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, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Copart, Inc. ("Copart" or the "Company") (NASDAQ: CPRT).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Copart and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On June 29, 2026, Copart announced that Jeff Liaw would step down from his roles as Chief Executive Officer and member of Copart's board of directors, effective July 31, 2026. 

On this news, Copart's stock price fell $2.45 per share, or 8.02%, to close at $28.10 per share on June 29, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

NEW YORK, July 21, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Copart, Inc. (“Copart” or the “Company”) (NASDAQ: CPRT).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Copart and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On June 29, 2026, Copart announced that Jeff Liaw would step down from his roles as Chief Executive Officer and member of Copart’s board of directors, effective July 31, 2026. 

On this news, Copart’s stock price fell $2.45 per share, or 8.02%, to close at $28.10 per share on June 29, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

Posted by Defense World Staff on Jul 19th, 2026

Allspring Global Investments Holdings LLC increased its stake in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 4,135.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,809,924 shares of the business services provider’s stock after purchasing an additional 1,767,187 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.19% of Copart worth $59,764,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC acquired a new stake in shares of Copart in the fourth quarter valued at $25,000. Cache Advisors LLC acquired a new position in Copart during the 1st quarter worth about $31,000. Aventura Private Wealth LLC purchased a new position in Copart during the 4th quarter valued at about $33,000. Reflection Asset Management purchased a new position in Copart during the 4th quarter valued at about $34,000. Finally, Board of the Pension Protection Fund acquired a new position in Copart in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Performance CPRT opened at $27.61 on Friday. Copart, Inc. has a one year low of $27.23 and a one year high of $50.11. The company has a market cap of $25.56 billion, a P/E ratio of 17.15 and a beta of 1.02. The business’s 50-day simple moving average is $30.72 and its 200-day simple moving average is $34.48.

Copart (NASDAQ:CPRT – Get Free Report) last posted its earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Copart had a return on equity of 16.63% and a net margin of 33.48%.The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 earnings per share. As a group, analysts predict that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades Several analysts have recently issued reports on the stock. Weiss Ratings cut shares of Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Jefferies Financial Group set a $45.00 target price on shares of Copart in a research note on Friday, May 22nd. Freedom Capital upgraded shares of Copart to a “strong-buy” rating in a report on Friday, June 26th. Finally, Zacks Research raised shares of Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.50.

Get Our Latest Stock Analysis on CPRT

Copart Profile (Free Report)

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.

Featured Articles Five stocks we like better than Copart Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs? The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story Why Intuitive Surgical’s Strong Quarter Still Spooked Investors Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRT – Free Report).

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Copart, Inc. (CPRT - Free Report) closed the most recent trading day at $27.61, moving -2.4% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 1.01%. Elsewhere, the Dow saw a downswing of 0.77%, while the tech-heavy Nasdaq depreciated by 1.4%.

The stock of company has fallen by 6.42% in the past month, lagging the Business Services sector's gain of 3.48% and the S&P 500's gain of 0.32%.

Analysts and investors alike will be keeping a close eye on the performance of Copart, Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.39, marking a 4.88% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.14 billion, indicating a 1.23% increase compared to the same quarter of the previous year.

For the full year, the Zacks Consensus Estimates project earnings of $1.58 per share and a revenue of $4.63 billion, demonstrating changes of -0.63% and -0.37%, respectively, from the preceding year.

Investors should also take note of any recent adjustments to analyst estimates for Copart, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.13% downward. At present, Copart, Inc. boasts a Zacks Rank of #3 (Hold).

From a valuation perspective, Copart, Inc. is currently exchanging hands at a Forward P/E ratio of 17.88. This denotes a discount relative to the industry average Forward P/E of 27.91.

The Auction and Valuation Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 232, this industry ranks in the bottom 6% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

NEW YORK, July 14, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Copart, Inc. (“Copart” or the “Company”) (NASDAQ: CPRT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Copart and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On June 29, 2026, Copart announced that Jeff Liaw would step down from his roles as Chief Executive Officer and member of Copart’s board of directors, effective July 31, 2026. 

