The beat is modest and net income decline dampens enthusiasm. With the stock near $31.8B market cap and buybacks masking soft operational growth, watch for revenue acceleration or margin expansion in coming quarters to sustain the valuation.
Price Chart
Executive Summary
Copart reported Q3 FY2026 revenue of $1.237B (2.1% YoY growth) and diluted EPS of $0.43, beating consensus estimates of $1.20B and $0.41. However, net income attributable to Copart declined 1.0% YoY to $402.4M, reflecting slower growth and the impact of a $1.63B year-to-date share buyback program that reduced diluted shares by 3.6%.
Key Financial Metrics
Key Facts
- Revenue $1.237B vs consensus $1.20B (beat by 3.1%)
- Diluted EPS $0.43 vs consensus $0.41 (beat by 4.9%)
- Net income attributable to Copart $402.4M, down 1.0% YoY
- Diluted weighted average shares fell 3.6% YoY to 942.8M
- Year-to-date share repurchases of $1.63B
- U.S. segment revenue declined slightly; international revenue grew 14.1%
Financial Impact
Revenue beat consensus by $37M (3.1%), EPS beat by $0.02 (4.9%), but net income declined $4.2M YoY. Share buyback boosted EPS by ~2.5%.
Risk Factors
- Slowing revenue growth (2.1% vs historical double-digit)
- Declining net income despite buyback support
- U.S. service revenue down 0.4% YoY indicates market share or pricing pressure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-234447 |
| Document: cprt-20260521.htm | 0001193125-26-234447 |
| Document: 0001193125-26-234447-index-headers.html | 0001193125-26-234447 |
| Document: 0001193125-26-234447-index.html | 0001193125-26-234447 |
| Document: 0001193125-26-234447.txt | 0001193125-26-234447 |
| 8-K Data (Synthetic) | 0001193125-26-234447 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 21d ago | 8-K | $29.95 $29.28 | ▼ −2.24% | ▼ −2.02% | $27.22 (−9.12%) |
Aug 18, 2026 6w ago | 8-K | $31.51 $33.33 | ▲ +5.78% | ▲ +5.98% | $27.22 (−13.61%) |
Jun 29, 2026 13w ago | 8-K | $28.10 $29.24 | ▲ +4.06% | ▲ +2.67% | $27.22 (−3.13%) |
May 21, 2026 19w ago | 8-K | $33.76 $32.29 | ▼ −4.35% | ▼ −6.01% | $27.22 (−19.38%) |
Feb 28, 2026 30w ago | Institutional Cluster | $38.30 $37.57 | ▼ −1.92% | ▼ −0.71% | $27.22 (−28.94%) |
US Market Status
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