COPART INC Earnings Per Share Disclosure
| Year Ended July 31, | ||||||||||||||||||||
| (In thousands) | 2025 | 2024 | 2023 | |||||||||||||||||
| Weighted average common shares outstanding | 965,306 | 960,739 | 953,574 | |||||||||||||||||
| Effect of dilutive securities | 12,257 | 14,059 | 13,073 | |||||||||||||||||
| Weighted average common and dilutive potential common shares outstanding | 977,563 | 974,798 | 966,647 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Sep 26, 2025 | Showing above |
| 2024 | Sep 30, 2024 | |
| 2023 | Sep 28, 2023 | |
| 2022 | Sep 27, 2022 | |
| 2021 | Sep 27, 2021 | |
| 2020 | Sep 28, 2020 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.