Copart CPRT
We were incorporated in California in 1982, became a public company in 1994, and were reincorporated in Delaware in January 2012. 10-K, Item 1
- Headquarters
- Dallas, TX
- CEO
- Jeffrey Liaw
- Next results
- around Nov 19, 2026
CPRT among Industrials peers
Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.
What changed
13 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Sep 29, 2026 against Sep 26, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
10 checks on the latest 10-K. Checks, not verdicts.
1fact worth reading about the other 9 checks found nothing to note
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Inventory growing faster than revenueInventory +29.6% vs revenue +0.4% (+29.1 pts)
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Receivables +6.1% vs revenue +0.4% (+5.7 pts)
8 more checks with nothing to note
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Cash from operations $1.6B vs net income $1.5B (FY ending Jul 31, 2026)
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Same auditor in both 10-Ks: Ernst & Young LLP
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
13 paragraphs in Risk Factors that were not in the 10-K filed Sep 26, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Sep 26, 2025 10-K, ITEM 1A
We may incur substantial indebtedness and any failure to meet our debt obligations may adversely affect our business, financial condition, and results of operations. We have entered into, and may continue to enter into, arrangements pursuant to which we may incur significant indebtedness, including the 2026 Credit Agreement, which…
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Item 1A · new paragraph · not in the 10-K filed Sep 26, 2025 10-K, ITEM 1A
In the United States, California has enacted the California Consumer Privacy Act, as amended (“CCPA”) and numerous similar recently enacted laws create new data privacy rights for individuals. Other evolving legislation relating to privacy and cybersecurity at the federal, state, and local levels also may, or may be argued to, apply to…
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Item 1A · new paragraph · not in the 10-K filed Sep 26, 2025 10-K, ITEM 1A
Our development and use of artificial intelligence and machine learning technologies present operational, legal, competitive, and reputational risks that could adversely affect our business, consolidated results of operations, and financial position. We increasingly incorporate artificial intelligence, machine learning, and generative…
New risk paragraphs, against peers
Latest 10-K of each, Industrials companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|
| Revenue | $3.9B | $4.2B | $4.6B | $4.7B |
| Net income | $1.2B | $1.4B | $1.6B | $1.5B |
| Operating cash flow | $1.4B | $1.5B | $1.8B | $1.6B |
| Free cash flow | $847.6M | $961.6M | $1.2B | $1.3B |
Revenue, FY2017 to FY2026
Ten fiscal years, each from its own 10-K · XBRL · USD
$4.7B ▲ 0.4% in FY2026$1.5B ▼ 4.4% in FY2026$1.3B ▲ 3.0% in FY2026
Recent filings
2 filings in the last 30 days · SEC EDGAR
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OfficerOct 16, 2026CEO change Adair’s termination of service as CEO (including both exercised and unexercised shares).
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8-KOct 16, 2026Acquisition or sale of assets completed, Regulation FD disclosure 8-K items 2.01, 7.01
About the company
Copart, Dallas, TX · from the 10-K filed Sep 29, 2026
We were incorporated in California in 1982, became a public company in 1994, and were reincorporated in Delaware in January 2012. Our principal executive offices are located at 14185 Dallas Parkway, Suite 300, Dallas, Texas 75254 and our telephone number is (972) 391-5000. Our website is www.copart.com. The contents of our website are not incorporated by reference into this Form 10-K. We provide free of charge, through a link on our website, access to our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as well as amendments to those reports, as soon as reasonably practical after the reports are electronically filed with, or furnished to, the SEC.
- Headquarters
- Dallas, TX
- Country
- United States
- Reports in
- USD
- Listed on
- Nasdaq
- Fiscal year ends
- July 31
- Last results
- Sep 10, 2026
- Incorporated in
- DE
Email alerts
Sources
The 10-K filed Sep 29, 2026 (open at SEC), compared with the 10-K filed Sep 26, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
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