On this news, Copart’s stock price fell $2.45 per share, or 8.02%, to close at $28.10 per share on June 29, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

I've noticed that as the market turns its attention to stocks tied to artificial intelligence (AI), semiconductors, data centers, quantum computing, and space, many magnificent S&P 500 stocks have been cast aside. While there is certainly immense potential in these booming industries, I believe this outsize attention has left opportunities in the more "boring is beautiful" sectors, like industrials.

Today, I will look at three forgotten industrial stocks that not only lead their niches, but also trade at once-in-a-decade valuations, making them intriguing buy-now candidates.

1. Copart: 42% below 52-week high Copart (CPRT 0.69%) is the leading online auction platform for totaled vehicles and owns 250 salvage yards across North America and 11 countries in total. The typical transaction involves auto insurers selling (usually) totaled vehicles at auction to dismantlers, exporters, recyclers, and many other customers -- including the public.

It may sound like a fairly unassuming business, but Copart stock has been a 185-bagger since 1994, highlighting the durability of its operations.

The company's salvage yards benefit from "not-in-my-backyard" sentiment, meaning that communities generally put up a lot of resistance toward welcoming a new junkyard in town. This NIMBY-ism helps lock in Copart's status as the industry leader and provides Copart with a wide moat.

However, the company has struggled to lap catastrophe-aided, strong sales years in 2024 and 2025 , and Copart stock has been hammered. As two years of unusually strong hurricanes hit the U.S., Copart benefited from an outsize number of cars being totaled in the storms, but this set a higher than realistic benchmark for the stock to lap sales-wise.

Further aiding this drop was a recent leadership change that saw Jay Adair return to the CEO role, which was a move that caught the market by surprise.

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Over time, this leadership change and short-term slowdown should normalize, and the long-term drivers of Copart's business will propel the stock to an eventual rebound. The stronger driver working in the company's favor is soaring total-loss rates from insurers, stemming from the increasingly complex technology being used in cars, which makes them more expensive to repair.

While the company faces the threat of an "existential crisis" from reduced crashes from autonomous vehicles (AVs), I think this threat is overdone at today's valuation. Even if car crashes were greatly reduced, Copart would likely play a large role in AVs' end-of-life process and the parts recycling that would follow. Not even AVs run forever.

Currently trading at 21 times free cash flow (FCF) -- its lowest mark since 2017 -- Copart looks like a great long-term, buy-and-hold investment to consider right now.

Image source: The Motley Fool.

2. Rollins: 35% below 52-week high Rollins (ROL 1.35%) is North America's leading pest control services business and is a 106-bagger since 1990. Thanks to its non-discretionary offerings, industry-leading scale, robust pricing power, and successful track record as a serial acquirer in a highly fragmented niche, Rollins has long commanded a premium valuation alongside its market-smashing returns.

However, following a Federal Trade Commission ruling, Rollins won't be allowed to impose non-compete agreements on its technicians, which the FTC argued "locked" the employees in place. The market has apparently viewed the update as bad news for Rollins, which has dropped 35% over the past year, thanks in part to this ruling.

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Now, maybe I'm overly optimistic, but I don't believe this is a death knell for the company by any means. Now, Rollins has the opportunity to build its relationship with its technicians from the ground up. Yes, there will be some short-term departures that weigh on the company, but Rollins' immense scale should help it weather the storm until everything normalizes.

Furthermore, the company benefits from virtually inelastic pricing power thanks to its essential offerings. Restaurants simply can't have any infestations. Homeowners must deal with termites. The list goes on. Similarly, whether it costs $500 or $550 for a theoretical pest problem, customers aren't likely to balk at the price, as long as it isn't completely outrageous. Whatever concessions Rollins has to make with its technicians, it should eventually be able to recoup them through its pricing power.

Currently trading at 33 times FCF, Rollins is the cheapest it has been since 2015, and looks like an excellent contrarian investment in my opinion, as it rebounds from the impacts of the FTC's recent ruling over the longer haul.

3. Otis: 29% below 52-week high Otis Worldwide (OTIS +1.04%) is the largest elevator manufacturer, installer, and repair and maintenance company in the world. Even after the company's 29% decline over the last year, Otis has delivered annualized total returns of 9% since its market debut in 2020.

