COPART (CPRT) Company Report

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

Copart integrates One Inc’s ClaimsPay to speed lienholder payments

CPRT

Product Launch

Copart partners with One Inc to integrate ClaimsPay® into its Title Express and Loan Payoff system, streamlining lienholder payments for total-loss vehicle claims.
The integration provides real-time VIN-based matching, modern digital payment rails, and direct initiation of payments through insurer or Copart systems, reducing manual steps and errors.
Faster disbursements enable Copart to move vehicles to auction sooner, cutting carrying costs, enhancing insurer efficiency, and improving customer satisfaction.
Copart operates over 250 locations across 11 countries, connects approximately 1 million members, and sold more than 4 million units in the last year.

Oct 15, 2025, 1:00 PM

Earnings Transcripts

Quarterly earnings call transcripts for COPART.

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