Lower U.S. auction volumes and lost hurricane revenue outweigh pricing gains; pending ACV deal targets wholesale expansion.
- Revenue$4.7BYoY +0.4%
- Net income$1.5BYoY −4.4%
Agreement to buy ACV Auctions would expand Copart into dealer-to-dealer wholesale auctions and add dealer-focused data and technology.
New share buybacks totaled $1.63B in FY2026, shrinking diluted share counts as operating profit declined.
Wilson Sonsini senior partner David J. Berger joins the board; Copart expects to engage his firm for routine legal services.
UK CEO Jane Pocock promoted to President to extend the leadership of Copart’s strong UK and Ireland business globally.
Executive Chairman A. Jayson Adair will replace Jeffrey Liaw as CEO; Liaw leaves the Board and becomes a transition advisor
International auction growth and lower vehicle-sales costs offset declining U.S. vehicle volumes.
- Revenue$1.2BYoY +2.1%
- Net income$402.4MYoY −1.0%
Common stock buybacks reduced the share count, lifting Q3 diluted EPS despite lower attributable net income.
Helene and Milton comparisons and weaker vehicle-sales mix pressured U.S. auctions; currency gains masked softer international revenue.
- Revenue$1.1BYoY −3.6%
- Net income$350.7MYoY −9.5%
Proceeds from held-to-maturity securities lifted cash balances even as Copart bought back stock.
New unsecured revolver maturing in 2031 replaces the prior facility, supporting capex, acquisitions and potential share repurchases.
Coverage: 10-K, 10-Q and 8-K filings filed since Jan 1, 2026.
Company data: Wikidata Q16951448
