFA14A Extra proxy material Oct 26, 2023
- DEF 14A Proxy statement for a shareholder vote Oct 26, 2023
- DEF 14A Proxy statement for a shareholder vote Nov 2, 2022
- DEF 14A Proxy statement for a shareholder vote Oct 13, 2022
Ownership 8 of 647
- 4 Insider reported a trade Aug 18, 2026
- 4 Insider reported a trade Aug 18, 2026
- 4 Insider reported a trade Aug 17, 2026
- 3 Insider reported their initial holding Aug 17, 2026
- 3 Insider reported their initial holding Aug 17, 2026
- 4 Insider reported a trade Jul 30, 2026
- 144 Notice of a proposed sale of restricted stock Jul 28, 2026
- 4 Insider reported a trade Jul 17, 2026
Other 8 of 51
What to read: FY2026 10-K
SECSift found 4 of 27 sections worth reading, with 1 positive, 10 notable, and 1 negative flags.
Business (Item 1)
Contains revenue $4.7B, op income $1.7B, segment split, customer mix, acquisition plans.PositiveNotable- Insurance company seller share dropped to 79% from 81% in prior years, reducing concentration risk.
- 38.2% of U.S. unit sales go to international members, high export exposure provides global demand.
- Opened two new facilities in Brazil and seven in the U.S. in fiscal 2026, expanding physical footprint.
- Agreed to acquire ACV Auctions Inc. for $10.50 per share, expected close by end of calendar year.
- No single customer >10% of revenue for fiscal 2026-2024, customer base is well-diversified.
Risk Factors (Item 1A)
DOJ probe into money laundering; ACV acquisition pending.NotableMarket for the Stock (Item 5)
Buyback details after 2 years idle, plus poor stock performance.Management's Discussion (Item 7)
Core MD&A with flat revenue, $1.6B buyback, $1.9B pending ACV acquisition, and declining cash.
What changed: FY2026 vs. FY2025
About 10% of CPRT's FY2026 10-K is new information. 76 paragraphs were added, 330 changed, and 68 removed. Below are the most important lines SECSift identified.
New
- On September 10, 2026, agreed to acquire ACV for $10.50 per share, implying $1.9 billion equity value (subsequent event). Form 10-K Summary (Item 16)
- Entered a new $1.25 billion unsecured credit facility on January 23, 2026. Management's Discussion (Item 7)
- New subsection: repurchased 43.4 million shares for $1.6 billion in fiscal 2026. Management's Discussion (Item 7)
- Repurchased 43,433,164 shares for $1.6 billion in fiscal 2026; no repurchases in prior three years. Form 10-K Summary (Item 16)
- New risk factor: Copart disclosed it has a $1,250 million unsecured revolving credit line maturing on January 23, 2031, with financial covenants. Risk Factors (Item 1A)
- Added a sentence stating that website content is not incorporated by reference into the Form 10-K. Directors and Officers (Item 10)
- Expanded risk: Copart added export controls and sanctions compliance requirements, and broader liability for employees, agents, and business partners under anti-bribery laws. Risk Factors (Item 1A)
- New risk factor: Copart added a standalone risk about its use of AI and machine learning, covering legal, operational, and reputational risks. Risk Factors (Item 1A)
- New risk: Since 2025, U.S. tariffs on foreign goods have increased materially and become volatile, with retaliatory tariffs from other countries. Risk Factors (Item 1A)
Changed
- Copart's 5-year cumulative return per $100 invested fell to $79.24 as of July 31, 2026 from $194.45 as of July 31, 2025. Market for the Stock (Item 5)
- Last sale price on July 31, 2026 was $29.12, down from $45.33 on July 31, 2025. Market for the Stock (Item 5)
- Entered a new $1,250 million unsecured credit facility maturing 2031, replacing the prior secured facility maturing 2026. Form 10-K Summary (Item 16)
- Net income fell to $1,480,397 from $1,548,363 for the year ended July 31, 2026. Form 10-K Summary (Item 16)
- Replaced old credit facility with new 2026 Credit Agreement with different interest rate spreads (0.75%-1.125% vs 1.00%-1.75%) and added commitment fees (0.05%-0.125%). Market Risk (Item 7A)
- U.S. segment revenue share fell to 81.6% from 83.0%; international rose to 18.4% from 17.0%. Business (Item 1)
- Added 'could,' 'would,' 'target,' 'goal' to the list of forward-looking indicator words. Part I (Part I)
- Average car age rose to 13.0 years in 2026 from 12.8 years in 2025. Management's Discussion (Item 7)
- Chief Executive Officer changed from Jeffrey Liaw to A. Jayson Adair as of September 28, 2026. Form 10-K Summary (Item 16)
- Corrected 'chief information security officers' to singular 'chief information security officer' in incident response team description. Cybersecurity (Item 1C)
- Dropped British Columbia and Newfoundland provinces; now own instead of own or lease. Properties (Item 2)
- Fiscal years updated to 2026 and 2025 from 2025 and 2024. Exhibits (Item 15)
- Increased to 2 from 1 leased location in Manhattan Kansas. Properties (Item 2)
- Increased to 25 from 23 operating facilities in Brazil. Properties (Item 2)
- Increased to 286 from 281 total operating facilities globally. Properties (Item 2)
- Shares outstanding fell to 926,298,293 as of July 31, 2026 from 967,478,690 a year earlier. Market for the Stock (Item 5)
- Total employees rose to 11,900 from 11,600; U.S. management fell to 1,300 from 1,700, international to 400 from 500. Business (Item 1)
Removed
- Form 10-K Summary (Item 16) 106
- Risk Factors (Item 1A) 91
- Business (Item 1) 74
- Management's Discussion (Item 7) 53
- Market for the Stock (Item 5) 7
- Controls and Procedures (Item 9A) 7
- Market Risk (Item 7A) 4
- Exhibits (Item 15) 2
- Directors and Officers (Item 10) 2
- Part I (Part I) 1
- Cybersecurity (Item 1C) 1
- Properties (Item 2) 1
Everything here comes from Copart Inc's own filings on SEC EDGAR. The filing list is rechecked every hour. SECSift analysis was completed on Sep 29, 2026, from the 10-K for FY2026.