Copart to Announce Q3 Earnings with Stable Revenue Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 27 2026
0mins
Source: seekingalpha
Copart Inc (CPRT) has seen its stock price increase by 3.74% as it reaches a 20-day high.
The company is set to announce its Q3 earnings on May 21, with a consensus EPS estimate of $0.41 and revenue expected at $1.2 billion. Despite a strong historical performance where Copart has beaten EPS and revenue estimates 75% of the time, recent revisions show a cautious outlook with 7 downward adjustments for EPS estimates and 5 for revenue. This reflects market caution regarding the company's future growth amid rising tensions in the Middle East, which has led to a correction phase in the Nasdaq, increasing focus on oversold large-cap industrial stocks.
The upcoming earnings report is crucial for Copart as it navigates a challenging market environment. Investors will be keenly watching the results to gauge the company's ability to maintain its profitability and growth trajectory.
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Analyst Views on CPRT
Wall Street analysts forecast CPRT stock price to rise
4 Analyst Rating
1 Buy
2 Hold
1 Sell
Hold
Current: 32.770
Low
33.00
Averages
43.33
High
52.00
Current: 32.770
Low
33.00
Averages
43.33
High
52.00
About CPRT
Copart, Inc. is a provider of online auctions and vehicle remarketing services. The Company provides vehicle sellers with a full range of services to process and sell vehicles over the internet through the Company’s Virtual Bidding Third Generation (VB3) internet auction-style sales technology. The Company sells principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, exporters, and directly to the general public. Vehicle sellers consist primarily of insurance companies, but also include dealers, individuals, charities, rental, banks, finance companies, and fleet operators. It operates more than 200 locations in 11 countries and has more than 175,000 vehicles up for auction every day. The Company operates in United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain. It operates both as an agent and on a principal basis.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Copart (CPRT) Q3 2026 Earnings Transcript
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Copart Reports Strong Q1 Results Exceeding Expectations
- Revenue Growth: Copart's Q1 revenue reached $1.24 billion, reflecting a 2.1% year-over-year increase that surpassed analyst expectations of $1.19 billion, indicating strong performance in international markets despite a slowdown in U.S. insurance volumes.
- Earnings Beat: The adjusted EPS of $0.43 exceeded analyst estimates of $0.41 by 5.7%, showcasing the effectiveness of the company's strategies in enhancing auction returns and service innovations.
- International Market Performance: The international segment saw nearly 6% unit growth, particularly strong in the U.K., Germany, and Canada, with international service revenues growing almost 18%, highlighting the success of Copart's expanded global buyer network.
- Future Growth Strategy: Management anticipates a gradual recovery in claims activity and plans to deepen relationships with rental car companies and financial institutions to increase the share of noninsurance vehicle sales, thereby driving long-term growth.
See More
Copart Reports Revenue Growth Amid Challenges
- Revenue Growth: Copart's consolidated revenue reached $1.24 billion, reflecting a 2.1% year-over-year increase, primarily driven by robust service and vehicle sales, despite a 2.7% decline in global insurance unit sales.
- International Market Performance: International revenue surged by 14.1% to $234.2 million, with significant contributions from the UK, Germany, and Canada, highlighting the company's potential for global market expansion.
- Financial Flexibility: With liquidity of approximately $5.5 billion and no debt, Copart enjoys substantial financial flexibility, enabling continued investments in technology platforms and infrastructure to enhance service capabilities.
- Challenges and Responses: Facing rising fuel prices and transportation costs, Copart is managing these challenges by adjusting rates and optimizing its hybrid towing fleet, ensuring ongoing support for its business and clients.
See More
Copart Q3 2026 Earnings Call Highlights
- Revenue Growth: Copart's consolidated revenue reached $1.24 billion in Q3, up 2.1% year-over-year, demonstrating the company's ability to achieve revenue growth despite declines in insurance unit sales, reflecting its market resilience and successful business diversification.
- Insurance Unit Performance: While global insurance unit sales declined by 2.7%, the average selling price (ASP) for U.S. insurance units increased by 4.1% year-over-year, reaching an all-time high, indicating strong pricing power and market demand.
- International Market Expansion: Total units sold internationally grew by 5.9%, with insurance units up 4.6% and non-insurance units increasing by 11.2%, showcasing Copart's sustained growth momentum in global markets, particularly in key regions like Germany and the U.K.
- Share Repurchase Program: As of Q3, Copart has repurchased over 43.4 million shares for an aggregate amount exceeding $1.6 billion, reflecting the company's confidence in its value and enhancing shareholder returns through buybacks that boost earnings per share.
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Copart Q3 Earnings Exceed Expectations
- Earnings Beat: Copart reported Q3 GAAP EPS of $0.43, exceeding expectations by $0.02, demonstrating the company's robust profitability in the current market environment.
- Revenue Growth: The company achieved $1.24 billion in revenue for Q3, reflecting a 3.3% year-over-year increase and surpassing expectations by $40 million, indicating sustained growth in the used car auction market and solid market share.
- Positive Market Reaction: Following the strong earnings report, analysts upgraded Copart's rating, reflecting market confidence in its future growth potential, which further propelled the stock price upward.
- Attractive Valuation: Despite market volatility, Copart is viewed as a wide-moat compounder, with current valuation levels providing a compelling buying opportunity for investors, especially amid escalating tensions in the Middle East.
