NasdaqIndustrialsDiversified Support ServicesS&P 500Nasdaq-100
$31.95
-0.53 (-1.63%)
Close of Nov 06, 2026 · end-of-day data
CPRT 8-K filings, explained
Every material Form 8-K Copart has filed with the SEC since November 21, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On October 14, 2026, Copart's board approved a 10-year stock option for 20,000,000 shares for CEO A. Jayson Adair, granted outside the company's 2007 Equity Incentive Plan. The option cannot be exercised unless stockholders approve it at the 2026 Annual Meeting or a later special meeting, and it is forfeited if they do not. Shareholders may care because the award is large and is described as Adair's only substantive pay for the 10-year period, with a $1 annual salary and no expected bonus.
Option covers 20,000,000 shares in four tranches of 5,000,000 shares at $26.27, $35.03, $43.78 and $52.54 per share
Option has a 10-year term and first becomes exercisable on the 5th anniversary of the October 14, 2026 grant date, subject to continued service as CEO
Requires stockholder approval at the 2026 Annual Meeting or a special meeting after it; otherwise forfeited in full
Adair is expected to receive a $1 salary each year and no bonus or additional equity awards during the 10-year period
Copart completed its acquisition of ACV Auctions on October 16, 2026, through a merger that followed a tender offer at $10.50 per share in cash. ACV shares have stopped trading on the New York Stock Exchange, and ACV will operate as an independent Copart subsidiary led by its existing leadership team. The filing does not disclose the total deal value or any financial effect on Copart.
Tender offer price was $10.50 per share in cash, subject to withholding taxes.
116,818,409 ACV shares were validly tendered, about 68.43% of shares outstanding, when the offer expired at 5:00 p.m. Eastern Time on October 15, 2026.
Remaining ACV shares were converted into the right to receive the same $10.50 cash price in the merger completed October 16, 2026.
ACV shares have ceased trading on the New York Stock Exchange.
Copart agreed to acquire ACV Auctions through a cash tender offer at $10.50 per share, an implied equity value of about $1.9 billion, followed by a merger. The price is a premium of about 45% to ACV's unaffected closing price on August 10, 2026, and about 41% to its 30-day volume-weighted average price. For Copart shareholders, the company expects the deal to be neutral to earnings per share in the first full year of ownership and accretive in fiscal 2028 and beyond.
Offer price of $10.50 per share in cash, implied equity value of about $1.9 billion
Premium of about 45% to ACV's unaffected closing price on August 10, 2026
Termination fee of $57.7 million payable by ACV; $115.3 million payable by Copart under specified circumstances
Expected to close by calendar year-end 2026, funded with cash on hand; not subject to a financing condition
Copart reported fourth-quarter fiscal 2026 results for the three months ended July 31, 2026, with revenue up 2.4% but gross profit down 5.5% and net income attributable to Copart down 17.4%. Diluted earnings per share fell to $0.35 from $0.41, and for the full fiscal year diluted EPS declined to $1.55 from $1.59.
Q4 revenue rose $27.3 million, or 2.4%, to $1.2 billion; gross profit fell $28.3 million, or 5.5%, to $481.4 million
Q4 net income attributable to Copart fell $68.9 million, or 17.4%, to $327.4 million
Fiscal 2026 revenue rose 0.4% to $4.7 billion, while net income attributable to Copart fell 4.4% to $1.5 billion
Fiscal 2026 cash flow statement shows $1.6 billion in common stock repurchases
Copart appointed David J. Berger as a director effective August 13, 2026, with a term running to its 2026 annual meeting. Berger is a senior partner at Wilson Sonsini Goodrich & Rosati, which the company uses as outside corporate counsel, and the company expects to use that firm for routine legal work going forward, with fees it considers not material.
