Copart, Inc. (CPRT): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico do remarketing automotivo, a Copart, Inc. (CPRT) revolucionou o mercado de veículos de salvamento com sua inovadora plataforma digital, transformando como companhias de seguros, reconstruções e entusiastas automotivos compram e vendem veículos danificados. Ao alavancar a tecnologia de ponta e uma rede global de instalações de leilão, a Copart criou um ecossistema transparente e transparente que conecta vendedores e compradores em continentes, transformando o que antes era um mercado fragmentado em um mercado digital simplificado e eficiente que gera milhões em receita anual através de estratégias inteligentes de remarketing de veículos.

Copart, Inc. (CPRT) - Modelo de Negócios: Parcerias -chave

Empresas de seguros que fornecem veículos de salvamento

A Copart faz parceria com as principais companhias de seguros para adquirir veículos de salvamento. A partir de 2023, a empresa trabalha com aproximadamente 20 fornecedores de seguros nacionais e regionais.

Principais parceiros de seguro	Volume anual de veículos
State Farm	Aproximadamente 250.000 veículos
Allstate	Aproximadamente 150.000 veículos
USAA	Aproximadamente 100.000 veículos

Fabricantes de automóveis e concessionárias

A Copart colabora com vários fabricantes de automóveis e redes de concessionária para remarketing de veículos e descarte de salvamento.

• Ford Motor Company
• General Motors
• Toyota Motor Corporation
• Stellantis

Provedores de serviços de reboque e transporte

A empresa mantém parcerias estratégicas com redes de reboque em todo o país.

Parceiro de transporte	Cobertura geográfica
Transportadoras confiáveis	50 estados
Transporte central	48 estados

Parceiros de tecnologia e plataforma digital

A Copart investe em transformação digital por meio de parcerias tecnológicas.

• Microsoft Azure Cloud Services
• Salesforce CRM Platform
• Software SAP Enterprise

Redes de remarketing de veículos globais

A Copart opera em vários mercados internacionais por meio de parcerias globais estratégicas.

Mercado internacional	Número de sites de leilão
Estados Unidos	Mais de 200 locais
Reino Unido	15 locais
Canadá	10 locais
Alemanha	5 locais

Copart, Inc. (CPRT) - Modelo de negócios: atividades -chave

Gerenciamento de plataforma de leilão de veículos on -line

A Copart gerencia uma plataforma digital com 226 locais em 11 países a partir de 2023. A plataforma de leilão on -line processou 2,16 milhões de veículos no ano fiscal de 2023. Os leilões on -line médios diários excedem 8.000 veículos.

Métrica da plataforma	2023 dados
Locais online totais	226
Países operavam	11
Veículos totais processados	2,16 milhões
Leilões online diários	8,000+

Inspeção de veículos e avaliação de danos

A Copart realiza avaliações abrangentes de danos ao veículo, utilizando a tecnologia avançada de imagem digital. Capas do processo de inspeção:

• Avaliação de danos externos
• Avaliação da condição mecânica
• Análise de integridade estrutural
• Documentação fotográfica

Logística e transporte de veículos

A frota de transporte inclui mais de 3.500 unidades de transporte. O volume anual de transporte de veículos atinge aproximadamente 2,5 milhões de veículos em toda a América do Norte.

Métrica de logística	2023 dados
Unidades de transporte	3,500+
Volume anual de transporte	2,5 milhões de veículos

Desenvolvimento de mercado digital

A plataforma digital suporta Mais de 180 países com participação do comprador. O mercado on -line gera US $ 3,9 bilhões em receitas de serviço para o ano fiscal de 2023.

Aquisição e vendas globais de inventário

O fornecimento de inventário da Copart Inclui:

• Parcerias da companhia de seguros
• Aquisições de veículos de frota
• Vendas de veículos governamentais e municipais
• Submissões de veículos diretos do consumidor

Fonte de aquisição de inventário	Percentagem
Companhias de seguros	65%
Veículos da frota	20%
Governo/municipal	10%
Consumidor direto	5%

Copart, Inc. (CPRT) - Modelo de negócios: Recursos -chave

Inventário de veículos de salvamento extenso

A partir de 2023, Copart gerencia aproximadamente 2 milhões de veículos em seu inventário em vários locais. A empresa processa 1,5 milhão de veículos anualmente Através de sua plataforma de leilão online.

