Copart 8-K
NegativeEarnings
New share buybacks totaled $1.63B in FY2026, shrinking diluted share counts as operating profit declined.
Filed 2026-09-10 16:16 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q4 and FY2026 results. Revenue grew modestly, while gross profit, operating income and net income attributable to Copart declined in both periods. The filing gives no financial outlook.
Key Figures
| Metric | Q4 2026 | FY2026 |
|---|---|---|
| Revenue | $1.15B, +2.4% Y/Y | $4.67B, +0.4% Y/Y |
| Gross profit | $481M, -5.5% Y/Y | $2.08B, -0.8% Y/Y |
| Operating income | $369M, -10.6% Y/Y | $1.65B, -2.6% Y/Y |
| Net income attributable to Copart, Inc. | $327M, -17.4% Y/Y | $1.48B, -4.4% Y/Y |
| Diluted EPS | $0.35, -14.6% Y/Y | $1.55, -2.5% Y/Y |
| Operating cash flow | — | $1.60B, -10.9% Y/Y |
- FY2026 share repurchases were $1.63B, versus none in FY2025. Diluted weighted-average shares fell 4.7% Y/Y in Q4 and 2.1% for FY2026.
- Cash, cash equivalents and restricted cash were $1.91B at 7/31/2026, down from $2.78B a year earlier; held-to-maturity securities were $2.58B, up from $2.01B.
Guidance
No guidance in this filing.
Investor Takeaways
- Copart’s results call was scheduled for 9/10/2026; the discussion of quarterly results is the next opportunity to hear management’s commentary.
The summary is written by an AI model reading the filing.
Model 005 · prompt 8bef31e277 · 2026-10-14 16:53:59Z