Copart said service revenues for fiscal 2025 increased $407.7 million, or 11.4%, compared with the prior year. The U.S. increased $325.5 million and International increased $82.2 million. The company cited an increase in revenue per car and an increase in volume as drivers of U.S. growth.

1. 01

   Copart said service revenues for fiscal 2025 increased $407.7 million, or 11.4%, compared with the prior year. The U.S. increased $325.5 million and International increased $82.2 million. The company cited an increase in revenue per car and an increase in volume as drivers of U.S. growth.

2. 02

   Copart said facility operations expenses for fiscal 2025 increased $234.2 million, or 13.7%, compared with the prior year. The company said the U.S. increase included one-time CAT costs of $56 million associated with Hurricanes Helene and Milton.

3. 03

   The company said its effective income tax rate was 18.3% for fiscal 2025 and 20.5% for fiscal 2024. For fiscal 2025, the company said the effective tax rate was favorably impacted by a $55.0 million tax benefit related to the Foreign Derived Intangible Income deduction and $36.7 million in excess tax benefits from the exercise of employee stock options, and negatively impacted by $38.6 million related to state income taxes.

4. 04

   Copart said cash, cash equivalents, and restricted cash as of July 31, 2025 increased $1,266.4 million compared with July 31, 2024 to $2.8 billion, with $314.9 million held by foreign subsidiaries. The company had no outstanding borrowings under the Revolving Loan Facility.

Key figures

Fiscal year ended July 31, 2025

Revenue

$4.6B

Operating income

$1.7B

Net income

$1.6B

EPS

$1.59

Operating cash flow

$1.8B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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