At the moment, Otis is battling through a slowdown in elevator installations in China and temporary issues weighing on its all-important service and maintenance margins, which prompted its recent decline. That said, management believes margins should return to their previous levels by the end of the year, so the ongoing sell-off may be overdone.

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Furthermore, while more elevator installations are almost always a good thing for Otis, they aren't really the company's bread and butter. The company's service segment accounts for two-thirds of Otis' sales and 94% of its operating profits and isn't likely to be disrupted, as elevators require recurring, mandatory maintenance and repairs. Since elevator servicing is required by law, Otis is well positioned to deliver utility-like returns for decades to come, while also offering upside from modernizing outdated equipment.

Trading at 19 times earnings and 17 times FCF -- the company's lowest mark since it debuted in 2020 -- Otis is very reasonably priced considering that its sales should continue to steadily outpace inflation over the long haul. While it may not be a multibagger anytime soon, Otis offers a well-funded 2.4% dividend yield and makes for an excellent buy-and-hold stock for decades of investment.

3 Stocks With Monopoly Power—and Minimal CompetitionCopart NASDAQ: CPRT Executive Chairman and incoming Chief Executive Officer Jay Adair told investors the company is preparing to accelerate growth initiatives as he returns to the CEO role, emphasizing that the leadership change is not temporary and that the salvage vehicle auction company remains focused on long-term expansion.

Speaking on a conference call held between earnings releases, which Adair said was the first such call in Copart’s more than three decades as a public company, he said his return was decided jointly with outgoing CEO Jeff, whom he described as a “dear friend.”

Get Copart alerts:

3 Oversold Stocks Flashing Bullish Reversal Signals“My intent is to lead the company for the next 10+ years,” Adair said. “This is not an interim arrangement.”

Adair, who said he joined Copart 37 years ago in 1989, used the call to outline the company’s history in online auctions and international expansion, as well as its current priorities. He said Copart’s strategy rests on three growth pillars: international insurance expansion, domestic whole-car expansion and technology services for customers.

Copart Points to Three Growth Pillars These 2 Auto Stocks Are Profiting as Used Cars and Parts ThriveAdair said Copart is “going to focus and double down” on initiatives tied to its three core growth areas. He said the company plans to speed up some of those efforts, which will require building a “more robust team,” including promotions and outside hiring.

When asked how long it would take to reinvigorate the growth engine, Adair said the timeline would be measured in quarters rather than years.

He also said mergers and acquisitions will be part of the strategy across all three pillars, alongside internal investment. Asked about build versus buy, Adair said, “We’re going to do both.”

Adair said Copart would remain disciplined in M&A and focus on opportunities within its industry. “We’re not going to go out and buy something that has nothing to do with our industry,” he said. He added that the company could take on debt for the right deal, despite its historically conservative balance sheet approach.

International Expansion Expected to Accelerate Adair said Copart plans to “fire” its international growth engine “back up again,” after previously slowing expansion while working through different operating models, including in Germany. He said the company is now profitable in Germany and understands how to grow in that market.

Copart reported that international unit volumes grew 5.9% and international revenue grew 14.1% year over year in the third quarter of fiscal 2026, with contributions from both insurance and non-insurance channels, according to Adair.

He said the company’s buyer network spans more than 160 countries and remains a key driver of auction returns. Adair highlighted international buyers, crossover buyers and finance buyers as critical contributors to U.S. insurance average selling prices, which he said reached an all-time high in the most recent quarter and rose approximately 4.1% year over year.

Management Sees Insurance Pressures as Cyclical Adair addressed what he described as cyclical headwinds in the U.S. insurance market, saying the company is seeing the impact of an “unprecedented dislocation” across the industry. He said inflation from 2022 to 2024 pushed carrier combined ratios out of balance, leading to rate increases and prompting some consumers to reduce coverage through higher deductibles or liability-only policies.

However, Adair said he believes those pressures are beginning to soften and that insurers are becoming more aggressive again. “We believe the consumer retrenchment is cyclical, not structural,” he said.

Adair also reiterated that total loss frequency reached approximately 23.6% in the most recent period, up nearly five percentage points over the past four years. He said higher repair costs and strong auction returns make total loss decisions more attractive to carriers. He noted that total loss frequency was about 8% when he began at Copart.

