Copart (CPRT)
NASDAQ:CPRT
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Earnings Data
Report Date
Sep 09, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.39Last Year’s EPS
0.41Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrayed a fundamentally healthy business with broad-based pricing power, strong profitability and an exceptionally strong balance sheet. Management highlighted durable long-term drivers (rising total loss frequency, international expansion, cross‑over buyer growth), substantial investments in technology and logistics, and outsized international and Purple Wave growth. Near-term headwinds include softer claims activity and modest declines in unit volumes, some regional buyer participation impacts from geopolitical events, and incremental costs tied to expanding logistics services. Overall, the positive revenue/ASP/margin trends, robust cash position, and continued share repurchases outweigh the volume and cost headwinds discussed.Company Guidance
Consolidated Revenue Growth
Consolidated revenue of $1.24 billion, up 2.1% year-over-year, driven by strength in service and purchased vehicle sales and ASP expansion.
Average Selling Price (ASP) Expansion
Global ASPs rose 4.6% year-over-year, with U.S. insurance ASPs up 4.1% (seasonally adjusted all-time record for Copart insurance ASPs) and U.S. noninsurance ASPs up 3.7%. Purchased unit ASPs increased 23%.
Profitability and Margins
Global gross profit increased 3.7% to $572.6 million; global gross margin improved 71 basis points to 46.3%. Operating income grew 2.8% to $464.3 million; net income was $402.4 million and diluted EPS rose 2.4% to $0.43.
Strong International Performance
International units increased 5.9% (insurance units +4.6%, noninsurance units +11.2%). International revenue grew 14.1% (7.9% ex-currency) to $234.2 million. International gross profit rose 21.9% and operating income reached $73.8 million (31.5% operating margin).
Balance Sheet Strength and Capital Returns
Liquidity of approximately $5.5 billion (including ~$4.2 billion in cash/equivalents and held-to-maturity securities) and no debt. Free cash flow up 12% year-to-date. Fiscal YTD share repurchases: over 43.4 million shares for >$1.6 billion.
Growth in Noninsurance / Whole-Car Channels and Buyer Network
Momentum in dealer services and powersports (unit growth ~1%), BluCar consignment channel +4%, combined fleet & finance seller volume grew in healthy double digits. International buyers now represent >1/3 of U.S. volumes and nearly half of auction proceeds; buyer network spans 160+ countries.
Purple Wave and Industrial Auction Momentum
Purple Wave LTM gross transaction value growth >25%, driven by organic territory expansion and enterprise account traction; Purple Wave team ~2.5–3x the size at acquisition.
Operational Investments and New Offerings
Continued heavy investment in technology, infrastructure and buyer recruitment. Launched domestic long‑haul delivery service (drives revenue and buyer convenience) and expanded Title Express / other value‑added services that support higher revenue per unit.
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 |
|---|---|---|---|
May 21, 2026 | $34.40 | $33.79 | -1.77% |
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% |
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 (CPRT) report earnings?
Copart (CPRT) is schdueled to report earning on Sep 09, 2026, Before Open (Confirmed).
What is Copart (CPRT) earnings time?
Copart (CPRT) earnings time is at Sep 09, 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 (Q4) is 0.39.