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CPRT · Concentration risk · 10-K extracted

Copart (CPRT) concentration risks

Updated

The most significant concentration Copart discloses is U.S. segment revenue at 83%, 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.

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Methodology · Editorial policy & full disclaimer

Source: Copart’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗

At a glance

Disclosed-size breakdown · 2 disclosed concentrations

HIGH2
MEDIUM0
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).

HIGHBuilt-inGeographic
83%

U.S. segment revenue

“10-K Item 1: 'we generated 83.0% of our revenue in our U.S. segment and 17.0% in our international segment'”
— SEC 10-K · filed Sep 2025
HIGHOutside partyCustomer
81%

insurance company sellers

“10-K Item 1: 'We obtained 81%, 81%, and 83% of the total number of vehicles processed during fiscal 2025, 2024, and 2023, respectively, from insurance company sellers.'”
— SEC 10-K · filed Sep 2025
TrendMatrix Research · concentration synthesis

What these concentrations mean together

updated 2026-10-04

Copart's disclosed concentrations are one structural and one dependency exposure, and they reinforce each other. Geographically, the company generated 83.0% of its revenue in its U.S. segment, a high-share exposure that ties results to U.S. salvage volumes, regulation and economic conditions, with the international segment contributing the remainder. On the supply side of its auction marketplace, the company obtained 81% of the total number of vehicles processed from insurance company sellers, a high-share dependency. The filing gives the same measure for the two earlier years as 81% and 83%, which indicates the reliance has been stable rather than a one-year anomaly. Taken together, the business is a U.S.-centered marketplace whose inventory depends on a single seller category. The geographic share is structural and slow-moving, while the insurer dependency is the exposure that could move results most directly, for example through changes in how insurers dispose of vehicles or in their relationships with salvage buyers. Both are clearly disclosed in the 10-K.

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

SymbolNameHIGHMEDIUMLOWTotal
CPRT●Copart, Inc.2002
ARMKAramark1102
AMTMAmentum Holdings, Inc.1001
BKSYBlackSky Technology Inc.1001
ABMABM Industries Incorporated0000
AZZAZZ Inc.0000

Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.

Concentration disclosures are extracted verbatim from SEC 10-K filings; the disclosed-size classification and the synthesis above are engine-derived. Size reflects how large each exposure is against fixed share thresholds (HIGH >50%, MEDIUM 25–50%, LOW <25% or an explicit diversification statement), not a judgment of how dangerous it is, and is not a buy/sell rating, a price target, or a view on the stock. Not a complete list of risk factors — see the full filing.

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