Earnings summaries and quarterly performance for COPART.
Executive leadership at COPART.
Board of directors at COPART.
CD
Carl D. Sparks
Detailed
Director
CH
Cherylyn Harley LeBon
Detailed
Director
DJ
Daniel J. Englander
Detailed
Lead Independent Director
DM
Diane M. Morefield
Detailed
Director
JE
James E. Meeks
Detailed
Director
MB
Matt Blunt
Detailed
Director
SF
Stephen Fisher
Detailed
Director
SD
Steven D. Cohan
Detailed
Director
TN
Thomas N. Tryforos
Detailed
Director
WJ
Willis J. Johnson
Detailed
Chairman of the Board
Research analysts who have asked questions during COPART earnings calls.
BL
Bob Labick
CJS Securities
10 questions for CPRT
Also covers: ACVA, BCPC, BV +11 more
BJ
Bret Jordan
Jefferies
8 questions for CPRT
Also covers: AAP, ABG, AN +19 more
CK
Craig Kennison
Robert W. Baird & Co. Incorporated
8 questions for CPRT
Also covers: BC, CWH, DOOO +16 more
JP
Jash Patwa
JPMorgan Chase & Co.
7 questions for CPRT
Also covers: CAR, INVZ, LAZR +2 more
Christopher Bottiglieri
BNP Paribas
6 questions for CPRT
Also covers: CVNA, KMX, LAD +2 more
JH
John Healy
Northcoast Research
6 questions for CPRT
Also covers: ACVA, CAR, CVNA +9 more
Jeff Lick
Stephens Inc.
5 questions for CPRT
Also covers: ABG, ACVA, AN +12 more
CB
Chris Battipaglia
BNP Paribas
2 questions for CPRT
Alice Wycklendt
Robert W. Baird & Co.
1 question for CPRT
Also covers: CWH, LCII, PATK +1 more
Recent press releases and 8-K filings for CPRT.
Copart reports Q2 fiscal 2026 results
CPRT
Earnings
Demand Weakening
- Consolidated revenue declined 3.6% to $1.12 billion; excluding CAT events, revenue rose 1.3%; net income was $350.7 million (down 9.5%) and EPS $0.36 (down 9.2%).
- U.S. segment: revenue down 5.5% (flat ex-CAT); U.S. insurance ASPs up 6% (9% ex-CAT); U.S. gross margin 46.6%.
- International segment: units down <1% (up 1% ex-CAT); non-insurance units up 9.1%; revenue grew 6.1% (7.7% ex-CAT).
- Insurance volumes: global insurance units declined 9.3% (4.1% ex-CAT) and U.S. insurance units declined 10.7% (4.8% ex-CAT); U.S. total loss frequency was 24.2% in Q4 2025 vs 23.1% a year ago and up from 15.6% in CY 2015.
- Deployed AI at scale—across engineering, analytics, document processing—and launched a total loss decision tool two years ago to accelerate carrier decisions.
Feb 19, 2026, 10:30 PM
Copart reports Q2 fiscal 2026 earnings
CPRT
Earnings
Share Buyback
- Consolidated revenue of $1.12 billion, down 3.6% y/y but up 1.3% ex-catastrophe, driven by 6% ASP growth offset by 8% unit decline.
- Net income of $350.7 million and diluted EPS of $0.36, down 9.5% and 9.2%; adjusted global gross margin rose 178 bps to 45%.
- U.S. revenue declined 5.5% (flat ex-cat), with insurance ASPs up 6% (9% ex-cat) and segment margin at 37.1%; international revenue rose 6.1% (7.7% ex-cat) with operating margin 23.6%.
- Ended quarter with $6.4 billion liquidity ($5.1 billion cash, no debt), free cash flow up 58% YTD, and repurchased 13 million shares for over $500 million.
Feb 19, 2026, 10:30 PM
Copart reports Q2 2026 results
CPRT
Earnings
Share Buyback
- Consolidated revenue was $1.12 billion, down 3.6% y/y (up 1.3% ex-cat), with net income of $350.7 million and EPS of $0.36, down ~9% y/y.
- Global insurance units declined 9.3% (4.1% ex-cat) and non-insurance units fell 2.7%; U.S. insurance ASPs rose 6% (9% ex-cat) and non-insurance ASPs rose 2%.
- U.S. segment revenue declined 5.5% (flat ex-cat) with a 46.6% gross margin; international revenue grew 6.1% (7.7% ex-cat) and insurance ASPs increased 9%.
- Ended the quarter with $6.4 billion liquidity (cash $5.1 billion), no debt, and repurchased over 13 million shares for >$500 million YTD.
Feb 19, 2026, 10:30 PM
Copart reports Q2 FY2026 results
CPRT
Earnings
- Copart reported Q2 FY2026 revenue of $1.1 billion, down 3.6% year-over-year; gross profit of $492.8 million, down 6.2%; and net income attributable of $350.7 million, down 9.5%, with diluted EPS of $0.36, a 10.0% decline.
- For the six months ended January 31, 2026, revenue was $2.3 billion (−1.4%), gross profit $1.0 billion (−0.8%), net income $754.4 million (+0.7%), and diluted EPS was $0.77, in line with the prior year.
