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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2022
Total service revenues and vehicle sales $ 4,236,823 $ 3,869,518 $ 3,500,921
Operating expenses:      
Yard operations 1,710,084 1,518,029 1,309,497
Cost of vehicle sales 619,487 614,498 585,203
General and administrative 335,229 250,422 231,224
Total operating expenses 2,664,800 2,382,949 2,125,924
Operating income 1,572,023 1,486,569 1,374,997
Other income (expense):      
Interest income (expense), net 145,673 65,928 (16,688)
Loss on extinguishment of debt 0 0 (16,759)
Other income (expense), net (3,095) 1,831 (596)
Total other income 142,578 67,759 (34,043)
Income before income taxes 1,714,601 1,554,328 1,340,954
Income tax expense 352,254 316,587 250,824
Net income 1,362,347 1,237,741 1,090,130
Less: Net income (loss) attributable to redeemable noncontrolling interest (673) 0 0
Net income attributable to Copart, Inc. $ 1,363,020 $ 1,237,741 $ 1,090,130
Basic net income per common share (in dollars per share) $ 1.42 $ 1.30 $ 1.15
Weighted average common shares outstanding (in shares) 960,739 953,574 949,676
Diluted net income per common share (in dollars per share) $ 1.40 $ 1.28 $ 1.13
Diluted weighted average common shares outstanding (in shares) 974,798 966,647 964,604
Service revenues      
Total service revenues and vehicle sales $ 3,561,002 $ 3,198,128 $ 2,853,040
Vehicle sales      
Total service revenues and vehicle sales $ 675,821 $ 671,390 $ 647,881