Copart 8-K
Earnings
Common stock buybacks reduced the share count, lifting Q3 diluted EPS despite lower attributable net income.
Filed 2026-05-21 16:16 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q3 FY2026 results. Revenue and gross profit grew Y/Y, while net income attributable to Copart declined; diluted EPS increased. Nine-month revenue was slightly lower Y/Y, with gross profit and attributable net income slightly higher.
Key Figures
| Metric | Q3 FY2026 | 9M FY2026 |
|---|---|---|
| Revenue | $1.24B, +2.1% Y/Y | $3.51B, -0.2% Y/Y |
| Gross profit | $573M, +3.7% Y/Y | $1.60B, +0.8% Y/Y |
| Operating income | $464M, +2.8% Y/Y | $1.28B, 0.0% lower Y/Y |
| Net income attributable to Copart, Inc. | $402M, -1.0% Y/Y | $1.16B, +0.1% Y/Y |
| Diluted EPS | $0.43, +2.4% Y/Y | $1.20, +1.7% Y/Y |
| Operating cash flow | — | $1.25B, -8.4% Y/Y |
- Cash, cash equivalents and restricted cash were $3.35B at 4/30/2026, vs $2.78B at 7/31/2025. Nine-month common stock repurchases were $1.63B; diluted weighted-average shares fell 3.6% Y/Y for Q3 and 1.3% for 9M.
Guidance
No guidance in this filing.
Investor Takeaways
- Copart scheduled a results conference call for 5/21/2026; a replay was to be available through September 2026.
The summary is written by an AI model reading the filing.
Model 005 · prompt 8bef31e277 · 2026-10-14 16:55:20Z