Vehicle Auction New Facility Openings

Vehicle Auction New Facility Openings measures newly opened operating facilities added to Copart's physical network during the reporting year.

Copart reported 6 new operational facilities in fiscal 2025.

Six openings were less than 2.4% of the disclosed global location count

Copart reported Vehicle Auction Global Location Count of over 250 locations.

Using 250 as a lower-bound denominator, six openings equal 2.4%. Because the actual location count was above 250, the six openings represented less than 2.4% of that disclosed location base as a simple scale check.

Openings are not the same as net location growth

A gross opening count does not incorporate closures, relocations, acquisitions, timing during the year, or whether every new facility reached normal operating capacity immediately.

The ratio therefore should not be presented as a formal network growth rate.

Physical expansion can precede financial contribution

A new yard can add land, storage, processing, inspection, towing, and catastrophe capacity before it reaches mature volume.

Use Vehicle Auction Facility Operations Expense to track the broader cost of operating the physical network rather than assuming six openings translate directly into six units of profit.

Primary sources: Copart 2025 Form 10-K and Copart fiscal 2026 results.

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