CPRT · 10-K filed 29 Sep 2026 · year to 31 Jul 2026

Copart

30 named things its latest annual report says its results depend on, each in the company's own words. 21 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Insurance companies (vehicle sellers)

earns from · 79%, 81%, and 81% of the total number of vehicles processednamed as a risk

We obtained 79%, 81%, and 81% of the total number of vehicles processed during fiscal 2026, 2025, and 2024, respectively, from insurance company sellers.Business (Item 1)

Also named by ARES, BLK, IOT

International buyers of U.S. vehicles

earns from · 38.2% which represents 45.8% of overall gross transaction per vehicle

For fiscal 2026, sales of U.S. vehicles, on a unit basis, to International members was 38.2% which represents 45.8% of overall gross transaction per vehicle.Business (Item 1)

Foreign vehicle importers

earns fromnamed as a risk

As a result, foreign importers of vehicles now represent a significant part of our total buyer base.Risk factors (Item 1A)

Suppliers

Independent subhaulers

depends onnamed as a risk

We rely primarily upon independent subhaulers to pick up and deliver vehicles to and from our storage facilities in the U.S., Canada, Brazil, the Republic of Ireland, Germany, Finland, the U.A.E., Oman, Bahrain, and Spain.Risk factors (Item 1A)

Other companies

ACV Auctions Inc.

$10.50 per sharenamed as a risk

The consummation of such transaction is subject to the tender of a majority of the outstanding shares of ACV common stock, the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, and other customary conditions.Risk factors (Item 1A)

Competitors

LKQ Corporation

competes withnamed as a risk

LKQ, in addition to trade groups of dismantlers such as the American Recycling Association, United Recyclers Group LLC and other regional and local dismantlers, may purchase salvage vehicles directly from insurance companies, thereby bypassing vehicle remarketing companies like Copart entirely.Business (Item 1)

Also named by GPC

RB Global (Insurance Auto Auctions, Inc.)

competes withnamed as a risk

The largest national or regional vehicle auctioneers in the U.S. include RB Global (including its subsidiary Insurance Auto Auctions, Inc.), Carvana, Openlane, Manheim, Inc. and ACV Auctions Inc.Business (Item 1)

Places

United States

concentrated in · 81.6 % of our revenue

For the year ended July 31, 2026, we generated 81.6 % of our revenue in our U.S. segment and 18.4 % in our international segment.Business (Item 1)

Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more

Florida

operates in · tens of thousands of flood-damaged vehicles

For example, we mobilized our people, and engaged with a multitude of service providers to timely retrieve, store, and remarket tens of thousands of flood-damaged vehicles in South Florida in the wake of Hurricanes Helene and Milton in the fall of 2024.Business (Item 1)

Also named by ABR, ALLY, AN, AXP, AZO, BBY, BJ, BRO and 54 more

United Kingdom

operates innamed as a risk

Due to the limited number of vehicle sellers, particularly in the U.K., and other foreign markets, the absence of long-term contractual commitments between us and our sellers and the increasingly competitive market environment, there can be no assurance that our competitors will not gain market share at our expense.Risk factors (Item 1A)

Also named by AGX, AJG, AMP, BAC, BF/B, BGC, BRO, C and 59 more

Mexico

subject tonamed as a risk

For example, in March 2008, a decree issued by the president of Mexico became effective that placed restrictions on the types of vehicles that can be imported into Mexico from the U.S.Risk factors (Item 1A)

Also named by AAP, AME, AMRC, ANET, AOS, ARES, AYI, AZO and 83 more

Brazil

operates innamed as a risk

Although we face risks associated with international expansion in each of the non-U.S. markets where we operate, recent regulatory proposals in Brazil heighten the risks we face relating to our Brazil operations.Risk factors (Item 1A)

Also named by ADM, ASO, AZO, BALL, CPAY, CTVA, DE, DOV and 32 more

Germany

operates innamed as a risk

As we expand into markets outside the U.S., Canada, and the U.K., including Germany in particular, we cannot predict whether markets will readily adapt to our strategy of online auctions of automobiles sourced principally through vehicle insurers.Risk factors (Item 1A)

Also named by APO, AXGN, BF/B, DASH, EBAY, GD, GDDY, KRYS and 12 more

Hazards

Weather (mild weather / severe weather events)

named as a risk

Mild weather conditions tend to result in a decrease in the available supply of salvage vehicles because traffic accidents decrease and fewer automobiles are damaged.Risk factors (Item 1A)

