Welcome to our dedicated page for Copart SEC filings (Ticker: CPRT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Copart filings document the company's online vehicle auction and vehicle remarketing business, including reported revenue, gross profit, net income and earnings per share furnished in recurring Form 8-K earnings releases. The filings also identify its Nasdaq-listed common stock and the operating subsidiaries involved in financing arrangements.
Copart's regulatory record includes material-event reports for a senior revolving credit agreement, exhibits to earnings releases and proxy materials covering annual meeting matters, board elections, executive compensation, ownership and governance. These disclosures describe the capital structure, liquidity arrangements and shareholder voting framework around CPRT.
Copart, Inc. reported steady results for the third quarter of fiscal 2026. For the quarter ended April 30, 2026, revenue was $1.2 billion, up 2.1% year over year, while gross profit rose 3.7% to $572.6 million.
Net income attributable to Copart, Inc. for the quarter was $402.4 million, down 1.0% from a year earlier, but diluted earnings per share increased to $0.43 from $0.42, a 2.4% gain, helped by fewer shares outstanding. Operating income grew 2.8% to $464.3 million.
For the first nine months of fiscal 2026, revenue was $3.5 billion, essentially flat year over year, while net income attributable to Copart, Inc. edged up to $1.16 billion. Diluted EPS for the nine months was $1.20, up 1.7%, reflecting solid profitability and share repurchases.
Copart Inc disclosure: Vanguard Capital Management reports beneficial ownership of 66,093,193 shares of Copart common stock, representing 6.86% of the class. Vanguard reports sole dispositive power over 66,093,193 shares and sole voting power over 8,817,977 shares. The filing states these holdings include shares held for Vanguard funds and managed accounts.
Copart Inc. Chief Executive Officer Jeffrey Liaw exercised stock options and sold shares of common stock. He exercised options covering 49,775 shares of Copart at strike prices of $6.78 and $8.70 per share, converting them into common stock.
On the same date, he sold a total of 26,213 shares of common stock in open-market transactions at weighted average prices of about $33.18 and $33.17 per share, across price ranges from $32.97 to $33.46. Both sales occurred automatically under a Rule 10b5-1 trading plan adopted on April 15, 2025, indicating they were pre-scheduled rather than discretionary trades.
Following these transactions, Liaw directly owned 79,532 shares of Copart common stock reported in this filing, reflecting that he retained a substantial equity position after exercising options and selling a portion of the resulting shares.
Copart Inc ownership update: The Vanguard Group filed a Schedule 13G/A (Amendment No. 13) reporting 0 shares beneficially owned of Copart Inc common stock as of the amendment, reflecting an internal realignment of Vanguard's subsidiaries. The filing states Vanguard will report certain subsidiaries separately in reliance on SEC Release No. 34-39538.
Copart, Inc. reported slightly lower results for the quarter ended January 31, 2026. Total service revenues and vehicle sales were $1.12 billion, down from $1.16 billion a year earlier, while net income attributable to Copart was $350.7 million versus $387.4 million, with margins remaining in the low-30% range.
Cash, cash equivalents, and restricted cash rose to $5.10 billion, helped by $2.04 billion of maturing U.S. Treasury Bills. The company entered a new unsecured $1.25 billion revolving credit facility maturing in 2031 and repurchased 5.48 million shares for $218.2 million in the first half, plus 24.26 million additional shares for $898.7 million after quarter-end.
U.S. revenue declined due to one-time hurricane-related business in the prior year, while International revenue grew on higher revenue per car. Copart also disclosed an ongoing U.S. Department of Justice investigation into potential violations of money laundering laws related to its auction platform, with outcomes and possible loss not yet estimable.
Copart, Inc. reported softer results for the quarter ended January 31, 2026. Quarterly revenue was $1.12 billion, down 3.6% from a year earlier, while gross profit fell 6.2% to $492.8 million. Net income attributable to Copart declined to $350.7 million, a 9.5% decrease, and diluted earnings per share slipped to $0.36 from $0.40, a 10.0% drop.
For the first six months of fiscal 2026, revenue was $2.28 billion, down 1.4%, while net income attributable to Copart edged up 0.7% to $754.4 million, with diluted EPS flat at $0.77. Operating cash flow remained strong at $662.8 million for the six-month period. Cash, cash equivalents, and restricted cash rose to $5.10 billion as of January 31, 2026, helped by proceeds from held-to-maturity securities, even after $218.2 million of share repurchases. The company will host a conference call to discuss these results.
Copart, Inc. entered into a new unsecured senior revolving credit facility providing up to $1,250.0 million, maturing on January 23, 2031, and simultaneously terminated and repaid all amounts under its prior credit agreement. The facility includes up to $550.0 million equivalent in Pounds Sterling, Euro and Canadian Dollars, a discretionary incremental facility of up to $500.0 million, and sub-facilities of $150.0 million each for CPRT GmbH and Copart Autos España, S.L.U., and $250.0 million for Copart UK Limited. It also provides a $100.0 million swingline sublimit and a $100.0 million letter of credit sublimit. Borrowings bear interest at a fixed benchmark rate plus 0.75% to 1.125% or a daily rate plus 0.0% to 0.125%, based on Copart’s consolidated total net leverage ratio. Copart plans to use the facility for general corporate purposes, including working capital, capital expenditures, dividends, share repurchases, acquisitions and other expansion investments.
Copart, Inc. Executive Chairman A. Jayson Adair reported several indirect transfers of Copart common stock on January 20, 2026, all recorded at $0 per share and coded as transaction type G. The transactions involved 7,761 shares held by the A. Jayson Adair and Tammi L. Adair Revocable Trust and 21,200 shares each in two 2018 irrevocable family trusts.
After these moves, the filing shows indirect beneficial ownership of 14,174,859 shares in the revocable trust, 254,400 shares in Trust A and 318,000 shares in Trust B, plus additional indirect holdings through JTGJ Properties, JTGJ Investments, The Adair Foundation, and JTGJ Investments II. For JTGJ Investments, LP, Adair disclaims beneficial ownership beyond any pecuniary interest.
Copart, Inc. Chief Executive Officer Jeffrey Liaw reported multiple stock option exercises and related share sales. On January 15, 2026, he exercised employee stock options to buy Copart common stock at exercise prices of $6.78 and $8.70 per share, including blocks of 4,523, 43,166, 809 and 1,277 underlying shares. He then sold 2,444 shares at a weighted average price of $40.17 per share and another 22,693 shares at a weighted average price of $40.17 per share. The filing notes these sales occurred automatically under trading plans, including a Rule 10b5-1 plan adopted on April 15, 2025. After the reported transactions, Liaw directly held 55,970 shares of Copart common stock.