{
  "url": "https://struct.news/briefs/coparts-47b-year-barely-grew-and-operating-cash-flow-fell-11",
  "title": "Copart’s $4.7B year barely grew, and operating cash flow fell 11%",
  "summary": "Capex dropped 41%, but Copart still generated less operating cash as inventory rose nearly 30%.",
  "published_at": "2026-09-29T10:06:42.602115+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Copart, Inc.",
    "ticker": "CPRT",
    "cik": "1193125",
    "sector": "Industrials",
    "industry": "Specialty Business Services"
  },
  "source_filing": {
    "form": "10-K",
    "filed": "2026-09-29",
    "accession": "0001193125-26-405731",
    "url": "https://www.sec.gov/Archives/edgar/data/900075/000119312526405731/cprt-20260731.htm"
  },
  "comparison_filing": {
    "form": "10-K",
    "filed": "2025-09-26",
    "url": "https://www.sec.gov/Archives/edgar/data/900075/000162828025042946/cprt-20250731.htm"
  },
  "reported_figures": [
    {
      "group": "Copart’s latest annual snapshot",
      "label": "Revenue YoY",
      "value": 9.680248620251541,
      "display": "+9.7%",
      "unit": "percent",
      "period": "2025-07-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001193125-26-405731",
        "filing_date": "2026-09-29"
      }
    },
    {
      "group": "Copart’s latest annual snapshot",
      "label": "Operating margin",
      "value": 36.51235926814918,
      "display": "+36.5%",
      "unit": "percent",
      "period": "2025-07-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001193125-26-405731",
        "filing_date": "2026-09-29"
      }
    },
    {
      "group": "Copart’s latest annual snapshot",
      "label": "Net margin",
      "value": 33.40785520333947,
      "display": "+33.4%",
      "unit": "percent",
      "period": "2025-07-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001193125-26-405731",
        "filing_date": "2026-09-29"
      }
    },
    {
      "group": "Copart’s latest annual snapshot",
      "label": "Cash-flow yield",
      "value": 6.763621653845268,
      "display": "+6.8%",
      "unit": "percent",
      "period": "2025-07-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001193125-26-405731",
        "filing_date": "2026-09-29"
      }
    },
    {
      "group": "Copart valuation",
      "label": "P/E",
      "value": 17.140186157484077,
      "display": "17.1x",
      "unit": "multiple",
      "period": "2025-07-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001193125-26-405731",
        "filing_date": "2026-09-29"
      }
    },
    {
      "group": "Copart valuation",
      "label": "EV / sales",
      "value": 5.7261685730751175,
      "display": "5.7x",
      "unit": "multiple",
      "period": "2025-07-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001193125-26-405731",
        "filing_date": "2026-09-29"
      }
    },
    {
      "group": "Copart valuation",
      "label": "Earnings yield",
      "value": 5.8342423519324536,
      "display": "+5.8%",
      "unit": "percent",
      "period": "2025-07-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001193125-26-405731",
        "filing_date": "2026-09-29"
      }
    }
  ],
  "watch_next": [
    {
      "type": "demand",
      "statement": "Vehicle volume declined as sellers shifted to a consignment model, changing the relationship between cars handled and revenue.",
      "importance": "medium",
      "evidence": "decrease in volume related to sellers switching to a consignment model",
      "source_date": "2026-09-29"
    },
    {
      "type": "pricing",
      "statement": "Revenue per car increased because of vehicle mix, offsetting part of the volume decline.",
      "importance": "medium",
      "evidence": "increase in average purchase price due to change in the mix of vehicles sold",
      "source_date": "2026-09-29"
    }
  ],
  "related_tickers": [
    "CPRT"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}