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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Apr. 30, 2025
Apr. 30, 2024
Total service revenues and vehicle sales $ 1,211,716 $ 1,127,259 $ 3,521,861 $ 3,167,824
Operating expenses:        
Facility operations 489,735 438,873 1,476,337 1,256,552
Cost of vehicle sales 169,714 162,881 455,599 457,596
General and administrative 100,722 88,302 305,802 241,197
Total operating expenses 760,171 690,056 2,237,738 1,955,345
Operating income 451,545 437,203 1,284,123 1,212,479
Other income (expense):        
Interest income, net 42,776 36,218 129,070 102,179
Other income (expense), net 8,483 (1,309) 3,980 (8,484)
Total other income 51,259 34,909 133,050 93,695
Income before income taxes 502,804 472,112 1,417,173 1,306,174
Income tax expense 97,466 90,002 264,118 266,005
Net income 405,338 382,110 1,153,055 1,040,169
Less: Net (loss) income attributable to redeemable noncontrolling interest (1,271) (181) (3,040) (284)
Net income attributable to Copart, Inc. $ 406,609 $ 382,291 $ 1,156,095 $ 1,040,453
Basic net income per common share (in dollars per share) $ 0.42 $ 0.40 $ 1.20 $ 1.08
Weighted average common shares outstanding (in shares) 966,234 961,813 964,702 960,143
Diluted net income per common share (in dollars per share) $ 0.42 $ 0.39 $ 1.18 $ 1.07
Diluted weighted average common shares outstanding (in shares) 978,089 976,445 977,485 974,226
Service revenues        
Total service revenues and vehicle sales $ 1,034,836 $ 946,630 $ 3,012,453 $ 2,667,911
Vehicle sales        
Total service revenues and vehicle sales $ 176,880 $ 180,629 $ 509,408 $ 499,913