Balance Sheet and Capital Allocation Adair said Copart had nearly $4.2 billion in cash as of the third quarter of fiscal 2026, after deploying $1.6 billion into share repurchases. He said the company has “no debt on the balance sheet to speak of” and has the liquidity to evaluate strategic options.

Asked about recent land purchases, Adair said Copart has built an “amazing network” of locations and acreage. He said land buying and development, which he described as roughly half a billion dollars a year over the last decade, is “definitely going to slow down,” though some development and add-ons remain.

AI, Whole Cars and Purple Wave Adair said artificial intelligence is becoming a near-term focus, saying Copart thinks about AI “in quarters, not years.” He said the company has a head of AI and has guided employees on preferred tools. He described efficiencies as the obvious use case and said strategic applications are also being evaluated, though he declined to provide details.

On domestic whole-car growth, Adair said the business has historically been a growth engine and that he wants to see it “increase dramatically.” He said Copart is considering restructuring and other strategic moves, with a goal for the business to look “very different” in three to four quarters.

Chief Financial Officer Leah Stearns also addressed Purple Wave, saying its expansion strategy is focused primarily on building out a territory sales force to serve enterprise accounts. She said Purple Wave is domestically focused and is expanding from its Central Time Zone base toward coastal markets, initially targeting areas with the highest gross merchandise potential, with that roadmap expected to continue through 2027.

Adair closed the call by saying Copart remains customer-focused and will continue to emphasize auction liquidity. He said he expects to provide more detail when the company reports its quarter and fiscal year results in the coming months.

About Copart NASDAQ: CPRTCopart NASDAQ: CPRT is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart's business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Copart Right Now?Before you consider Copart, you'll want to hear this.

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DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) today announced that Jane Pocock has been promoted to President of Copart, effective August 1, 2026.

Ms. Pocock joined Copart in January 2019 as Managing Director of Copart UK and has led one of the Company’s key international businesses through a period of significant growth and expansion. Under her leadership, Copart UK and Ireland has strengthened its operational footprint, expanded capacity, and delivered exceptional customer journeys for insurance carriers and their policyholders, commercial sellers, and Copart members. In her new role, Ms. Pocock brings proven experience pairing operational execution with technology-enabled products and services that help customers achieve better outcomes, while continuing to support the strong teams and customer relationships that have driven Copart’s success in the UK and Ireland.

Ms. Pocock has paired significant growth with thoughtful, people-oriented leadership. She has helped differentiate Copart’s customer experience through technology, service quality, and strong team execution. Her promotion reflects the Company’s confidence in the UK and Ireland business and its leadership team, as well as the opportunity to extend those strengths across Copart’s global platform. Prior to joining Copart, Ms. Pocock was Chief Executive of Vans Direct.

“Jane has delivered outstanding results while building strong teams and strengthening our culture,” said Jay Adair, Executive Chairman and incoming Chief Executive Officer of Copart. “For our insurance customers and their policyholders, commercial sellers, and members, Jane brings immediate experience leading customer-focused growth at scale. Her promotion reflects both the strength of our UK and Ireland business and the opportunity to extend that proven leadership across Copart globally. We look forward to her contributions as President of Copart.”

“I am honored to serve as President of Copart,” said Ms. Pocock. “Copart’s success has always been driven by its people, its technology, and its relentless commitment to customers and members. I am proud of what our UK and Ireland teammates have accomplished, and I look forward to continuing to support that momentum while working with our teams around the world to grow, strengthen our differentiated products and services, and deliver exceptional customer experiences globally.”

About Copart

Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart’s innovative technology and online auction platforms connect vehicle consignors to approximately 1 million members in over 185 countries. Copart offers a comprehensive suite of vehicle remarketing services to insurance companies, financial institutions, dealers, rental car companies, charities, fleet operators, and individuals, and offers vehicles via auction to dealers, dismantlers, rebuilders, exporters, and the general public. With operations at over 250 locations in 11 countries, Copart sold more than 4 million units in the last year. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), Brazil (Copart.com.br), the Republic of Ireland (Copart.ie), Germany (Copart.de), Finland (Copart.fi), the United Arab Emirates, Oman and Bahrain (Copartmea.com), and Spain (Copart.es). For more information, or to become a Member, visit Copart.com/register.

