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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2025
Jan. 31, 2024
Total service revenues and vehicle sales $ 1,163,316 $ 1,020,149 $ 2,310,145 $ 2,040,565
Operating expenses:        
Facility operations 490,056 409,178 986,602 817,679
Cost of vehicle sales 147,707 146,819 285,885 294,715
General and administrative 99,342 84,252 205,080 152,895
Total operating expenses 737,105 640,249 1,477,567 1,265,289
Operating income 426,211 379,900 832,578 775,276
Other income (expense):        
Interest income, net 40,747 33,956 86,294 65,961
Other (expense), net (3,907) (3,103) (4,503) (7,175)
Total other income 36,840 30,853 81,791 58,786
Income before income taxes 463,051 410,753 914,369 834,062
Income tax expense 76,510 85,226 166,652 176,003
Net income 386,541 325,527 747,717 658,059
Less: Net (loss) income attributable to redeemable noncontrolling interest (859) (108) (1,769) (103)
Net income attributable to Copart, Inc. $ 387,400 $ 325,635 $ 749,486 $ 658,162
Basic net income per common share (in dollars per share) $ 0.40 $ 0.34 $ 0.78 $ 0.69
Weighted average common shares outstanding (in shares) 964,746 960,525 963,961 959,326
Diluted net income per common share (in dollars per share) $ 0.40 $ 0.33 $ 0.77 $ 0.68
Diluted weighted average common shares outstanding (in shares) 977,910 974,589 977,208 973,135
Service revenues        
Total service revenues and vehicle sales $ 991,281 $ 861,745 $ 1,977,617 $ 1,721,281
Vehicle sales        
Total service revenues and vehicle sales $ 172,035 $ 158,404 $ 332,528 $ 319,284