Berger joined the board effective August 13, 2026; his initial term expires at the 2026 annual meeting of stockholders
Berger is a senior partner at Wilson Sonsini, Copart's outside corporate counsel, and the company expects routine engagements with the firm; fees for fiscal 2027 are expected to be not material
Company says no related party transactions requiring disclosure under Item 404(a) for fiscal year ended July 31, 2026
Announced in a press release dated August 17, 2026; Berger will join the outside director compensation program and has signed the standard indemnification agreement
Copart, Inc. said on July 8, 2026 that Jane Pocock, CEO of its UK operations, will become its new President effective August 1, 2026, filling a previously vacant position. The filing does not disclose financial results or changes to guidance, so the direct financial impact is not stated.
Jane Pocock, 55, joined Copart in January 2019 as Managing Director of Copart UK.
Her appointment as President takes effect August 1, 2026.
Jay Adair is Executive Chairman and incoming Chief Executive Officer, per the press release.
The filing reports no financial results or guidance changes.
Copart's board appointed Executive Chairman A. Jayson Adair as chief executive effective July 31, 2026, replacing Jeffrey Liaw, who will also resign from the board. The filing discloses a transition agreement for Liaw with a $450,000 lump sum, $200,000 paid during a transition period through July 31, 2027, and additional conditional severance and equity benefits, which shareholders may weigh as part of the leadership change.
Adair, who previously led Copart as CEO, takes over on July 31, 2026, and Liaw steps down as CEO and director on the same date.
Liaw's transition agreement provides a $450,000 lump sum and $200,000 during the transition period, subject to a general release.
Liaw's conditional severance includes $250,000, accelerated vesting of remaining equity awards, and an extension of stock option exercise periods.
Adair is the son-in-law of Chairman Wills J. Johnson, a relationship the filing says is disclosed in the 2025 proxy statement.
Copart reported results for the third quarter of fiscal 2026, ended April 30, 2026. Revenue rose 2.1% to $1.2 billion and diluted earnings per share rose to $0.43 from $0.42, but net income attributable to Copart fell $4.2 million to $402.4 million. For shareholders, the quarter shows higher sales and per-share earnings, while lower net income and a 0.2% nine-month revenue decline are the less favorable results.
Q3 revenue was $1.2 billion, up $25.4 million, or 2.1%, from the same period last year.
Net income attributable to Copart was $402.4 million, down $4.2 million, or 1.0%.
Diluted EPS was $0.43 versus $0.42 a year earlier, an increase of 2.4%.
For the nine months, revenue was $3.5 billion, down 0.2%, and the company repurchased $1.6 billion of common stock.
Copart reported fiscal second-quarter 2026 results for the three months ended January 31, 2026, with revenue of $1.1 billion, down 3.6% from a year earlier, and net income attributable to Copart of $350.7 million, down 9.5%. Diluted earnings per share were $0.36 compared with $0.40 last year. For the six months, net income rose 0.7% to $754.4 million, while revenue fell 1.4% and diluted EPS was flat at $0.77.
Quarterly revenue was $1.1 billion, down $41.6 million or 3.6%, and gross profit was $492.8 million, down 6.2%.
Quarterly net income attributable to Copart was $350.7 million, down 9.5%, and diluted EPS was $0.36 versus $0.40.
Six-month net income attributable to Copart rose $5.0 million, or 0.7%, to $754.4 million, while six-month diluted EPS was $0.77, unchanged.
The filing reports $218.2 million of common stock repurchases in the six months ended January 31, 2026.
On January 23, 2026, Copart entered an unsecured senior revolving credit agreement with Wells Fargo Bank as administrative agent, providing a $1.25 billion facility that matures January 23, 2031. Concurrently, Copart terminated the commitments and repaid all amounts outstanding under its December 21, 2021 credit agreement with Bank of America. Copart says it intends to use the proceeds for general corporate purposes, including working capital, capital expenditures, dividends, and potential share repurchases, acquisitions, or other investments.
Facility totals $1,250.0 million, including up to $550.0 million equivalent in Pounds Sterling, Euro and Canadian Dollars, plus a discretionary incremental facility of up to $500.0 million.
Interest is priced at a fixed-rate spread of 0.75% to 1.125% or a daily rate plus 0.0% to 0.125%, depending on Copart's consolidated total net leverage ratio; unused commitments carry a fee of 0.05% to 0.125%.
