Form 10-K · Annual report
Copart 10-K, filed Sep 29, 2026
- Filed
- CIK
- 0000900075
- Accession no.
- 0001193125-26-405731
Summary
Copart reported that insurance companies supplied 79% of the vehicles it processed in fiscal 2026, down from 81% in each of the two prior fiscal years, and said the average age of cars on the road rose to 13.0 years in 2026 from 11.4 years in 2013. The company described itself as a global provider of online vehicle auctions and remarketing services operating in the U.S., U.K., Germany, Canada, Brazil, Spain, the U.A.E., Finland, Ireland, Oman and Bahrain, and said it expects to keep acquiring and opening facilities, including in the wake of Hurricanes Helene and Milton in South Florida in 2024.
Key points
- Copart derives revenue mainly from auction and auction-related fees, and in the U.K., Germany and Spain also acts as a principal that buys and resells vehicles for its own account.
- Insurance companies provided 79% of vehicles processed in fiscal 2026 versus 81% in fiscal 2025 and 2024.
- The company says total loss frequency has grown over 30 years and it expects that long-term trend to continue, driven by used car values and repair costs.
- Copart mobilized staff and service providers to retrieve, store and resell tens of thousands of flood-damaged vehicles in South Florida after Hurricanes Helene and Milton in fall 2024.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 7. Management’s Discussion Overview We are a leading global provider of online auctions and vehicle remarketing services with operations in the United States (“U.S.”), the United Kingdom (“U.K.”), Germany, Canada, Brazil, Spain, the United Arab Emirates (“U.A.E.”), Finland, the Republic of Ireland, Oman, and Bahrain. Our goals are to generate sustainable profits for our stockholders, while also providing environmental and social benefits for the world around us. With respect to our environmental stewardship, we believe our business is a critical enabler for the global re-use and recycling of vehicles, parts, and raw materials. …
An excerpt of the text as filed with the SEC, cut for length.
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