See More
Copart Reports Slight Decline in Q3 Profit Despite Revenue Growth
- Slight Profit Decline: Copart's Q3 net income fell to $402.4 million, or $0.43 per share, down from $406.6 million and $0.42 per share a year ago, indicating pressure on profitability despite revenue growth.
- Revenue Growth: The company reported a 2.1% increase in revenue to $1.24 billion, driven by higher service revenue and vehicle sales, suggesting that Copart maintains a certain growth momentum in market demand.
- Service Revenue Boost: The increase in service revenue was a key driver of overall revenue growth, reflecting Copart's effective strategies in enhancing customer service and optimizing operations, potentially laying the groundwork for sustained future growth.
- Stable Market Performance: Despite the challenges of declining profits, Copart's revenue growth indicates strong competitiveness in the online vehicle auction market, with prospects for improving profitability through further market expansion and service optimization.
See More
Copart (CPRT) Q3 2026 Earnings Transcript
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Copart Reports Strong Q1 Results Exceeding Expectations
- Revenue Growth: Copart's Q1 revenue reached $1.24 billion, reflecting a 2.1% year-over-year increase that surpassed analyst expectations of $1.19 billion, indicating strong performance in international markets despite a slowdown in U.S. insurance volumes.
- Earnings Beat: The adjusted EPS of $0.43 exceeded analyst estimates of $0.41 by 5.7%, showcasing the effectiveness of the company's strategies in enhancing auction returns and service innovations.
- International Market Performance: The international segment saw nearly 6% unit growth, particularly strong in the U.K., Germany, and Canada, with international service revenues growing almost 18%, highlighting the success of Copart's expanded global buyer network.
- Future Growth Strategy: Management anticipates a gradual recovery in claims activity and plans to deepen relationships with rental car companies and financial institutions to increase the share of noninsurance vehicle sales, thereby driving long-term growth.
See More
Copart Reports Revenue Growth Amid Challenges
- Revenue Growth: Copart's consolidated revenue reached $1.24 billion, reflecting a 2.1% year-over-year increase, primarily driven by robust service and vehicle sales, despite a 2.7% decline in global insurance unit sales.
- International Market Performance: International revenue surged by 14.1% to $234.2 million, with significant contributions from the UK, Germany, and Canada, highlighting the company's potential for global market expansion.
- Financial Flexibility: With liquidity of approximately $5.5 billion and no debt, Copart enjoys substantial financial flexibility, enabling continued investments in technology platforms and infrastructure to enhance service capabilities.
- Challenges and Responses: Facing rising fuel prices and transportation costs, Copart is managing these challenges by adjusting rates and optimizing its hybrid towing fleet, ensuring ongoing support for its business and clients.
See More
Copart Q3 2026 Earnings Call Highlights
- Revenue Growth: Copart's consolidated revenue reached $1.24 billion in Q3, up 2.1% year-over-year, demonstrating the company's ability to achieve revenue growth despite declines in insurance unit sales, reflecting its market resilience and successful business diversification.
- Insurance Unit Performance: While global insurance unit sales declined by 2.7%, the average selling price (ASP) for U.S. insurance units increased by 4.1% year-over-year, reaching an all-time high, indicating strong pricing power and market demand.
- International Market Expansion: Total units sold internationally grew by 5.9%, with insurance units up 4.6% and non-insurance units increasing by 11.2%, showcasing Copart's sustained growth momentum in global markets, particularly in key regions like Germany and the U.K.
- Share Repurchase Program: As of Q3, Copart has repurchased over 43.4 million shares for an aggregate amount exceeding $1.6 billion, reflecting the company's confidence in its value and enhancing shareholder returns through buybacks that boost earnings per share.
See More
Copart Q3 Earnings Exceed Expectations
- Earnings Beat: Copart reported Q3 GAAP EPS of $0.43, exceeding expectations by $0.02, demonstrating the company's robust profitability in the current market environment.
- Revenue Growth: The company achieved $1.24 billion in revenue for Q3, reflecting a 3.3% year-over-year increase and surpassing expectations by $40 million, indicating sustained growth in the used car auction market and solid market share.
- Positive Market Reaction: Following the strong earnings report, analysts upgraded Copart's rating, reflecting market confidence in its future growth potential, which further propelled the stock price upward.
- Attractive Valuation: Despite market volatility, Copart is viewed as a wide-moat compounder, with current valuation levels providing a compelling buying opportunity for investors, especially amid escalating tensions in the Middle East.
See More
Copart Reports Slight Decline in Q3 Profit Despite Revenue Growth
- Slight Profit Decline: Copart's Q3 net income fell to $402.4 million, or $0.43 per share, down from $406.6 million and $0.42 per share a year ago, indicating pressure on profitability despite revenue growth.
- Revenue Growth: The company reported a 2.1% increase in revenue to $1.24 billion, driven by higher service revenue and vehicle sales, suggesting that Copart maintains a certain growth momentum in market demand.
- Service Revenue Boost: The increase in service revenue was a key driver of overall revenue growth, reflecting Copart's effective strategies in enhancing customer service and optimizing operations, potentially laying the groundwork for sustained future growth.
- Stable Market Performance: Despite the challenges of declining profits, Copart's revenue growth indicates strong competitiveness in the online vehicle auction market, with prospects for improving profitability through further market expansion and service optimization.
See More
