科帕特 2026年季度报告

FORM 10-Q (Mark One) For the quarterly period ended April 30, 2026 OR COPART, INC. (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of May 27, 2026, 925,811,482 shares of the registrant’s common stock were outstanding. Table of ContentsPage NumberPART I - Financial InformationItem 1 - Financial Statements (Unaudited)Consolidated Balance Sheets3Consolidated Statements of Income4Consolidated Statements of Comprehensive Income5Consolidated Statements of Changes in Redeemable Noncontrolling Interests and Stockholders' Equity6Consolidated Statements of Cash Flows8Notes to Consolidated Financial Statements9Item 2 - Management’s Discussion and Analysis of Financial Condition and Results of OperationsResults of Operations16Liquidity and Capital Resources19Critical Accounting Policies and Estimates21Recently Issued Accounting Standards21Contractual Obligations and Commitments21Item 3 - Quantitative and Qualitative Disclosures About Market Risk22Item 4 - Controls and ProceduresEvaluation of Disclosure Controls and Procedures22Changes in Internal Control Over Financial Reporting22PART II - Other InformationItem 1 - Legal Proceedings22Item 1A - Risk Factors22Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds35Item 3 - Defaults Upon Senior Securities35Item 4 - Mine Safety Disclosures35Item 5 - Other Information35Item 6 - Exhibits36Signatures37 Copart, Inc.Notes to Consolidated Financial Statements NOTE 1 – Summary of Significant Accounting Policies Description of Business Copart, Inc. (“the Company”) provides vehicle sellers with a full range of services to process and sell vehicles over the internetthrough the Company’s Virtual Bidding Third Generation (“VB3”) internet auction-style sales technology. Vehicle sellers consistprimarily of insurance companies, but also include dealers, individuals, charities, rental car companies, banks, finance companies, and Basis of Presentation In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments of a normalrecurring nature considered necessary for fair presentation of the Company’s financial position as of April 30, 2026 and July 31, 2025,its consolidated statements of income, comprehensive income, changes in redeemable noncontrolling interests and stockholders’ equityfor the three and nine months ended April 30, 2026 and 2025, and its cash flows for the nine months ended April 30, 2026 and 2025.These consolidated financial statements have been prepared in accordance with the rules and regulations of the U.S. Securities andExchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in Use of Estimates The consolidated financial statements have been prepared in conformity with GAAP. Those principles require management tomake estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at Fair Value of Financial Instruments The Company records its financial assets and liabilities at fair value in accordance with the framework for measuring fair value inU.S. GAAP. In accordance with Accounting Standards Codification (“ASC”) 820,Fair Value Measurements and Disclosures, theCompany considers fair value as an exit price, representing the amount that would be received to sell an asset or paid to transfer a Level IObservable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets. Level IIInputs other than quoted prices included within Level I that are observable for the asset or liability, either directindirectly. Level IIIInputs that are generally unobservable. These inputs may be used with internally developed methodologies that res