CPRT changes
Pick any two versions below to diff them.
- Price
- $27.28 → $27.32(+0.1%)
- Next earnings
- Dec 10, 2026 → Nov 19, 2026
- Balance sheet
- added: Cash: $4.5B Debt: $0.0M Net cash: $4.5B Undrawn credit line: $1.3B, to January 2031 Copart has no removed: borrowings. added: borrowings, and it can pay for the ACV Auctions deal from cash and stay debt-free. The deal costs about $1.9 billion in cash, with no financing condition, but net cash and interest income will fall after it closes. At July 31, 2026, removed: it held $1,908 million of cash, cash removed: equivalents and added: includes restricted cash and $2,582 million of held-to-maturity securities. removed: This is about $4.5 billion in total, against added: Lease liabilities were $88 removed: million of lease liabilities. added: million. 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 removed: a $1,250 million added: its unsecured revolving credit facility removed: on added: in January removed: 23, 2026, removed: due January 23, 2031. It added: and it was removed: undrawn, added: 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. removed: 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 Jul 31, 2026.
- 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. removed: Dec 10, added: Nov 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.