Also named by AAP, CLX, DASH, DECK, ENB, GVA, LII, LYV and 4 more

Hurricanes Helene and Milton

named as a risk

For example, during fiscal 2025, we recognized substantial additional costs associated with Hurricanes Helene and Milton.Risk factors (Item 1A)

Also named by EXPE

Commodities and inputs

Pound sterling

exposed to its price · net translation loss of $109.8 millionnamed as a risk

At July 31, 2026, the cumulative effect of foreign exchange rate fluctuations on our consolidated financial position was a net translation loss of $109.8 million.Market risk (Item 7A)

Also named by BEN, DASH, DCH, DOV

Fuel

exposed to its pricenamed as a risk

Further, an increase in fuel cost may lead to increased prices charged by our independent subhaulers, which may significantly increase our cost.Risk factors (Item 1A)

Also named by ASO, CARR, COR, CPNG, DDS, DKS, DY, ECG and 16 more

Used car prices

exposed to its pricenamed as a risk

Similarly, a reduction in total loss frequency rates, due to among other things, sharp increases in used car prices that make it less economical for insurance company sellers to declare a vehicle involved in an accident a total loss, could also have a material impact on revenue growth.Risk factors (Item 1A)

Also named by COF

Crushed car bodies (scrap metal)

exposed to its pricenamed as a risk

fluctuations in commodity prices, particularly the per ton price of crushed car bodies;Risk factors (Item 1A)

Regulators

Office of Foreign Assets Control (OFAC)

subject tonamed as a risk

We are required to comply with applicable export control and economic sanctions laws and regulations, including the Export Administration Regulations administered by the U.S. Department of Commerce and trade controls administered by the U.S. Treasury Department’s Office of Foreign Assets Control.Risk factors (Item 1A)

Also named by ABNB, ADP, AIG, APP, BMI, BMNR, BPOP, CAT and 46 more

U.S. Department of Justice

subject tonamed as a risk

As described under NOTE 15 — Commitments and Contingencies, the U.S. Department of Justice is conducting an ongoing investigation into potential violations by the Company of certain money laundering laws related to its practices and procedures for preventing and detecting money-laundering activity by its auction platform members.Risk factors (Item 1A)

Also named by AAPL, ACN, AMAT, ASO, BEN, BSX, CAH, CDNA and 21 more

HM Revenue and Customs

subject tonamed as a risk

Although we believe our tax positions are reasonable, we are subject to audit by the Internal Revenue Service, in the United States, HM Revenue and Customs in the United Kingdom, state tax authorities in the states in which we operate, and other similar tax authorities in international jurisdictions.Risk factors (Item 1A)

State motor vehicle departments (DMV)

subject to

In the U.S., total loss vehicles may be sold in most states only after obtaining a salvage title from the DMV.Business (Item 1)

Also named by RBA

Laws and programs

General Data Protection Regulation (GDPR)

subject to · up to €20 million or four percent of worldwide annual revenuesnamed as a risk

The GDPR provides for significant penalties in the case of non-compliance of up to €20 million or four percent of worldwide annual revenues, whichever is greater.Risk factors (Item 1A)

Also named by A, AB, ABNB, ADBE, ADP, AGX, AIOT, AJG and 100 more

2026 Credit Agreement

up to $1,250 millionnamed as a risk

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 provides for an unsecured revolving credit in an aggregate principal amount of up to $1,250 million maturing on January 23, 2031.Risk factors (Item 1A)

Also named by EXTR

Export Administration Regulations

subject tonamed as a risk

Also named by ADI, ALAB, AMD, APP, ARW, AVGO, CARR, CDRE and 40 more

Hart-Scott-Rodino Antitrust Improvements Act

subject tonamed as a risk

Also named by AWK, BEN, BLK, CTAS, FSK, KVUE, NXST, SWKS and 2 more

U.S. tariffs and retaliatory tariffs

subject tonamed as a risk

For example, since 2025, there has been a material increase and considerable volatility in the applicable tariffs imposed, or threatened to be imposed, by the U.S. government on foreign origin products.Risk factors (Item 1A)

Also named by AMAT, HSY, KIM, RXO

Brazilian General Data Protection Law (LGPD)

subject tonamed as a risk

The LGPD broadly regulates processing of personal information of individuals in Brazil and imposes compliance obligations and penalties comparable to those of the GDPR.Risk factors (Item 1A)

Technology

VB3 patent

In 2008, we obtained a patent issued by the United States Patent and Trademark Office that covers certain aspects of our virtual bidding auction platform, VB3.Business (Item 1)