Copartreason 03 of 4it is wired into how the customer already worksderived 2026-09-09accession 0001193125-26-245578
A limited number of vehicle sellers historically have collectively accounted for a substantial portion of revenues
No single customer accounted for more than 10% of consolidated revenues during the nine months ended April 30, 2026
Vehicle sellers have terminated agreements with Copart in the past in particular markets
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedthree sentences · whole, uncut
the claims it rests on
A limited number of vehicle sellers historically have collectively accounted for a substantial portion of revenues
No single customer accounted for more than 10% of consolidated revenues during the nine months ended April 30, 2026
Vehicle sellers have terminated agreements with Copart in the past in particular markets
Copart (CPRT) — switching costs, read against the 10-Q