Copart (NASDAQ:CPRT) Posts Earnings Results

Copart (NASDAQ:CPRT) announced its quarterly earnings results on Thursday. The business services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02, FiscalAI reports. Copart had a return on equity of 16.31% and a net margin of 33.48%.The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the firm earned $0.42 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year.

Here are the key takeaways from Copart’s conference call:

• Copart posted 2.1% revenue growth to $1.24 billion, with gross profit rising 3.7% and earnings per diluted share up 2.4% to $0.43, helped by higher average selling prices and share repurchases.
• U.S. insurance unit volumes declined 4.2% in the quarter, reflecting softer claims activity and policy-mix shifts, though management said the long-term insurance growth algorithm remains intact.
• Auction returns remained strong, with U.S. insurance ASPs up 4.1% year over year to a record level, supported by Copart’s broad international buyer base and higher pure-sale participation.
• International momentum was a standout, as units sold rose 5.9% and revenue increased 14.1% (7.9% ex-currency), with especially strong performance in the U.K., Germany, and Canada.
• The company ended the quarter with $5.5 billion of liquidity and no debt and continued aggressive buybacks, repurchasing more than 43.4 million shares year to date for over $1.6 billion.

Copart Stock Down 1.8%

Copart stock opened at $33.79 on Friday. The business has a 50 day moving average price of $33.28 and a two-hundred day moving average price of $37.21. The stock has a market cap of $32.55 billion, a price-to-earnings ratio of 20.99 and a beta of 1.02. Copart has a 12 month low of $32.20 and a 12 month high of $58.07.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Weiss Ratings cut Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. cut their price objective on Copart from $45.00 to $34.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Jefferies Financial Group set a $45.00 price objective on Copart in a research report on Friday. Robert W. Baird set a $48.00 price objective on Copart and gave the stock an “outperform” rating in a research report on Friday, February 20th. Finally, Zacks Research raised Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.50.

Copart News Summary

Here are the key news stories impacting Copart this week:

• Positive Sentiment: Copart beat Q3 expectations, reporting $0.43 EPS versus $0.41 expected and revenue of $1.24 billion versus $1.19 billion expected, signaling that pricing and mix improvements are supporting results. Article: Copart, Inc. (CPRT) Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Analysts highlighted strong selling prices, a richer revenue mix, and pricing power on the earnings call, suggesting Copart is offsetting lower unit volumes with better monetization. Article: Copart Earnings Call Highlights Pricing Power And Growth
• Positive Sentiment: Coverage noted that international expansion and a diversified seller base are helping offset U.S. insurance pressures, pointing to a more resilient growth profile. Article: CPRT Q1 deep dive: International expansion and diversified seller base offset US insurance pressures
• Neutral Sentiment: Management and commentary emphasized continued strategic investment and revenue growth, which supports the long-term story but does not materially change near-term fundamentals on its own. Article: Copart Inc (CPRT) Q3 2026 Earnings Call Highlights
• Negative Sentiment: Barclays kept a Sell rating on Copart, reflecting ongoing skepticism about the stock’s valuation or near-term upside despite the earnings beat. Article: Barclays Remains a Sell on Copart (CPRT)

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 26,213 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total value of $869,747.34. Following the completion of the transaction, the chief executive officer owned 79,532 shares of the company’s stock, valued at $2,638,871.76. This represents a 24.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 9.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Copart

Several large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Copart by 92.1% in the 4th quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock valued at $816,000 after purchasing an additional 6,817 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Copart by 365.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 878 shares during the period. Jump Financial LLC bought a new stake in shares of Copart in the 2nd quarter valued at approximately $2,677,000. Sei Investments Co. grew its stake in shares of Copart by 110.0% in the 2nd quarter. Sei Investments Co. now owns 900,330 shares of the business services provider’s stock valued at $44,179,000 after purchasing an additional 471,571 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in shares of Copart by 3.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 413,083 shares of the business services provider’s stock valued at $20,270,000 after purchasing an additional 13,860 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Company Profile

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.