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Jan 31
Copart Q2 2026 Earnings Report
Copart reported a decrease in revenue, gross profit, net income, and diluted EPS for the second quarter of fiscal year 2026 compared to the same period last year.
Key Takeaways
Copart, Inc. reported a challenging second quarter for fiscal year 2026, with declines across key financial metrics. Revenue decreased by 3.6% to $1.1 billion, gross profit fell by 6.2% to $492.8 million, and net income attributable to Copart, Inc. dropped by 9.5% to $350.7 million. Diluted earnings per share also saw a 10.0% decrease, from $0.40 to $0.36.
Revenue for the three months ended January 31, 2026, was $1.1 billion, a 3.6% decrease from the prior year.
Gross profit for the quarter was $492.8 million, down 6.2% compared to the same period last year.
Net income attributable to Copart, Inc. decreased by 9.5% to $350.7 million for the quarter.
Diluted earnings per share for the quarter were $0.36, a 10.0% decrease from $0.40 in the previous year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The report does not contain specific forward-looking financial guidance. It includes a cautionary note about forward-looking statements, indicating that actual results could differ materially from projections due to various risks and uncertainties.
Positive Outlook
- The company continues to operate globally with over 250 locations in 11 countries.
- Copart's innovative technology and online auction platforms connect a large network of consignors and members.
- The company offers a comprehensive suite of vehicle remarketing services to a diverse client base.
- Copart sold more than 4 million units in the last year, demonstrating significant operational scale.
- The company maintains a strong market presence in key regions like the United States, Canada, and the United Kingdom.
Challenges Ahead
- The press release explicitly states that forward-looking statements are subject to substantial risks and uncertainties.
- Actual results could differ materially from projected or implied statements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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