Cautionary Note About Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements are subject to substantial risks and uncertainties. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected or implied by our statements and comments. For a more complete discussion of the risks that could affect our business, please review the “Management’s Discussion and Analysis” and the other risks identified in Copart’s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. We encourage investors to review these disclosures carefully. We do not undertake to update any forward-looking statement that may be made from time to time on our behalf.

More News From Copart, Inc.

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Copart, Inc. (CPRT) Discusses Leadership Transition and Strategic Vision from Incoming CEO Transcript

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of CPRT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) announced today that it will host an investor conference call featuring incoming Chief Executive Officer, Jay Adair, on Monday, July 6, 2026 at 9:00 a.m. Eastern Time (8:00 a.m. Central Time).

The conference call will provide investors with an opportunity to hear directly from Mr. Adair regarding his appointment, leadership priorities, and perspective on Copart’s long-term strategy. Following prepared remarks, Mr. Adair will participate in a live question-and-answer session.

The call will be webcast live and available for access by clicking "Listen Here" at www.copart.com/investorrelations. A replay of the call will be available through October 2026 at www.copart.com/investorrelations.

About Copart

Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart’s innovative technology and online auction platforms connect vehicle consignors to approximately 1 million members in over 185 countries. Copart offers a comprehensive suite of vehicle remarketing services to insurance companies, financial institutions, dealers, rental car companies, charities, fleet operators, and individuals, and offers vehicles via auction to dealers, dismantlers, rebuilders, exporters, and the general public. With operations at over 250 locations in 11 countries, Copart sold more than 4 million units in the last year. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), Brazil (Copart.com.br), the Republic of Ireland (Copart.ie), Germany (Copart.de), Finland (Copart.fi), the United Arab Emirates, Oman and Bahrain (Copartmea.com), and Spain (Copart.es). For more information, or to become a Member, visit Copart.com/register.

Cautionary Note About Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements are subject to substantial risks and uncertainties. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected or implied by our statements and comments. For a more complete discussion of the risks that could affect our business, please review the “Management’s Discussion and Analysis” and the other risks identified in Copart’s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. We encourage investors to review these disclosures carefully. We do not undertake to update any forward-looking statement that may be made from time to time on our behalf.

More News From Copart, Inc.

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DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) today announced that Jeff Liaw will step down as Chief Executive Officer and director, effective July 31, 2026. The Board has appointed Executive Chairman Jay Adair — who previously led Copart as CEO — to resume the role of Chief Executive Officer effective July 31, 2026. Mr. Liaw will support the transition as Special Advisor to Mr. Adair.

“Jeff has provided Copart with extraordinary leadership over the past decade — first as CFO, then President, and finally as our third-ever CEO,” said Mr. Adair. “Under his stewardship the Company achieved all-time high transaction values, average selling prices, and auction liquidity. As a result, we are the trusted platform for insurance and commercial consignors all over the world. On behalf of everyone at Copart, I thank Jeff and wish him well.”

Liaw said, "Leading Copart has been the privilege of a professional lifetime. I'm grateful to the Company for affording me the opportunity, for the customers who have entrusted us with their business, and for my teammates all over the world whose tireless efforts enable us to serve our customers and members so well. I wish Copart and Jay the very best in the next chapter ahead and look forward to contributing to the Company's future success."

About Copart

Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart’s innovative technology and online auction platforms connect vehicle consignors to approximately 1 million members in over 185 countries. Copart offers a comprehensive suite of vehicle remarketing services to insurance companies, financial institutions, dealers, rental car companies, charities, fleet operators, and individuals, and offers vehicles via auction to dealers, dismantlers, rebuilders, exporters, and the general public. With operations at over 250 locations in 11 countries, Copart sold more than 4 million units in the last year. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), Brazil (Copart.com.br), the Republic of Ireland (Copart.ie), Germany (Copart.de), Finland (Copart.fi), the United Arab Emirates, Oman and Bahrain (Copartmea.com), and Spain (Copart.es). For more information, or to become a Member, visit Copart.com/register.