Sub-facilities include $150.0 million equivalent each for CPRT GmbH and Copart Autos España, S.L.U., and $250.0 million equivalent for Copart UK Limited.
The agreement replaces the existing Bank of America-agented credit agreement dated December 21, 2021, which was repaid and terminated.
Copart reported first-quarter fiscal 2026 results for the quarter ended October 31, 2025, with revenue of $1.16 billion, up 0.7% from a year earlier. Net income attributable to Copart rose 11.5% to $403.7 million, and diluted earnings per share were $0.41 versus $0.37, an increase of 11.7%, which points to higher profit for shareholders on a per-share basis.
Revenue was $1.16 billion, up $8.2 million or 0.7% year over year.
Gross profit rose $24.9 million, or 4.9%, to $537.0 million.
Diluted EPS was $0.41 compared with $0.37 a year earlier; net income attributable to Copart was $403.7 million, up 11.5%.
Copart will hold a conference call on November 20, 2025, at 5:30 p.m. Eastern Time.
Copart reported fourth-quarter fiscal 2025 results for the three months ended July 31, 2025, with revenue of $1.1 billion, up 5.2%, and net income attributable to Copart of $396 million, up 22.9%. Diluted earnings per share were $0.41, compared with $0.33 a year earlier, and full-year results also rose, with diluted EPS of $1.59 versus $1.40. The filing reports no guidance changes.
Q4 revenue was $1.1 billion, up $56.1 million or 5.2%; gross profit was $510 million, up 12.4%
Q4 diluted EPS was $0.41 versus $0.33 last year, an increase of 24.2%
Full-year fiscal 2025 revenue was $4.6 billion, up 9.7%, and net income attributable to Copart was $1.6 billion, up 13.9%
Results were released September 4, 2025, with a conference call held the same day at 5:30 p.m. Eastern Time
Copart reported results for the third quarter of fiscal 2025, which ended April 30, 2025. Revenue reached $1.2 billion, up 7.5% from a year earlier, and net income attributable to Copart rose 6.4% to $406.6 million. Diluted earnings per share were $0.42, compared with $0.39 a year earlier, so per-share profit grew faster than net income.
Quarterly revenue was $1.2 billion, up $84.5 million or 7.5% year over year.
Gross profit was $552.3 million, up 5.1%; net income attributable to Copart was $406.6 million, up 6.4%.
Diluted EPS was $0.42 versus $0.39 last year, an increase of 7.7%.
Nine-month revenue was $3.5 billion, up 11.2%, and diluted EPS was $1.18 versus $1.07, up 10.3%.
Copart reported second-quarter fiscal 2025 results for the three months ended January 31, 2025, with revenue up 14.0% to $1.16 billion and net income attributable to Copart up 19.0% to $387.4 million. Diluted earnings per share rose 21.2% to $0.40 from $0.33 a year earlier, and the company furnished the results in a press release as Exhibit 99.1.
Quarterly revenue rose $143.2 million, or 14.0%, to $1.16 billion; gross profit rose 13.2% to $525.6 million.
Net income attributable to Copart was $387.4 million, up 19.0% from $325.6 million a year earlier.
Six-month revenue was $2.31 billion, up 13.2%, and diluted EPS was $0.77 versus $0.68.
The company scheduled a conference call on February 20, 2025, at 5:30 p.m. Eastern Time.
Copart reported first-quarter fiscal 2025 results for the period ended October 31, 2024, with revenue up 12.4% to $1.15 billion and net income attributable to Copart up 8.9% to $362.1 million. Diluted earnings per share rose 8.8% to $0.37, which gives shareholders a year-over-year gain in both sales and profit.
Revenue of $1.15 billion, up $126.4 million or 12.4% from the same period last year
Gross profit of $512.1 million, up $48.1 million or 10.4%
Net income attributable to Copart of $362.1 million, up $29.6 million or 8.9%
Fully diluted EPS of $0.37 versus $0.34 a year earlier, an increase of 8.8%
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Copart filing is on SEC EDGAR ↗. 8-K briefs of other companies →