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Copart Inc (CPRT)
NASDAQ:CPRT
Earnings Data
Report Date
May 20, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.42Last Year’s EPS
0.42Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed but resilient picture: underlying operating fundamentals—record ASPs, expanded gross margins (adjusted), strong international performance, significant liquidity, robust free cash flow growth, active share repurchases, and scaled technology/AI investments—are material positives. These strengths, however, are counterbalanced by meaningful reported declines in unit volumes (particularly insurance units), lower reported revenue and profit year-over-year (impacted by prior-year CAT comparisons), and sector-specific frictions (consumer coverage pullback, tariff disruption in heavy equipment). Management frames many headwinds as cyclical and highlights adjusted performance improvements and long-term competitive advantages (liquidity, Title Express, tow network, buyer depth, AI).Company Guidance
Strong Average Selling Prices (ASPs)
U.S. insurance ASPs increased 6% year-over-year (9% excluding prior-year CAT), continuing to outpace industry trends and delivering record ASPs for U.S. insurance consignors.
Adjusted Revenue and Margin Improvement
Consolidated revenue was $1.12B (down 3.6% reported), but excluding CAT revenue increased 1.3%. Global gross margin expanded 178 basis points to 45% (adjusted for CAT and one-time items).
International Growth and FX Tailwind
International revenue increased 6.1% (7.7% excluding CAT) to $200M, including a $13.4M favorable FX impact; international insurance ASPs rose 9%, with international operating margin at 23.6% and gross profit up 0.9%.
Strong Liquidity and Balance Sheet
Copart ended the quarter with approximately $6.4B in liquidity, including $5.1B cash and no debt, positioning the company with substantial financial flexibility.
Robust Free Cash Flow and Capital Returns
Free cash flow increased 58% year-to-date. Fiscal YTD share repurchases exceeded 13 million shares for over $500M, with an active buyback program (including 10b5-1) underway.
Operational Advantages: Title Express and Tow Network
Title Express is the largest platform in the industry (5x+ peers), often delivering cycle times ~10 days faster than insurers; Copart operates the largest tow network in the industry, improving pickup times and economics for clients.
Technology & AI Deployment at Scale
AI deployed enterprise-wide with ~1,000 engineers; AI is increasing productivity across analytics, document processing, dispatch and launched a total-loss decision tool two years ago to accelerate insurer decisions.
Noninsurance & Platform Growth
International noninsurance units increased 9.1%. Purple Wave (heavy equipment) Gross Transaction Value grew over 17% in the last 12 months. CDS unit volume grew 5% year-over-year.
Inventory & Assignment Efficiency
Global inventory declined 7% from prior year and global assignment volume declined low single digits, reflecting tighter, more efficient inventory management and faster cycle times.
CPRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CPRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $37.65 | $36.48 | -3.11% |
Nov 20, 2025 | $41.02 | $40.73 | -0.71% |
Sep 04, 2025 | $49.97 | $48.57 | -2.80% |
May 22, 2025 | $60.66 | $53.67 | -11.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Copart Inc (CPRT) report earnings?
Copart Inc (CPRT) is schdueled to report earning on May 20, 2026, Before Open (Confirmed).
What is Copart Inc (CPRT) earnings time?
Copart Inc (CPRT) earnings time is at May 20, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPRT EPS forecast?
CPRT EPS forecast for the fiscal quarter 2026 (Q3) is 0.42.