Categoria de veículo	Volume aproximado
Veículos totais no inventário	2,000,000
Processamento anual de veículos	1,500,000
Condição média do veículo	Salvamento/danificado

Tecnologia avançada de leilão online

A plataforma digital da Copart suporta Mais de 750.000 compradores registrados globalmente, com um 99,5% da taxa de participação do leilão on -line.

• Recursos de licitação em tempo real
• Interface de leilão responsiva a dispositivos móveis
• Sistema avançado de relatórios de condição de veículos

Instalações de leilão físico em todo o país

O copart opera 222 instalações de armazenamento de veículos entre 11 países, com 199 locais nos Estados Unidos.

Tipo de localização	Número de instalações
Total de instalações globais	222
EUA instalações	199
Instalações internacionais	23

Infraestrutura digital forte

Processos de plataforma digital da Copart Aproximadamente US $ 8,5 bilhões em vendas anuais de veículos com 99,7% de confiabilidade da transação.

• Sistema de gerenciamento de leilão baseado em nuvem
• Protocolos de segurança cibernética
• Centers de dados de alto desempenho

Rede global de centros de armazenamento e processamento

A empresa mantém uma extensa rede com Capacidade total de armazenamento superior a 8 milhões de pés quadrados em suas instalações.

Métrica de armazenamento	Medição
Espaço total de armazenamento	8.000.000 pés quadrados
Tamanho médio da instalação	36.036 pés quadrados
Capacidade de processamento de veículos	125.000 veículos/mês

Copart, Inc. (CPRT) - Modelo de Negócios: Proposições de Valor

Plataforma de remarketing de veículos on -line eficiente

A Copart opera um mercado digital com 222 locais físicos em 11 países a partir de 2023. A plataforma processou 2,1 milhões de veículos no ano fiscal de 2023, com receita total de US $ 3,85 bilhões.

Métrica da plataforma	2023 valor
Veículos totais processados	2,1 milhões
Receita total	US $ 3,85 bilhões
Locais físicos	222
Países de operação	11

Soluções econômicas para vendas de veículos de salvamento

A Copart fornece soluções de remarketing econômicas com as seguintes vantagens financeiras:

• Taxa média de comissão do vendedor: 8-12%
• Custos indiretos reduzidos através da plataforma digital
• Sem custos de retenção de inventário direto

Ampla gama de tipos e condições de veículos

Aparelhamento do inventário de veículos para 2023:

Categoria de veículo	Porcentagem de inventário
Veículos de salvamento	65%
Veículos de título limpos	25%
Veículos especiais	10%

Processo de leilão transparente e simplificado

Métricas de desempenho de leilão digital:

• Duração média do leilão: 7-10 dias
• Participação em tempo real: 185.000 compradores registrados
• Taxa de conclusão de leilão online: 92%

Acessibilidade global do mercado

Estatísticas de alcance do mercado internacional para 2023:

Região	Número de locais	Porcentagem da receita total
América do Norte	180	78%
Europa	25	15%
Outro Internacional	17	7%

Copart, Inc. (CPRT) - Modelo de Negócios: Relacionamentos do Cliente

Plataforma de leilão online de autoatendimento

A Copart opera um mercado digital com 222 locais físicos em 11 países. Em 2023, a plataforma processava 2,1 milhões de listagens de veículos anualmente. A plataforma on -line permite:

• Acesso ao leilão de veículos 24/7
• Recursos de licitação em tempo real
• Relatórios abrangentes de condição de veículos

Métrica da plataforma	2023 dados
Total de usuários registrados	765,000
Volume anual de transações	1,4 milhão de veículos
Participação média do leilão online	87% do total de transações

Equipes de suporte ao cliente dedicados

Copart mantém 182 Representantes de Atendimento ao Cliente entre locais globais. Os canais de suporte incluem:

• Suporte telefônico
• Assistência por e -mail
• Serviços de bate -papo ao vivo

Canais de comunicação digital em tempo real

A infraestrutura de comunicação digital inclui:

• Aplicativo móvel com notificações instantâneas
• Integração da API para clientes de negócios
• Atualizações por e -mail automatizadas

Canal digital	Usuários ativos mensais
Aplicativo móvel	412,000
Plataforma da Web	653,000

Rastreamento de desempenho do comprador e vendedor

As métricas de desempenho rastreadas incluem:

• Taxas de conclusão do comprador
• Qualidade do veículo do vendedor
• Velocidade da transação

Sistemas automatizados de licitação e transação

Processo de sistemas automatizados 98,6% das transações com intervenção humana mínima. Os principais recursos incluem:

• Licitação de proxy
• Processamento automático de pagamento
• Confirmações de transações instantâneas

Métrica de transação	2023 desempenho
Taxa de transação automatizada	98.6%
Tempo médio de transação	37 minutos

Copart, Inc. (CPRT) - Modelo de Negócios: Canais

Site de leilão online

A Copart opera www.copart.com, que processou 1,9 milhão de listagens de veículos em 2022. O site lida com mais de 125.000 veículos de recuperação e título limpo por semana. A plataforma de leilão on -line gera aproximadamente US $ 2,8 bilhões em receita anual de vendas de veículos.

Métrica da plataforma	2022 Estatísticas
Listagens totais de veículos	1,9 milhão
Listagens semanais de veículos	125,000
Receita anual de vendas online	US $ 2,8 bilhões

Plataformas de aplicativos móveis

Os aplicativos móveis da Copart disponível em plataformas iOS e Android suportam mais de 750.000 usuários registrados. Os downloads de aplicativos móveis excederam 500.000 em 2022.

• App Store da iOS Classificação: 4.7/5
• Android Google Play Classificação: 4.5/5
• Usuários totais de aplicativos móveis: 750.000+

Campanhas de marketing digital

A Copart investiu US $ 42,3 milhões em marketing digital em 2022, visando profissionais da indústria automotiva e compradores internacionais em 11 países.

Representantes de vendas diretas

A Copart mantém 1.200 representantes de vendas diretas em toda a América do Norte. O representante médio de vendas gera US $ 3,2 milhões em vendas anuais de veículos.

Métrica da equipe de vendas	2022 dados
Total de representantes de vendas	1,200
Vendas médias por representante	US $ 3,2 milhões

Mercados automotivos de terceiros

A Copart se integra a 87 mercados automotivos de terceiros em todo o mundo. Essas parcerias geram US $ 620 milhões adicionais em receita anual.

• Total Marketplace Partnerships: 87
• Receita do mercado global: US $ 620 milhões
• Alcance do mercado internacional: 11 países

Copart, Inc. (CPRT) - Modelo de negócios: segmentos de clientes

Companhias de seguros

A partir de 2023, a Copart trabalha com aproximadamente 460 companhias de seguros em todo o país. Os principais clientes de seguros incluem:

Companhia de seguros	Volume anual de veículos
State Farm	92.000 veículos
Allstate	67.500 veículos
Progressivo	55.300 veículos

Oficinas de reparo de automóveis

A Copart serve aproximadamente 8.500 oficinas de reparo de automóveis independentes e de franquia nos Estados Unidos.

• Aquisição média anual de peças: US $ 1,2 milhão por loja de reparo
• Valor de mercado total de peças automáticas provenientes: US $ 10,2 bilhões

Reconstadores de veículos

A Copart suporta aproximadamente 12.000 reconstruções de veículos em todo o país.

Reconstruindo a categoria	Número de reconstruções	Aquisição média anual de veículos
Reconstruções independentes	9,200	45 veículos
Empresas de reconstrução profissional	2,800	180 veículos

Revendedores internacionais de veículos

A Copart opera em 11 países, servindo revendedores internacionais de veículos.

• Rede Total de Revendedor Internacional: 6.500 revendedores
• Principais mercados internacionais: Oriente Médio, África, Caribe
• Vendas anuais de veículos internacionais: 340.000 veículos

Entusiastas automotivos individuais

A plataforma on -line da Copart serve aproximadamente 750.000 compradores individuais registrados.

Categoria de comprador	Número de usuários registrados	Compras médias anuais
Entusiastas individuais	450,000	2-3 veículos
Entusiastas profissionais	300,000	8-10 veículos

Copart, Inc. (CPRT) - Modelo de negócios: estrutura de custos

Manutenção de infraestrutura de tecnologia

Custos anuais de infraestrutura de tecnologia para copart em 2023: US $ 78,3 milhões

Categoria de tecnologia	Custo anual
Manutenção de sistemas de TI	US $ 42,1 milhões
Serviços de computação em nuvem	US $ 21,5 milhões
Infraestrutura de segurança cibernética	US $ 14,7 milhões

Despesas operacionais da instalação

Despesas operacionais da instalação total em 2023: US $ 195,6 milhões

Categoria de despesa	Custo anual
Manutenção da instalação	US $ 87,3 milhões
Utilitários	US $ 53,2 milhões
Arrendamentos de propriedades	US $ 55,1 milhões

Transporte de veículos e logística

Custos de logística e transporte para 2023: US $ 263,9 milhões

• Despesas de reboque de veículos: US $ 112,4 milhões
• Manutenção da frota de transporte: US $ 84,5 milhões
• Custos de combustível: US $ 67,0 milhões

Salários e treinamento de funcionários

Total de despesas relacionadas aos funcionários em 2023: US $ 412,7 milhões

Categoria de despesa	Custo anual
Salários da base	US $ 329,6 milhões
Programas de treinamento de funcionários	US $ 18,3 milhões
Benefícios e compensação	US $ 64,8 milhões

Custos de marketing e aquisição de clientes

Despesas de marketing para 2023: US $ 45,2 milhões

• Marketing Digital: US $ 22,7 milhões
• Publicidade tradicional: US $ 12,5 milhões
• Gerenciamento de relacionamento com o cliente: US $ 10,0 milhões

Copart, Inc. (CPRT) - Modelo de negócios: fluxos de receita

Comissão de vendas de veículos

A Copart gerou US $ 2,93 bilhões em receita total para o ano fiscal de 2023. A Comissão de Vendas de Veículos representou aproximadamente 70% da receita total, equivalente a aproximadamente US $ 2,05 bilhões.

Fonte de receita	Valor (2023)	Percentagem
Comissão de vendas de veículos	US $ 2,05 bilhões	70%

Taxas de transação de leilão online

As taxas de transação de leilão on -line contribuíram com aproximadamente US $ 350 milhões para a receita da Copart no ano fiscal de 2023.

• Taxa média de transação por veículo: $ 185
• Total de transações de leilão online: 1,89 milhão de veículos

Taxas de acesso à associação e plataforma

O acesso à plataforma e as taxas de associação geraram aproximadamente US $ 175 milhões em 2023.

Categoria de associação	Taxa anual	Receita estimada
Associação padrão	$99	US $ 75 milhões
Associação profissional	$299	US $ 100 milhões

Cobranças de armazenamento e processamento de veículos

As cobranças de armazenamento e processamento de veículos foram responsáveis ​​por US $ 220 milhões em receita para o ano fiscal de 2023.

• Taxa média diária de armazenamento: US $ 12,50 por veículo
• Taxa média de processamento: US $ 175 por veículo

Receitas de expansão do mercado internacional

As receitas do Marketplace International contribuíram com US $ 100 milhões para a receita total da Copart em 2023.

Região geográfica	Contribuição da receita	Número de transações
Canadá	US $ 45 milhões	215.000 veículos
Reino Unido	US $ 35 milhões	185.000 veículos
Outros mercados internacionais	US $ 20 milhões	95.000 veículos

Copart, Inc. (CPRT) - Canvas Business Model: Value Propositions

You're looking at the core reasons why Copart, Inc. commands its market position as of late 2025. It's not just about moving metal; it's about the financial outcomes they deliver to both sides of the transaction.

