CPRT earnings analysis
What we found in CPRT's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Copart, Inc. reported strong Q3 fiscal 2026 results with revenues of $1.24 billion, exceeding estimates by $47 million, and EPS of $0.43, beating expectations of $0.41. Notably, the international segment performed well, contributing to overall growth despite a slight decline in U.S. service revenues. The company saw a significant increase in cash and operating cash flow, reflecting improved financial health and operational efficiency.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Beats Estimates
- Actual revenue was $1.24 billion, surpassing the estimate of $1.20 billion by $47 million.
- EPS Surpass Expectations
- Reported EPS of $0.43 exceeded estimates of $0.41, indicating strong profitability.
- International Segment Growth
- International service revenues rose by 17.9%, contributing an additional $24.4 million compared to last year.
- Increase in Cash Holdings
- Cash increased by $573.6 million to $3.35 billion compared to the previous period.
- Operating Cash Flow Stability
- Operating cash flows for the nine months ended April 30, 2026, totaled $1.25 billion, down only 8.4% from last year.
- Robust Stock Repurchase Program
- The company has repurchased 43 million shares this fiscal year at an average price of $37.63.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decline in U.S. Service Revenues
- U.S. service revenues declined by $(56.3 million) year-over-year, attributable to reduced vehicle volume.
- Pressure on Operating Margins
- Operating margin fell to 34.7%, down from 36.6% in the prior quarter, reflecting increased operational costs.
- Challenges in International Expansion
- Risks associated with integrating acquired international businesses could hamper growth.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.43
- Gross margin
- 45.0%
- Operating margin
- 34.7%
- Segment
- Domestic
- Segment
- International
What they said about what is next.
Management discussed potential for revenue growth driven by international services and improvement in operational efficiencies, but did not provide numeric guidance.
The filing reads better than the one before it.
What came before.
- 10-Q · March 3, 2026
- Copart reported a softer quarter: total revenue for the three months ended January 31, 2026 was $1,121,674 (in thousands), down versus $1,163,316 in the prior-year quarter, and diluted EPS fell to $0.36 from $0.40 a…
- 10-K · September 26, 2025
- Copart describes a growth strategy built on its proprietary VB3 online auction platform, geographic expansion and targeted facility openings; for fiscal 2025 the company reported revenues of $4.6 billion and operating…
- 10-Q · February 26, 2025
- Copart reported a strong quarter: total revenue of $1,163,316,000 and diluted EPS of $0.40 for the three months ended January 31, 2025, both above the prior-year quarter. Operating income rose to $426,211,000 (operating…
- 10-Q · May 23, 2024
- Copart reported a stronger quarter with total revenue of $1,127,259,000 (up $105,428,000 vs. prior-year quarter) and operating income of $437,203,000, supporting diluted EPS of $0.39 (vs. $0.36 prior-year). U.S. and…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing CPRT makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever