SEC Comment Letter for COPART INC (CPRT) (CIK 0000900075) (CPRT) — Apr 14, 2026
COPART INC (CPRT) (CIK 0000900075)
Date: April 14, 2026 · CIK: 0000900075 · Accession: 0000000000-26-003760
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 000-23255
Letter
Re: Copart, Inc. Form 10-K for the Fiscal Year Ended July 31, 2025 File No. 000-23255 Dear Leah Stearns:
April 14, 2026
Leah Stearns Chief Financial Officer Copart, Inc. 14185 Dallas Parkway Suite 300 Dallas Texas 75254
We have limited our review of your filing to the financial statements and related disclosures and have the following comment(s).
Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 10-K for the Fiscal Year Ended July 31, 2025 Index to Consolidated Financial Statements Note 14. Segments and Other Geographic Reporting, page 80
1. Please tell us how your disclosure complies with the requirement to disclose how the chief operating decision maker uses your reported measures of segment profit or loss in assessing segment performance and deciding how to allocate resources pursuant to ASC 280-10-50-29.f. Refer to ASC 280-10-55-47.bb for guidance. 2. Please confirm that the expenses presented are the significant segment expenses provided to your chief decision maker, and consider labeling the expenses as significant segment expenses or other segment items. See ASC 280-10-50-26A and 26B. April 14, 2026 Page 2
In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please contact Aamira Chaudhry at 202-551-3389 or Theresa Brillant at 202-551-3307 with any questions.
Sincerely,
Division of
Corporation Finance
Office of Trade &
Services
Show Raw Text
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> April 14, 2026 Leah Stearns Chief Financial Officer Copart, Inc. 14185 Dallas Parkway Suite 300 Dallas Texas 75254 Re: Copart, Inc. Form 10-K for the Fiscal Year Ended July 31, 2025 File No. 000-23255 Dear Leah Stearns: We have limited our review of your filing to the financial statements and related disclosures and have the following comment(s). Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-K for the Fiscal Year Ended July 31, 2025 Index to Consolidated Financial Statements Note 14. Segments and Other Geographic Reporting, page 80 1. Please tell us how your disclosure complies with the requirement to disclose how the chief operating decision maker uses your reported measures of segment profit or loss in assessing segment performance and deciding how to allocate resources pursuant to ASC 280-10-50-29.f. Refer to ASC 280-10-55-47.bb for guidance. 2. Please confirm that the expenses presented are the significant segment expenses provided to your chief decision maker, and consider labeling the expenses as significant segment expenses or other segment items. See ASC 280-10-50-26A and 26B. April 14, 2026 Page 2 In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Aamira Chaudhry at 202-551-3389 or Theresa Brillant at 202-551-3307 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services </TEXT> </DOCUMENT>