- Price
- $27.28 → $27.32(+0.1%)
- Discount
- 22.1% → 21.9%(−0.1 pts)
- Next earnings
- 2026-12-10 → 2026-11-19
- Balance sheet
- Cash: $4.5B
Debt: $0.0M
Net cash: $4.5B
Undrawn credit line: $1.3B, to January 2031
Copart has no borrowings. At July 31, 2026,and it heldcan pay for the ACV Auctions deal from cash and stay debt-free. The deal costs about $1,908 million of.9 billion in cash, with no financing condition, but net cash equivalents and interest income will fall after it closes. At July 31, 2026, cash includes restricted cash and $2,582 million of held-to-maturity securities. This is aboutLease liabilities were $4.5 billion in total, against $88 million of lease liabilities. This cash earned $182 million of net interest income in fiscal 2026. $598 million of the cash sat in foreign subsidiaries, and Copart intends to keep it abroad. Copart also owns most of its yard land. Total equity was $9.1 billion, with only $511 million of goodwill. Copart signed a $1,250 millionits unsecured revolving credit facility onin January 23, 2026, due January 23, 2031. Itand it was undrawn, except for $22.5 million of letters of credit. In fiscal 2026, Copart spent $1.6 billion to buy back 43.4 million shares. Thus cash and securities fell from $4.8 billion at July 31, 2025. The ACV Auctions deal costs about $1.9 billion in cash, with no financing condition. Copart can pay for it from cash and stay debt-free. But net cash and interest income will fall after the deal closes.
As of 2026-07-31.
- Checkpoints
- Oct 7, 2026: ACV tender offer expires after extension. Pending. Watch: A majority of ACV shares tendered by 5:00 p.m. ET passes; another extension because fewer than half of shares are tendered fails or delays the deal.
Oct 13, 2026: US antitrust waiting period for ACV deal ends. Pending. Watch: The waiting period ends without a second request from regulators passes; a second request, which delays closing into 2027, fails.
Dec 10Nov 19, 2026 (estimate): Q1 FY2027 results: unit volume and operating margin. Pending. Watch: Stable US insurance unit volume outside the lost customer and a smaller fall in operating margin pass; wider volume loss or a further margin drop fails.
Dec 2026 (estimate): ACV Auctions acquisition closes. Pending. Watch: Closing by the end of calendar 2026 with a clear integration plan passes; a delay or a block by regulators fails.
Sep 2027 (estimate): Q4 FY2027 results after RB Global loss fully laps. Pending. Watch: Year-over-year insurance unit volume that is flat or growing passes; continued volume loss after the lost contract laps fails.