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v3.25.2

Long-Term Debt (Details) - Second Amended and Restated Credit Agreement |  | 12 Months Ended |  |
--- | --- | --- | --- | ---
Dec. 21, 2021 USD ($) | Jul. 31, 2025 USD ($) | Jul. 31, 2024 USD ($) | Dec. 20, 2021 USD ($)
Revolving Credit Facility |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Outstanding borrowings |  | $ 0 | $ 0 |
Maximum leverage | $ 50,000,000 |  |  |
Minimum liquidity | 75,000,000 |  |  |
Total consolidated net leverage ratio |  | (2.35) |  |
Minimum liquidity requirement |  | $ 6,000,000,000 |  |
Debt issuance fees | $ 2,700,000 |  |  |
Revolving Credit Facility | Scenario 1 |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit facility, covenant terms | 3.25 |  |  |
Revolving Credit Facility | Scenario 2 |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit facility, covenant terms | 3.50 |  |  |
Revolving Credit Facility | Minimum |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Commitment fee rate (as a percent) |  | 0.175% |  |
Revolving Credit Facility | Minimum | Base Rate |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Commitment fee rate (as a percent) |  | 1.00% |  |
Revolving Credit Facility | Minimum | Daily Rate |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Debt instrument, basis spread on variable rate (as a percent) |  | 0.00% |  |
Revolving Credit Facility | Maximum |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Commitment fee rate (as a percent) |  | 0.275% |  |
Revolving Credit Facility | Maximum | Base Rate |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Commitment fee rate (as a percent) |  | 1.75% |  |
Revolving Credit Facility | Maximum | Daily Rate |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Debt instrument, basis spread on variable rate (as a percent) |  | 0.75% |  |
Revolving Credit Facility | Wells Fargo, National Association, Trust Bank, BMO Harris Bank N.A., Santander Bank N.A., and Bank of America, N.A. |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Increase in credit facility | $ 200,000,000 |  |  |
Maximum borrowing capacity | 1,250,000,000 |  |  |
Outstanding borrowings | 100,000,000 |  |  | $ 60,000,000
Letter of Credit | Wells Fargo, National Association, Trust Bank, BMO Harris Bank N.A., Santander Bank N.A., and Bank of America, N.A. |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Maximum borrowing capacity | 550,000,000 |  |  |
Letter of Credit | Wells Fargo, National Association, Trust Bank, BMO Harris Bank N.A., Santander Bank N.A., and Bank of America, N.A. | CPRT GmbH |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Maximum borrowing capacity | 150,000,000 |  |  |
Letter of Credit | Wells Fargo, National Association, Trust Bank, BMO Harris Bank N.A., Santander Bank N.A., and Bank of America, N.A. | Copart Autos España, S.L.U. |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Maximum borrowing capacity | 150,000,000 |  |  |
Letter of Credit | Wells Fargo, National Association, Trust Bank, BMO Harris Bank N.A., Santander Bank N.A., and Bank of America, N.A. | Copart UK Limited |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Maximum borrowing capacity | $ 250,000,000 |  |  |

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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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