Maximizing recovery value for sellers through global buyer liquidity

For sellers, primarily insurance carriers, the value proposition centers on achieving the highest possible net return, which is directly tied to buyer competition. Copart, Inc. supports this with a massive global reach, connecting inventory to members in over 185 countries.

This global liquidity translates directly into better pricing. For instance, in the first quarter of fiscal 2026, management noted that international buyers purchased vehicles valued 38% higher than comparable U.S. buyers. The success in driving up realized prices is evident in the reported figures; for the fourth quarter of fiscal 2025, global Average Selling Prices (ASPs) for all insurance vehicles increased by 5.4% year-over-year. Even more impressive, U.S. insurance ASPs grew by 5.7% year-over-year in that same quarter, materially outpacing used car indices.

The overall financial strength derived from this liquidity is clear:

Metric	FY 2025 Full Year Value	Q4 FY 2025 Value
Total Revenue	$4.65 billion	$1.13 billion
Net Income	$1.55 billion	$396.4 million
Gross Profit	$2.1 billion	$510 million
Net Margin	33.41%	45.3% (Gross Margin Q4)

Providing a comprehensive, end-to-end vehicle remarketing service

Copart, Inc. manages the entire disposition process, which is why they can grow their non-insurance segments so effectively. Their Blue Car service, which handles vehicles from banks, rental car companies, and fleets, showed year-over-year growth exceeding 27% in the second quarter of fiscal 2025. This demonstrates success in moving beyond the core insurance channel.

The scale of this end-to-end operation is supported by a vast physical footprint, operating over 250 locations worldwide. They sold over 4 million units last year. This comprehensive service includes:

• Vehicle pick-up and debris removal.
• Safe, compliant storage across numerous facilities.
• Processing and preparation for auction.
• Sale via patented online auction technology.

Offering buyers a cost-effective, diverse source of salvage and used inventory

For buyers-dismantlers, rebuilders, and dealers-Copart, Inc. provides access to inventory that is both diverse and, relative to market conditions, cost-effective. While overall global unit sales saw a slight decline of 0.9% in the fourth quarter of fiscal 2025, the company managed inventory tightly. Global inventory decreased by 13.1% year-over-year, partly due to faster sales cycles.

The diversity of inventory is key, spanning cars, trucks, SUVs, motorcycles, boats, ATVs, and heavy equipment. Furthermore, the company's focus on operational efficiency helps keep the cost structure favorable for buyers, even as ASPs rise for sellers. For the full fiscal year 2025, revenue grew by 9.7% to approximately $4.65 billion.

Delivering a transparent, secure, and efficient digital auction experience

Efficiency is a major component of the value delivered to buyers, as faster processing means inventory is available to sell sooner. Copart, Inc. actively invests in technology to compress vehicle cycle times. In the first quarter of fiscal 2026, cycle times in the U.S. decreased by 9%. This efficiency is driven by their patented online auction platform, which sees over 1 million web visits per week.

The platform's security and transparency are implied by the financial results, showing sustained profitability and growth in service revenue. For the full fiscal year 2025, service revenues grew by 11.4%. The company's liquidity position, standing at $6 billion as of the end of July 2025, supports continued investment in these digital assets.

Operational resilience during natural disasters (CAT events)

The ability to rapidly deploy and process vehicles after catastrophic (CAT) events is a critical, non-cyclical value proposition for insurance partners. Copart, Inc.'s CAT Special Operations Command deploys to remove damaged vehicles within 24 to 48 hours after a storm. The company successfully managed processing for Hurricanes Helene and Milton, selling about a quarter of all assigned vehicles by the end of October following those events.

The underlying driver for this business-the frequency of total losses-remained high, with the total loss frequency reaching 22.6% for the calendar year 2025 through September. While CAT work itself is noted as not being inherently profitable long-term, it drives significant activity and timing effects across quarters. The company's U.S. insurance unit volume grew by approximately 9% year-over-year in Q2 2025.

Copart, Inc. (CPRT) - Canvas Business Model: Customer Relationships

Copart, Inc. connects vehicle consignors to approximately 1 million members across over 185 countries through its digital platform. The company sold more than 4 million units in the last year. This massive scale is supported by operations at over 250 physical locations in 11 countries as of May 2025.

The relationship structure is tiered, balancing high-touch service for key partners with broad automation for the majority of the user base. Here's a quick look at the scale and segment focus:

Metric/Segment	Data Point (As of Late 2025/Latest Reported)
Total Platform Members	Approximately 1 million
Countries of Operation	Over 185 (Members) / 11 (Physical Locations)
Annual Unit Volume (Trailing)	More than 4 million units
Non-Insurance Seller Volume (Historical Benchmark)	More than 20% of vehicles sold (FY 2021)
Blue Car Business Growth (Q2 FY2025 YoY)	Over 27% growth

Dedicated account management is the foundation for major B2B sellers, specifically insurance companies, which are central to the core business. These relationships prioritize efficient vehicle disposition and high recovery rates for total-loss inventory.

For buyers, the platform uses technology to tailor the experience. Predictive analytics power a Recommendations Engine that suggests similar makes and models based on user behavior. This targeted approach helps refine the auction experience for the broad membership base.

High-touch service is reserved for specific, high-value B2B relationships. The "Blue Car service," which covers bank, finance, and rental segments, demonstrated significant traction, showing over 27% year-over-year growth in Q2 fiscal year 2025. Furthermore, the Title Express service, which manages title retrieval, processes approximately 1 million vehicles annually, indicating a high-volume, specialized service for key partners.

The relationship for the majority of buyers is largely automated and self-service. This is the default mode for the massive volume of transactions occurring daily. The U.S. volume is heavily weighted toward consignment or fee units, which rely on the platform's automated listing and bidding infrastructure. The platform supports this scale with:

• Mobile apps for searching and bidding.
• Online payments via ePay, credit cards, or financing.
• Flexible purchase options like Buy It Now.

Finance: draft 13-week cash view by Friday.

Copart, Inc. (CPRT) - Canvas Business Model: Channels

You're looking at how Copart, Inc. gets its value proposition-the efficient remarketing of vehicles-to its customers. It's a multi-pronged approach, heavily weighted toward digital but still reliant on physical assets. Honestly, the scale of their physical footprint is what underpins the digital promise.

Primary: Proprietary online auction platform (Copart.com)

The core channel is the VB3 (Virtual Bidding, Version 3) online auction platform, accessible via Copart.com. This digital marketplace is where the majority of transactions happen. As of October 2025, the website maintained a strong digital presence, holding a Global Rank of #2,558 and ranking #5 in the Automotive Industry category in the United States. Engagement metrics show users spend an average of 00:07:33 per visit, looking at 10.85 pages, with a bounce rate of 31.97%. This platform connects consignors to approximately 1 million members in over 185 countries.

The reach and scale of this primary channel are best summarized by the overall transaction volume and buyer base:

• Facilitates over 3.5 million transactions annually.
• Connects sellers to over 750,000 registered buyers globally.
• Holds a 20.52% global market share in vehicle remarketing as of Q1 2025.

Global network of physical auction and storage facilities

While the auction is online, the physical infrastructure is critical for intake, storage, and processing. Copart, Inc. operates in 11 countries across North America, Europe, and the Middle East. This network includes over 200 auction yards worldwide. These facilities handle the logistics that feed the online channel. For instance, management highlighted investments in physical storage, such as the acquisition of Hall Ranch in South Florida, adding nearly 400 usable acres of vehicle storage capacity to handle large storm events. The company has 11,600 total employees to manage this physical network.

