Form 8-K · Current Report · Filed 2026-05-21
Copart Reports Third Quarter Fiscal 2026 Financial Results
Copart, Inc. reported its financial results for the third quarter of fiscal year 2026, showing an increase in revenue and gross profit but a decrease in net income compared to the same period last year. For the quarter, revenue was $1.2 billion, up 2.1%, and gross profit was $572.6 million, up 3.7%. However, net income decreased by $4.2 million, or 1.0%, to $402.4 million. For the year-to-date period, revenue was $3.5 billion, down 0.2%, gross profit was $1.6 billion, up 0.8%, and net income was $1.2 billion, up 0.1%. The company also reported a slight increase in fully diluted earnings per share for both the quarter and the year-to-date period.
- Filer
- Copart Inc. CPRT · NASDAQ
- Filed
- Accession
- 0001193125-26-234447
- CIK
- 0000900075
- Signal
- Medium impactIndustrials
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$33.04
Next session
+2.3%
Since filing
-11.9%
Latest close
$29.12
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from CPRT reporting the same item, with the next session's move:
About Copart Inc.
Copart Inc. is a global leader in online vehicle auctions, providing a platform for buyers and sellers to auction and purchase vehicles of various types. The company's primary function is to facilitate the remarketing of vehicles including cars, trucks, SUVs, motorcycles, RVs, and more, often sourced from insurance companies, dealerships, and fleet operators. Copart's innovative model leverages technology to enhance the auction process, providing a fully digital marketplace accessible to a diverse range of participants worldwide. Notable features of Copart include its extensive inventory, real-time auction capabilities, and the availability of a mobile application that allows users to participate in auctions from anywhere. The company plays a significant role in the automotive and insurance industries, aiding in the efficient turnover of vehicles that are beyond repair, have been involved in accidents, or are simply surplus to requirements. With its extensive global footprint and integration of sophisticated data technology, Copart Inc. significantly impacts the vehicle remarketing and recycling sectors, providing a valuable service that helps streamline and modernize the auto auction industry.
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