- Management will host a conference call on February 19, 2026, at 5:30 p.m. ET to discuss these results.
Feb 19, 2026, 9:16 PM
Copart reports Q2 FY26 results
CPRT
Earnings
- Copart reported Q2 FY26 revenue of $1.1 billion, gross profit of $492.8 million, and net income of $350.7 million for the quarter ended January 31, 2026.
- Year-over-year, Q2 revenue decreased 3.6%, gross profit decreased 6.2%, and net income decreased 9.5%.
- Fully diluted EPS for Q2 FY26 was $0.36, down 10.0% from $0.40 in the prior year period.
- For the six months ended January 31, 2026, revenue was $2.3 billion (–1.4%), gross profit $1.0 billion (–0.8%), net income $754.4 million (+0.7%), and EPS was $0.77, flat year-over-year.
Feb 19, 2026, 9:15 PM
Copart enters into $1.25 billion senior revolving credit agreement
CPRT
Debt Issuance
- Copart, Inc. executed a $1.25 billion Senior Revolving Credit Agreement dated January 23, 2026, with Wells Fargo Bank, National Association as administrative agent and PNC Bank, National Association as syndication agent.
- The facility provides revolving credit commitments under Published Deal CUSIP 21720LAJ7 and Revolver CUSIP 21720LAK4 to support general corporate purposes.
- The agreement imposes customary covenants, including a maximum Consolidated Total Net Leverage Ratio of 3.75 to 1.00, which may increase to 4.25 to 1.00 for up to two material acquisitions.
Jan 26, 2026, 9:48 PM
Copart reports Q1 FY2026 earnings
CPRT
Earnings
- Copart’s Q1 FY2026 revenue was $1.16 billion, up 0.9% year-over-year (or +2.9% excluding catastrophe impacts); net income rose 11.5% to $404 million and EPS increased 10.8% to $0.41, with gross margin expanding 184 bps to 46.5%.
- Global units sold decreased 6.7% (4.6% ex-CAT), driven by an 8.1% decline in global insurance units (5.6% ex-CAT) and a 1.5% drop in non-insurance units.
- Average selling prices grew 8.5%, lifting fee revenue per unit by over 7%; U.S. insurance ASPs rose 8.4%, supporting a 7.5% increase in U.S. fee revenue per unit.
- Copart ended the quarter with liquidity of $6.5 billion—including $5.2 billion in cash—and maintained zero debt.
Nov 20, 2025, 10:30 PM
Copart reports Q1 FY2026 results
CPRT
Earnings
- Copart reported Q1 FY2026 revenue of $1.16 billion, up 1% year-over-year (2.9% excluding CAT), gross profit of $537 million (+4.9%), and EPS of $0.41 (+10.8%).
- Global units sold decreased 6.7% (–4.6% ex-CAT), with insurance units down 8.1% (–5.6% ex-CAT) and non-insurance units down 1.5%.
- In the US segment, revenue rose 0.5% (2.3% ex-CAT) while units sold declined 7.9% (–5.2% ex-CAT); fee revenue per unit climbed 7.5%, cycle time fell 9%, and inventory decreased 17%.
- International units fell 1% (up 4.5% ex-CAT), with revenue of $202 million (+1.6%, 5.7% ex-CAT), fee revenue per unit +8.1%, and insurance ASP –2.4% ; Copart ended Q1 with $6.5 billion in liquidity and no debt.
Nov 20, 2025, 10:30 PM
Copart reports Q1 FY2026 results
CPRT
Earnings
- Global units sold decreased 6.7% (or 4.6% excluding catastrophe impacts), with insurance units down 8.1% (5.6% ex CAT) and non‐insurance units down 1.5%.
- Consolidated revenue reached $1.16 billion (+0.9% YoY; +2.9% ex CAT), driven by service revenue growth and a 7% increase in fee revenue per unit on an 8.5% rise in ASPs.
- Net income was $404 million (+11.5%) with EPS of $0.41 (+10.8%), aided by a 184 bps gross margin expansion to 46.5% and higher interest income.
- U.S. segment: units sold fell 7.9% (5.2% ex CAT), but fee revenue per unit rose 7.5% and insurance ASPs climbed 8.4%, lifting gross margin to 48.7% and operating income to $375 million.
- International segment: units down 0.9% (up 4.5% ex CAT), revenue up 1.6% to $202 million, fee revenue per unit +8.1%, gross profit +13%, and operating margin of 27.5%.
Nov 20, 2025, 10:30 PM
Copart reports Q1 FY2026 results
CPRT
Earnings
- Revenue for Q1 FY2026 was $1.155 billion, up 0.7% year-over-year; gross profit was $537.0 million (+4.9%); net income attributable to Copart was $403.7 million (+11.5%); diluted EPS was $0.41, up 11.7%
- Operating income increased 6.0% to $430.7 million; net interest income rose 17.5% to $53.5 million
- Net cash provided by operating activities was $535.3 million, compared with $482.3 million in Q1 FY2025
Nov 20, 2025, 9:16 PM
Quarterly earnings call transcripts for COPART.
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