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v3.24.3

Long-Term Debt - Narrative (Details) |  |  | 12 Months Ended |  |
--- | --- | --- | --- | --- | ---
May 24, 2022 USD ($) | Dec. 21, 2021 USD ($) | Jul. 31, 2024 USD ($) | Jul. 31, 2023 USD ($) | Jul. 31, 2022 USD ($) | Dec. 20, 2021 USD ($) | Dec. 03, 2014 USD ($)
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Debt instrument costs |  |  | $ 0 | $ 0 | $ 1,212,000 |  |
Senior Notes |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Repayments of senior notes | $ 420,600,000 |  |  |  |  |  |
Make whole payment | 16,800,000 |  |  |  |  |  |
Accrued interest | $ 3,800,000 |  |  |  |  |  |
Note Purchase Agreement | Senior Notes |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Senior notes |  |  |  |  |  |  | $ 400,000,000.0
4.07% Senior Notes, Series A | Senior Notes |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Senior notes |  |  |  |  |  |  | $ 100,000,000.0
Stated interest rate |  |  |  |  |  |  | 4.07%
4.19% Senior Notes, Series B | Senior Notes |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Senior notes |  |  |  |  |  |  | $ 100,000,000.0
Stated interest rate |  |  |  |  |  |  | 4.19%
4.25% Senior Notes, Series C | Senior Notes |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Senior notes |  |  |  |  |  |  | $ 100,000,000.0
Stated interest rate |  |  |  |  |  |  | 4.25%
4.35% Senior Notes, Series D | Senior Notes |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Senior notes |  |  |  |  |  |  | $ 100,000,000.0
Stated interest rate |  |  |  |  |  |  | 4.35%
Revolving Credit Facility |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Debt instrument costs |  | $ 2,700,000 |  |  |  |  |
Revolving Credit Facility | Second Amended and Restated Credit Agreement |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Outstanding borrowings |  |  | $ 0 | $ 11,000,000 |  |  |
Covenant maximum leverage amount |  | 50,000,000 |  |  |  |  |
Covenant minimum liquidity amount |  | $ 75,000,000 |  |  |  |  |
Total consolidated net leverage ratio |  |  | (1.81) |  |  |  |
Minimum liquidity |  |  | $ 4,600,000,000 |  |  |  |
Revolving Credit Facility | Second Amended and Restated Credit Agreement | Scenario 1 |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Total net leverage ratio |  | 3.25 |  |  |  |  |
Revolving Credit Facility | Second Amended and Restated Credit Agreement | Scenario 2 |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Total net leverage ratio |  | 3.50 |  |  |  |  |
Revolving Credit Facility | Second Amended and Restated Credit Agreement | Minimum |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Commitment fee rate range |  |  | 0.175% |  |  |  |
Revolving Credit Facility | Second Amended and Restated Credit Agreement | Minimum | Base Rate |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Commitment fee rate range |  |  | 1.00% |  |  |  |
Revolving Credit Facility | Second Amended and Restated Credit Agreement | Minimum | Daily Rate |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Applicable interest rate added to reference rate in order to compute variable interest rate |  |  | 0.00% |  |  |  |
Revolving Credit Facility | Second Amended and Restated Credit Agreement | Maximum |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Commitment fee rate range |  |  | 0.275% |  |  |  |
Revolving Credit Facility | Second Amended and Restated Credit Agreement | Maximum | Base Rate |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Commitment fee rate range |  |  | 1.75% |  |  |  |
Revolving Credit Facility | Second Amended and Restated Credit Agreement | Maximum | Daily Rate |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Applicable interest rate added to reference rate in order to compute variable interest rate |  |  | 0.75% |  |  |  |
Revolving Credit Facility | Second Amended and Restated Credit Agreement | WellsFargo,NationalAssociation,TruistBank,BMOHarrisBankN.A.,SantanderBankN.A.,andBankofAmerica,N.A. |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Increase in credit facility |  | $ 200,000,000 |  |  |  |  |
Maximum borrowing capacity |  | 1,250,000,000 |  |  |  |  |
Letter of Credit | Second Amended and Restated Credit Agreement | WellsFargo,NationalAssociation,TruistBank,BMOHarrisBankN.A.,SantanderBankN.A.,andBankofAmerica,N.A. |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Maximum borrowing capacity |  | 550,000,000 |  |  |  |  |
Letter of Credit | Second Amended and Restated Credit Agreement | WellsFargo,NationalAssociation,TruistBank,BMOHarrisBankN.A.,SantanderBankN.A.,andBankofAmerica,N.A. | CPRT GmbH |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Maximum borrowing capacity |  | 150,000,000 |  |  |  |  |
Letter of Credit | Second Amended and Restated Credit Agreement | WellsFargo,NationalAssociation,TruistBank,BMOHarrisBankN.A.,SantanderBankN.A.,andBankofAmerica,N.A. | Copart Autos España, S.L.U. |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Maximum borrowing capacity |  | 150,000,000 |  |  |  |  |
Letter of Credit | Second Amended and Restated Credit Agreement | WellsFargo,NationalAssociation,TruistBank,BMOHarrisBankN.A.,SantanderBankN.A.,andBankofAmerica,N.A. | Copart UK Limited |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Maximum borrowing capacity |  | 250,000,000 |  |  |  |  |
Letter of Credit, Sublimit | Second Amended and Restated Credit Agreement | WellsFargo,NationalAssociation,TruistBank,BMOHarrisBankN.A.,SantanderBankN.A.,andBankofAmerica,N.A. |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Maximum borrowing capacity |  | $ 100,000,000 |  |  |  | $ 60,000,000 |

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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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- Definition The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. + References No definition available. + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
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