Copart Inc (CPRT)
Gross profit margin
| Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,099,640 | 1,907,250 | 1,736,990 | 1,606,220 | 1,343,090 |
| Revenue | US$ in thousands | 4,646,960 | 4,236,820 | 3,869,520 | 3,500,920 | 2,692,510 |
| Gross profit margin | 45.18% | 45.02% | 44.89% | 45.88% | 49.88% |
July 31, 2025 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,099,640K ÷ $4,646,960K
= 45.18%
The analysis of Copart Inc's gross profit margin over the specified period reveals a pattern of gradual decline followed by slight stabilization. As of July 31, 2021, the gross profit margin stood at 49.88%. This metric then decreased to 45.88% by July 31, 2022, indicating a decline of approximately 4 percentage points within one year. Continuing this trend, the gross profit margin further diminished to 44.89% by July 31, 2023, reflecting a slight but ongoing reduction. Subsequently, the margin marginally increased to 45.02% by July 31, 2024, and continued a small upward trajectory to 45.18% as of July 31, 2025.
This overall movement suggests that while Copart Inc experienced a notable decrease of nearly 4 percentage points from 2021 to 2023, recent data indicates a stabilization and minor improvement in gross profit margins starting in 2024. The initial decline could be attributed to factors such as increased cost of goods sold, competitive pressures, or changes in sales mix, whereas the slight recovery might imply operational adjustments or margin enhancement efforts. Overall, the gross profit margin remains below its 2021 peak, reflecting ongoing challenges in maintaining higher profitability levels relative to sales.