HIGHOutside partyCustomer
79%
insurance company sellers
“10-K Item 1: 'We obtained 79%, 81%, and 81% of the total number of vehicles processed during fiscal 2026, 2025, and 2024, respectively, from insurance company sellers'”
CPRT · Concentration risk · 10-K extracted
Copart (CPRT) concentration risks
Updated
The most significant concentration Copart discloses is insurance company sellers at 79%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Copart’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
38.2%
International members buying U.S. vehicles
“10-K Item 1: 'sales of U.S. vehicles, on a unit basis, to International members was 38.2%'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18Copart's disclosed concentrations are both dependency-type and sit on the supply and demand sides of its auction marketplace. Insurance company sellers supplied 79% of the vehicles processed in fiscal 2026, compared with 81% in fiscal 2025 and 81% in fiscal 2024, a high-share exposure that has eased slightly. Because insurers control where salvage vehicles are consigned, their sourcing decisions and contract terms are the main driver of inventory flow, making this a counterparty-specific risk rather than a purely macro one. On the demand side, sales of U.S. vehicles to International members were 38.2% on a unit basis, a medium-share exposure. This ties a sizeable portion of buyer demand to overseas purchasers, so currency moves, trade restrictions, or foreign economic conditions could affect pricing and volume. Taken together, the insurer concentration determines whether the company has supply to sell, while the international buyer concentration influences how much it can realize per unit. The two are complementary: the supply base is concentrated by counterparty, and the buyer base is concentrated by geography. The modest decline in the insurer share is a mildly favorable trend.
For the engine’s reasoning on CPRT’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Specialty Business Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ARMK | Aramark | 1 | 1 | 0 | 2 |
| CPRT● | Copart, Inc. | 1 | 1 | 0 | 2 |
| AMTM | Amentum Holdings, Inc. | 1 | 0 | 0 | 1 |
| BKSY | BlackSky Technology Inc. | 1 | 0 | 0 | 1 |
| ABM | ABM Industries Incorporated | 0 | 0 | 0 | 0 |
| AZZ | AZZ Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.