Here's a look at the scale of the physical and digital infrastructure supporting the business:

Metric	Value	Date/Period	Source Context
Total Employees	11,600	As of late 2025
Global Auction Yards	Over 200	As of fiscal 2025 start
Countries of Operation	11	As of late 2025
South Florida Storage Acres Added	Nearly 400	Q3 2025 reporting
TTM Revenue	$4.66B	Ending October 31, 2025

Mobile applications for bidding and inventory management

The mobile channel is essential, given that mobile phones accounted for about 59.7% of global website traffic as of April 2025. Copart, Inc. supports this with mobile applications that allow members to bid and manage inventory on the go. While specific app usage numbers aren't public, the general market trend shows that mobile is the default way people connect digitally. You have to assume a significant portion of those 1 million members are using the app for real-time bidding.

Copart Direct/Direct Buy channels for non-insurance sellers

This channel focuses on sellers outside the primary insurance segment, which management noted they are actively growing. This includes direct sales to specific partner segments:

• Blue Car Business: Serves bank, finance, fleet, and rental partners, showing year-over-year growth of over 20% in Q1 2025.
• Dealer Sales Volume: This is a combination of the Copart Dealer Services division and National Powersport Auctions.

Consignment or fee units still make up the vast majority of U.S. unit volume, but the growth in these non-insurance channels diversifies the supply base. Finance: draft the Q1 2026 cash flow projection by next Wednesday.

Copart, Inc. (CPRT) - Canvas Business Model: Customer Segments

You're looking at the core of Copart, Inc.'s business: who brings the cars and who buys them. This segment definition is what drives their massive platform volume, which for the year ended July 31, 2025, resulted in total revenue of $4.6 billion.

The seller side is heavily concentrated, which is a key characteristic of the Copart, Inc. model. Insurance companies are the bedrock of the inventory supply.

Seller Segment	Inventory Share/Metric	Latest Data Point
Insurance Companies	Largest segment by inventory	Supplied 81% of inventory in fiscal year 2024
Non-Insurance Sellers	Diversification focus	Exceeded 20% year-over-year growth in Q1 fiscal year 2025 for the 'Blue Car' business
Total Global Reach	Platform scale	Connects consignors to approximately 1 million members in over 185 countries

Still, the growth in non-insurance sources shows a strategic push to broaden the supply base beyond the primary source. For the three months ended July 31, 2025, total revenue was $1.1 billion, showing the scale of transactions across all segments.

The other key sellers feeding the platform include:

• Financial institutions
• Fleet operators
• Rental car companies
• Government entities
• Charities (Low Value Units)

On the buying side, Copart, Inc. serves a wide array of professional and individual customers globally. The B2B buyers are the volume drivers for most vehicle types, especially salvage and repairable units.

The primary B2B customer types are:

• Licensed dismantlers
• Rebuilders
• Used car dealers
• Exporters

To be fair, the B2C segment is also important, particularly for specific inventory types. This group primarily consists of individual buyers looking for clean-titled or low-value vehicles that don't require a dealer or dismantler license to purchase.

The platform's ability to attract and serve these diverse buyers is evident in its operational scale; for the nine months ended April 30, 2025, revenue reached $3.5 billion.

Copart, Inc. (CPRT) - Canvas Business Model: Cost Structure

You're looking at the hard numbers that drive Copart, Inc.'s operations, which is smart because this business runs on physical assets and technology integration. Here's the quick math on where the money goes for the fiscal year ending July 31, 2025.

Significant capital expenditure on real estate and yard expansion.

Copart, Inc. treats land as core infrastructure, continually purchasing property and expanding existing yards. The last 12-month Capital Expenditure (CapEx), based on the financial report for July 30, 2025, was ($569.0M). This represented a year-over-year growth rate of 11.4% in CapEx.

Operating expenses for vehicle processing, storage, and logistics.

These costs, primarily categorized under Yard Operations, are substantial and scale with unit volume. For the full fiscal year ended July 31, 2025, total Yard operations expenses were $1,744,436 thousand. Yard depreciation and amortization for the same period was $191,775 thousand. Global yard operations cost, excluding stock-based compensation and depreciation expense, increased by about $59 million, or about 17%, compared to the prior year period.

