COPART INC CPRT
Copart®, BID4U®, CI & Design®, DRIVE Auto Auctions™, 1-800 CAR BUYER®, CA$HFORCARS.COM®, COPART & DESIGN®, VB3 & DESIGN®, VB3®, National Powersports Auctions™, NPA™, Purple Wave Auction™, and CrashedToys.com® are trademarks of Copart, Inc. or one of its direct or indirect wholly-owned subsidiaries. This Form 10-K also includes other trademarks of Copart and of other companies.
We are a leading global provider of online auctions and vehicle remarketing services with operations in the United States ("U.S."), the United Kingdom ("U.K."), Germany, Brazil, Canada, the United Arab Emirates ("U.A.E."), Spain, Finland, Oman, the Republic of Ireland, and Bahrain.
Our goals are to generate sustainable profits for our stockholders, while also providing environmental and social benefits for the world around us. With respect to our environmental stewardship, we believe our business is a critical enabler for the global re-use and recycling of vehicles, parts, and raw materials. We are not responsible for the carbon emissions resulting from new vehicle manufacturing, governmental fuel emissions standards or vehicle use by consumers. Each vehicle that enters our business operations already exists, with whatever fuel technology and efficiency it was designed and built to have, and the substantial carbon emissions associated with the vehicle's manufacture have already occurred. However, upon our receipt of an existing vehicle, we help facilitate the decrease of its total environmental impact by extending its useful life and thereby avoiding the carbon emissions associated with the alternative of new vehicle and auto parts manufacturing. For example, many of the cars we process and remarket are subsequently restored to drivable condition, reducing the new vehicle manufacturing burden the world would otherwise face. Many of our cars are purchased by dismantlers, who recycle and refurbish parts for vehicle repairs, again reducing new and aftermarket parts manufacturing. Finally, some of our vehicles are returned to their raw
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States - United States
- International - International
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States - United States | $3.86B | $3.46B | $3.19B |
| International - International | $791.9M | $772.1M | $679.9M |
As the company reported it, from the “Segments and Other Geographic Reporting - Schedule of Segment Reporting Information By Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.65B | $4.24B | $3.87B | $3.50B | $2.69B | $2.21B | $2.04B | $1.81B | $1.45B | $1.27B |
| Cost of revenue | — | — | — | — | — | — | $255.5M | $196.5M | $137.6M | $141.0M |
| Gross profit | — | — | — | — | — | — | $1.79B | $1.61B | $1.31B | $1.13B |
| SG&A | $402.9M | $335.2M | $250.4M | $231.2M | $206.7M | $191.7M | $181.9M | $176.9M | $151.4M | $138.1M |
| Total operating expenses | $2.95B | $2.66B | $2.38B | $2.13B | $1.56B | — | — | — | — | — |
| Operating income | $1.70B | $1.57B | $1.49B | $1.37B | $1.14B | $816.1M | $716.5M | $584.3M | $461.3M | $406.5M |
| Interest expense | — | — | $65.9M | $16.7M | $20.2M | $18.9M | $17.6M | $20.4M | $23.8M | $23.6M |
| Pre-tax income | $1.90B | $1.71B | $1.55B | $1.34B | $1.12B | $800.8M | $705.0M | $562.5M | $440.1M | $395.9M |
| Income tax | $347.2M | $352.3M | $316.6M | $250.8M | $185.4M | $100.9M | $113.3M | $144.5M | $45.8M | $125.5M |
| Net income | $1.55B | $1.36B | $1.24B | $1.09B | $936.5M | $699.9M | $591.7M | $417.9M | $394.2M | $270.4M |
| EPS, basic | 1.61 | 1.42 | 1.30 | 1.15 | 0.99 | 3.00 | 2.57 | 1.80 | 1.72 | 1.18 |
| EPS, diluted | 1.59 | 1.40 | 1.28 | 1.13 | 0.97 | 2.93 | 2.46 | 1.73 | 1.66 | 1.11 |
| Shares, diluted (wtd. avg.) | 977.6M | 974.8M | 966.6M | 964.6M | 961.2M | 238.7M | 240.5M | 241.9M | 237.0M | 244.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.78B | $1.51B | $957.4M | $1.38B | $1.05B | $477.7M | $186.3M | $274.5M | $210.1M | $155.8M |
| Receivables | $762.8M | $785.9M | $702.0M | $578.6M | $480.6M | $350.2M | $367.3M | $351.6M | $311.8M | $266.3M |
| Inventory | $39.7M | $43.6M | $40.0M | $58.8M | $45.0M | $20.1M | $20.9M | $16.7M | $10.2M | $10.4M |
| Total current assets | $5.75B | $4.42B | $3.26B | $2.20B | $1.70B | $963.8M | $687.2M | $709.1M | $587.3M | $499.3M |
| Property, plant and equipment | $3.60B | $3.18B | $2.84B | $2.49B | $2.30B | $1.94B | $1.43B | $1.16B | $944.1M | $816.8M |
| Goodwill | $517.8M | $513.9M | $394.3M | $402.0M | $355.7M | $343.6M | $333.3M | $337.2M | $340.2M | $260.2M |
| Other intangibles | $62.8M | $74.1M | $62.7M | $54.7M | $45.9M | $47.8M | $55.2M | $64.9M | $75.9M | $11.8M |
| Total assets | $10.09B | $8.43B | $6.74B | $5.31B | $4.56B | $3.46B | $2.55B | $2.31B | $1.98B | $1.65B |
| Accounts payable | $591.8M | $518.1M | $440.8M | $399.0M | $369.8M | $318.5M | $270.9M | $270.9M | $208.4M | $192.4M |
| Total current liabilities | $683.3M | $628.6M | $492.8M | $440.9M | $421.0M | $356.0M | $282.0M | $277.3M | $302.2M | $278.8M |
| Long-term debt | — | — | $11.0M | $0 | $400.0M | $400.0M | $400.0M | $400.0M | $631.0M | $638.0M |
| Total liabilities | $883.4M | $879.2M | $750.4M | $683.3M | $1.03B | $965.7M | $769.2M | $726.6M | $883.9M | $875.4M |
| Retained earnings | $8.09B | $6.55B | $5.19B | $3.96B | $2.87B | $1.94B | $1.34B | $1.16B | $745.4M | $491.2M |
| Total equity | $9.19B | $7.52B | $5.99B | $4.63B | $3.53B | $2.49B | $1.78B | $1.58B | $1.10B | $774.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.80B | $1.47B | $1.36B | $1.18B | $990.9M | $917.9M | $646.6M | $535.1M | $492.1M | $332.5M |
| Depreciation and amortisation | $215.8M | $189.8M | $159.5M | $138.0M | $122.0M | $101.4M | $84.9M | $78.6M | $57.0M | $48.6M |
| Stock-based compensation | $38.0M | $35.2M | $39.7M | $39.0M | $40.9M | $23.3M | $23.4M | $23.2M | $20.8M | $20.9M |
| Capital expenditure | $569.0M | $511.0M | $516.6M | $337.4M | $463.0M | $592.0M | $373.9M | $287.9M | $172.2M | $173.9M |
| Investing cash flow | -$587.4M | -$940.1M | -$1.89B | -$442.3M | -$465.5M | -$601.2M | -$356.3M | -$288.5M | -$335.8M | -$172.9M |
| Financing cash flow | $52.1M | $19.3M | $66.6M | -$382.7M | $40.9M | -$27.4M | -$370.3M | -$182.0M | -$107.0M | -$448.5M |
| Buybacks | — | — | — | — | $0 | $0 | $365.0M | $0 | $0 | $442.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-25-042946.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.27B | $1.45B | $1.81B | $2.04B | $2.21B | $2.69B | $3.50B | $3.87B | $4.24B | $4.65B |
| Gross profit | $1.13B | $1.31B | $1.61B | $1.79B | — | — | — | — | — | — |
| Net income | $270.4M | $394.2M | $417.9M | $591.7M | $699.9M | $936.5M | $1.09B | $1.24B | $1.36B | $1.55B |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 5500
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| CVNA | CARVANA CO. | $41.49B | 6.8x | 48.6% |
| CASY | CASEYS GENERAL STORES INC | $25.88B | 36.5x | 10.2% |
| PAG | PENSKE AUTOMOTIVE GROUP, INC. | $13.94B | 15.0x | -0.2% |
| MUSA | Murphy USA Inc. | $9.83B | 22.2x | -4.2% |
| KMX | CARMAX INC | $7.32B | 30.7x | -1.8% |
| LAD | LITHIA MOTORS INC | $6.50B | 9.1x | 4.0% |
| AN | AUTONATION, INC. | $5.32B | 9.5x | 3.2% |
| OPLN | OPENLANE, Inc. | $4.63B | — | 8.2% |