Copart
0.13 %
14.45 %
Yet to be announced
Company Overview
Copart, Inc. is a global provider of online vehicle auctions and vehicle remarketing services. The company operates an online platform that connects sellers of used, salvage, and clean vehicles with buyers. Copart's primary business involves acquiring damaged or totaled vehicles from insurance companies, banks, financial institutions, charities, fleet operators, dealers, and individual owners, then selling them through its online auction platform.
The company operates in multiple countries including the United States, the United Kingdom, Canada, Brazil, Ireland, Germany, Finland, the United Arab Emirates, Oman, Bahrain, and Spain. Copart's technology-driven platform facilitates the sale of vehicles to dismantlers, rebuilders, exporters, and used vehicle dealers, as well as to the general public.
Revenue Sources
PassBased on review of Copart's financial statements and business operations, the company's primary revenue streams come from vehicle auction fees, vehicle sales, and related services. These activities involve the legitimate transfer of assets and do not constitute gambling or other prohibited activities. The company does not derive income from alcohol, tobacco, pork products, or other haram sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Jan. 31, 2025 | $1.16b | $737.11m | - | - | 0.00% | 0.00% |
| Oct. 31, 2024 | $1.15b | $740.46m | - | - | 0.00% | 0.00% |
| July 31, 2024 | $1.07b | $811.63m | - | $102.18m | 0.00% | 12.59% |
| April 30, 2024 | $1.13b | $653.84m | - | $-36,000,000.0 | 0.00% | 5.54% |
Analysis of the last four quarters shows that interest expenses and income are minimal relative to the company's total revenue and expenses. Three out of the four most recent quarters show zero interest expense, with only one quarter showing some interest activity. Even in that quarter, the numbers are not material to the company's overall operations.
Operational Ethics
PassAfter reviewing Copart's operations and partnerships, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company does not maintain operations in Israel or have material partnerships with the Chinese Communist Party.
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