Here's a breakdown of key facility-related costs for the full fiscal year 2025:

Cost Component	Amount (in thousands)
Total Yard Operations Expenses	1,744,436
Yard Depreciation and Amortization	191,775
Yard Stock-Based Compensation	8,107

Technology development and maintenance costs for the VB3 platform.

While a specific line item for VB3 development isn't always isolated, system maintenance and enhancements fall under General and Administrative Expenses. For the fiscal year ended July 31, 2025, General and administrative expenses, excluding stock-based compensation and depreciation expense, totaled about $288 million. This figure reflected an increase of about $88 million over the prior year.

Cost of vehicle sales for purchase units (a smaller segment).

This cost relates to vehicles Copart, Inc. buys and sells for its own account, not on consignment. For the full year ended July 31, 2025, the Cost of vehicle sales was $602,997 thousand. This was a decrease of 2.7% from the prior fiscal year's $619,487 thousand.

The segment's performance showed some quarterly variation:

• Purchase vehicle revenue increased over 4% for the full year.
• Purchase vehicle gross profit decreased over 12% for the full year.

High gross margin of 45.2% for fiscal year 2025 reflects low variable costs.

The high profitability of the core service business is evident in the gross margin. For the fiscal year ending July 31, 2025, Copart, Inc.'s Gross Margin was 45.2%. This compares to a reported 45% in the same period. The latest twelve months gross profit margin was reported as 47.2%.

The gross profit for the full year ended July 31, 2025, was $2.1 billion, representing a 10.1% increase from the prior year.

Finance: draft 13-week cash view by Friday.

Copart, Inc. (CPRT) - Canvas Business Model: Revenue Streams

You're looking at how Copart, Inc. actually brings in the money, which is key for any financial model you're building. Honestly, their model is built on transaction volume, not just holding inventory.

Service Revenue (fees from sellers/buyers) is the primary stream, and it's the engine of the business. For the full fiscal year ending July 31, 2025, this segment grew by 11.4%. This stream is where the majority of the company's top line comes from, reflecting the fees charged to consignors (like insurance companies) and buyers for facilitating the auction of vehicles.

To give you the big picture, Total Revenue for Fiscal Year 2025 was $4.6 billion. That's a solid number, showing consistent growth in their core business. On the bottom line, Net Income for Fiscal Year 2025 was $1.6 billion. That margin tells you they manage their variable costs well, which is important when you consider the capital intensity of their operations.

The revenue streams are clearly segmented, which helps you see where the leverage is. Here's a quick look at the breakdown for the year ended July 31, 2025, based on the reported figures (note: amounts below are in thousands USD as reported in the detailed filing segment):

Revenue Component	FY2025 Amount (in thousands)	FY2024 Amount (in thousands)	Annual Growth
Service revenues	$3,968,662	$3,561,002	11.4%
Vehicle sales	$678,296	$675,821	0.4%
Total service revenues and vehicle sales	$4,646,958	$4,236,823	9.7%

See how service revenues dwarf the vehicle sales? That's the whole point of their asset-light approach, relatively speaking.

Beyond the main auction fees, Copart, Inc. captures revenue through several ancillary services. These are the necessary add-ons that keep the machine running smoothly for both sides of the transaction. You should be tracking these closely as they often carry higher margins.

• Ancillary fees for vehicle storage, which is critical when processing large volumes of total losses.
• Fees related to transportation services, moving vehicles to the appropriate auction yard.
• Revenue generated from title processing and documentation handling.

Then you have Vehicle Sales Revenue from purchased inventory. This is the smaller, capital-intensive stream where Copart, Inc. buys vehicles outright, usually for specific reasons or markets. For the full fiscal year 2025, this stream saw only a marginal increase of 0.4%, confirming that their core strategy remains focused on earning fees on other people's inventory rather than taking on significant vehicle holding risk.

If you're assessing risk, remember that the growth in the core service revenue stream at 11.4% is what drove the overall 9.7% total revenue growth for the year. Finance: draft 13-week cash view by Friday.