Quarterly ResultMay 29, 2026, 06:02 AM
Copart Q3 Revenue $1.24B, Diluted EPS $0.43
AI Summary
Copart reported Q3 2026 total service revenues and vehicle sales of $1.24 billion, a 2.1% increase year-over-year, with diluted EPS rising to $0.43. Net income attributable to Copart, Inc. slightly decreased to $402.4 million. The company repurchased $1.63 billion of common stock and entered into a new $1.25 billion unsecured revolving credit facility. Additionally, Copart is cooperating with a DOJ investigation into potential money laundering violations.
Key Highlights
- Diluted EPS for Q3 2026 increased to $0.43 from $0.42 in Q3 2025.
- Total service revenues and vehicle sales for Q3 2026 rose 2.1% to $1.24 billion.
- Net income attributable to Copart, Inc. for Q3 2026 was $402.4 million, down from $406.6 million.
- Repurchased 43.4 million shares of common stock for $1.63 billion in the nine months ended April 30, 2026.
- Entered a new $1.25 billion unsecured revolving credit facility maturing January 23, 2031.
- US segment total revenues and vehicle sales for Q3 2026 were $1.00 billion.
- International segment total revenues and vehicle sales for Q3 2026 were $234.2 million.
- DOJ investigation ongoing regarding potential money laundering violations.
Price Impact
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