Copart 8-K
NegativeEarnings
Proceeds from held-to-maturity securities lifted cash balances even as Copart bought back stock.
Filed 2026-02-19 16:16 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q2 FY2026 results. Q2 revenue, gross profit and net income attributable to Copart declined Y/Y; for H1, revenue fell while attributable net income edged up. The release gives no forward financial outlook.
Key Figures
| Metric | Q2 FY2026 | H1 FY2026 |
|---|---|---|
| Revenue | $1.12B, -3.6% Y/Y | $2.28B, -1.4% Y/Y |
| Gross margin | 43.9%, vs 45.2% | 45.2%, vs 44.9% |
| Operating income | $389M, -8.8% Y/Y | $819M, -1.6% Y/Y |
| Net income attributable to Copart, Inc. | $351M, -9.5% Y/Y | $754M, +0.7% Y/Y |
| Diluted EPS | $0.36, vs $0.40 | $0.77, vs $0.77 |
| Operating cash flow | — | $663M, +0.4% Y/Y |
- Cash, cash equivalents and restricted cash were $5.10B at 1/31/2026, vs $2.78B at 7/31/2025; H1 proceeds from held-to-maturity securities were $2.04B.
- H1 common-stock repurchases were $218M; diluted weighted-average shares were 976M, down 0.1% Y/Y.
Guidance
No guidance in this filing.
Investor Takeaways
- The 2/19/2026 conference call and webcast is the next opportunity to hear management discuss the quarter’s results.
The summary is written by an AI model reading the filing.
Model 005 · prompt 8bef31e277 · 2026-10-14 16:55:20Z