Copart Inc. has recently released its 10-K report, providing a detailed look at the company's financial condition and operational results. Copart, Inc. is a leading global provider of online auctions and vehicle remarketing services, operating in multiple countries including the United States, Canada, the United Kingdom, Brazil, and others. The company's services cater to various vehicle sellers, including insurance companies, banks, dealers, and individuals, offering a range of solutions for vehicle processing and sales over the internet.
In its Management’s Discussion and Analysis of Financial Condition and Results of Operations, Copart Inc. outlines its key financial performance measures, including service and vehicle sales revenue, operating costs and expenses, and liquidity and cash flows. The company generates its primary working capital from cash flow operations and has access to additional liquidity through the sale of equity or debt securities if needed.
The report highlights Copart Inc.'s goals of generating sustainable profits for its stockholders while providing environmental and social benefits. The company emphasizes its role in enabling global re-use and recycling of vehicles, parts, and raw materials, contributing to economic development and well-being by providing affordable access to mobility, and supporting communities through disaster recovery efforts.
Furthermore, the report discusses the company's expansion strategy, which includes acquiring and developing facilities in new regions, with a focus on strengthening its coverage to provide global services for its sellers. The report details the operational facilities that have been opened and are now operational in various locations in the United States and internationally from August 2022 to July 2025.
The 10-K report also provides a comparison of Copart Inc.'s financial performance for fiscal years ended July 31, 2025, 2024, and 2023. It includes a breakdown of service revenues and vehicle sales, operating expenses, and income before income taxes, offering insights into the company's financial trends over the years.
Today the company's shares have moved -0.04% to a price of $44.87. If you want to know more, read the company's complete 10-K report here.
