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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Total service revenues and vehicle sales $ 1,146,829 $ 1,020,416
Operating expenses:    
Facility operations 496,546 408,501
Cost of vehicle sales 138,178 147,896
General and administrative 105,738 68,643
Total operating expenses 740,462 625,040
Operating income 406,367 395,376
Other income (expense):    
Interest income, net 45,547 32,005
Other (expense), net (596) (4,072)
Total other income 44,951 27,933
Income before income taxes 451,318 423,309
Income tax expense 90,142 90,777
Net income 361,176 332,532
Less: Net (loss) income attributable to redeemable noncontrolling interest (910) 5
Net income attributable to Copart, Inc. $ 362,086 $ 332,527
Basic net income per common share (in dollars per share) $ 0.38 $ 0.35
Weighted average common shares outstanding (in shares) 963,176 958,127
Diluted net income per common share (in dollars per share) $ 0.37 $ 0.34
Diluted weighted average common shares outstanding (in shares) 976,506 971,682
Service revenues    
Total service revenues and vehicle sales $ 986,336 $ 859,536
Vehicle sales    
Total service revenues and vehicle sales $ 160,493 $ 160,880