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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Total service revenues and vehicle sales $ 1,020,416 $ 893,372
Operating expenses:    
Yard operations 408,501 372,777
Cost of vehicle sales 147,896 151,112
General and administrative 68,643 57,980
Total operating expenses 625,040 581,869
Operating income 395,376 311,503
Other income (expense):    
Interest income, net 32,005 4,422
Other expense, net (4,072) (2,822)
Total other income 27,933 1,600
Income before income taxes 423,309 313,103
Income tax expense 90,777 67,255
Net income 332,532 245,848
Less: Net income attributable to redeemable noncontrolling interest 5 0
Net income attributable to Copart, Inc. $ 332,527 $ 245,848
Basic net income per common share (in dollars per share) $ 0.35 $ 0.26
Weighted average common shares outstanding (in shares) 958,127 952,198
Diluted net income per common share (in dollars per share) $ 0.34 $ 0.25
Diluted weighted average common shares outstanding (in shares) 971,682 964,336
Service revenues    
Total service revenues and vehicle sales $ 859,536 $ 726,840
Vehicle sales    
Total service revenues and vehicle sales $ 160,880 $ 166,532