v3.26.3
Accounts Receivable, Net
12 Months Ended
Jul. 31, 2026
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
Accounts Receivable, Net

NOTE 3 — Accounts Receivable, Net

Accounts receivable, net consisted of:

 

 

July 31,

 

(In thousands)

 

2026

 

 

2025

 

Advance charges receivable

 

$

559,237

 

 

$

540,747

 

Trade accounts receivable

 

 

230,709

 

 

 

200,969

 

Other receivables

 

 

37,852

 

 

 

34,040

 

 

 

827,798

 

 

 

775,756

 

Less: Allowance for credit loss

 

 

(18,551

)

 

 

(12,945

)

Accounts receivable, net

 

$

809,247

 

 

$

762,811

 

 

Advance charges receivable represents amounts paid to third parties on behalf of insurance companies for which the Company will be reimbursed when the vehicle is sold. Advance charges are recovered within one year. Trade accounts receivable includes fees and gross auction proceeds to be collected from insurance companies and buyers.