# Copart spent $1.63bn on buybacks after two years of none, more than its $1.60bn operating cash flow

![Copart spent $1.63bn on buybacks after two years of none, more than its $1.60bn operating cash flow](https://aiswingx.com/static/covers/cprt-buyback-fy2026_cover.jpg?v=1790712966)

**Fiscal 2026 10-K: a company that bought no shares in the two prior fiscal years repurchased 43.4 million. Revenue rose 0.4% and net income fell 4.4% in the same year**

Copart (CPRT), which sells damaged and used vehicles through online auctions, filed its 10-K for fiscal 2026 on September 29. It spent $1,632.5m repurchasing its own shares. That is more than the $1,604.5m of cash its operations provided in the same year. It repurchased none in the two prior fiscal years.

- 종목: CPRT (Copart)
- 분기: FY2026 · 10-K
- 작성: 2026-09-29 20:16 UTC
- 원문: https://aiswingx.com/p/cprt-buyback-fy2026

## 숫자 하나
Share repurchases in fiscal 2026 were $1,632.5m, or 101.7% of the year's operating cash flow of $1,604.5m.

## 비유 하나
(구독자 전용)

## 출처 하나
Copart, Inc. Form 10-K (fiscal 2026, filed 2026-09-29): consolidated statements of cash flows, income and balance sheets, Item 5 'Repurchases of Our Common Stock', and MD&A 'Liquidity and Capital Resources'

## 다음 분기에 볼 것
(구독자 전용)

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## What happened

Copart (CPRT) sells damaged and used vehicles through online auctions. It lists vehicles handed over by insurers and earns fees. Its fiscal year ends on July 31. On September 29 it filed its 10-K for fiscal 2026, August 2025 to July 2026. The cash flow statement has a new line.

Repurchases of common stock: **$1,632.5m**. Over the year the company bought 43,433,164 of its own shares. The same line is empty for fiscal 2025 and fiscal 2024. The company states in the 10-K that it did not repurchase any stock under the program in those two years.

Operating cash flow for the same year was **$1,604.5m**. The company spent $28.0m more on its own shares than its business provided in cash over the year. It is also more than net income of $1,484.3m.

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(End of free preview. What the numbers mean, why it matters, company context, the next-quarter checklist and the arithmetic are available to subscribers — https://aiswingx.com/pricing)

## FAQ

**Q. Where can I confirm there were no repurchases in the two prior fiscal years?**

The company states it in Item 5 and in the notes to the 10-K: it did not repurchase any common stock under the program in fiscal 2025 and 2024. The repurchase line in the cash flow statement is also empty for both years.

**Q. If it spent more than it brought in, did it borrow?**

No. The financing section of the cash flow statement shows no proceeds from borrowing. The shortfall came out of cash the company already held. How much cash fell is explained in the subscriber section.

**Q. Does the filing say what price it paid?**

Yes. The company gives the number of shares bought and the weighted average price in the 10-K. The same report also gives the closing price on the last day of the fiscal year. Both prices are explained in the subscriber section.

**Q. Where can I check these figures myself?**

On SEC EDGAR, in Copart, Inc.'s 10-K for fiscal 2026 (accession 0001193125-26-405731): the consolidated statements of cash flows and Item 5.