Copart Inc. has recently released its 10-K report, providing a detailed look into the company's financial performance and operations. Copart, Inc. is a leading global provider of online auctions and vehicle remarketing services with operations in several countries including the United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain. The company's services include online seller access, salvage estimation, vehicle processing, and transportation, among others. Copart, Inc. was incorporated in 1982 and is headquartered in Dallas, Texas.
In the 10-K report, the company's management's discussion and analysis of financial condition and results of operations highlighted key financial performance measures. For instance, the report discussed the service and vehicle sales revenue, operating costs and expenses, as well as liquidity and cash flows. The report emphasized that the primary source of the company's working capital is cash flow from operations, and it also detailed the factors affecting cash flows from operations, such as seasonality, market wins and losses, accident frequency, and commodity pricing, among others.
Additionally, the report provided insights into the company's acquisitions and new operations strategy, outlining its expansion plans and the facilities it has opened and operational from August 1, 2022, through July 31, 2025, including locations in the United States, Brazil, Germany, Canada, the United Kingdom, and Spain.
The 10-K report also included a comparison of the fiscal years ended July 31, 2025, 2024, and 2023, showcasing the percentage of total service revenues and vehicle sales, operating expenses, and net income for each year. The report highlighted the changes and percentage changes in service revenues over the years, providing a comprehensive view of the company's financial performance.
As a result of these announcements, the company's shares have moved -0.04% on the market, and are now trading at a price of $44.87. For more information, read the company's full 10-K submission here.