Cautionary Note About Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements are subject to substantial risks and uncertainties. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected or implied by our statements and comments. For a more complete discussion of the risks that could affect our business, please review the “Management’s Discussion and Analysis” and the other risks identified in Copart’s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. We encourage investors to review these disclosures carefully. We do not undertake to update any forward-looking statement that may be made from time to time on our behalf.

More News From Copart, Inc.

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After reaching an all-time high of $64.38 per share in November 2024, Copart is currently caught in a ~50% drawdown. This is one of the largest pullbacks since the company's initial public offering in March 1994 and of similar size to what happened following the 2008 global financial crisis. Over the long term, I expect total loss frequency to continue its inexorable rise and to eventually surpass 30%, an incredible change versus the 4% recorded in the early 1980s.

Posted by Defense World Staff on Apr 16th, 2026

Assetmark Inc. raised its stake in Copart, Inc. (NASDAQ:CPRT – Free Report) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 507,255 shares of the business services provider’s stock after buying an additional 34,410 shares during the quarter. Assetmark Inc. owned approximately 0.05% of Copart worth $19,859,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CPRT. AQR Capital Management LLC lifted its stake in shares of Copart by 298.2% in the 3rd quarter. AQR Capital Management LLC now owns 4,887,359 shares of the business services provider’s stock valued at $217,243,000 after purchasing an additional 3,660,031 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Copart by 2,266.7% in the 3rd quarter. Van ECK Associates Corp now owns 3,689,003 shares of the business services provider’s stock valued at $165,895,000 after purchasing an additional 3,533,133 shares during the last quarter. Akre Capital Management LLC lifted its stake in shares of Copart by 253.1% in the 3rd quarter. Akre Capital Management LLC now owns 4,236,760 shares of the business services provider’s stock valued at $190,527,000 after purchasing an additional 3,036,760 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Copart by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 108,990,652 shares of the business services provider’s stock valued at $4,901,310,000 after purchasing an additional 2,581,784 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in Copart by 395.6% during the 3rd quarter. Marshall Wace LLP now owns 2,499,370 shares of the business services provider’s stock worth $112,397,000 after acquiring an additional 1,995,074 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Price Performance CPRT stock opened at $33.36 on Thursday. The firm has a market capitalization of $32.14 billion, a P/E ratio of 20.85 and a beta of 1.14. The business’s 50-day moving average is $35.45 and its two-hundred day moving average is $39.13. Copart, Inc. has a 1 year low of $32.20 and a 1 year high of $63.85.

Copart (NASDAQ:CPRT – Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.15 billion. Copart had a net margin of 33.76% and a return on equity of 16.68%. Copart’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS. On average, analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes CPRT has been the topic of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Copart in a research note on Monday, March 23rd. Zacks Research lowered Copart from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. decreased their target price on Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Robert W. Baird set a $48.00 target price on Copart and gave the stock an “outperform” rating in a research note on Friday, February 20th. Finally, Barclays reissued an “underweight” rating and set a $32.00 target price (down from $33.00) on shares of Copart in a research note on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $44.40.

View Our Latest Stock Analysis on Copart

About Copart (Free Report)

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.

See Also Five stocks we like better than Copart Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRT – Free Report).

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Posted by Defense World Staff on Apr 19th, 2026

Copart, Inc. (NASDAQ:CPRT – Get Free Report) CEO Jeffrey Liaw sold 26,213 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total transaction of $869,747.34. Following the transaction, the chief executive officer owned 79,532 shares of the company’s stock, valued at $2,638,871.76. This trade represents a 24.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Copart Stock Performance Shares of NASDAQ:CPRT opened at $33.45 on Friday. The company has a fifty day moving average of $35.18 and a 200-day moving average of $38.97. The company has a market capitalization of $32.22 billion, a PE ratio of 20.91 and a beta of 1.14. Copart, Inc. has a 52-week low of $32.20 and a 52-week high of $63.85.

Copart (NASDAQ:CPRT – Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The business services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.15 billion. Copart had a return on equity of 16.68% and a net margin of 33.76%.Copart’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS. On average, equities analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Copart A number of hedge funds have recently bought and sold shares of CPRT. Norges Bank bought a new position in Copart during the fourth quarter worth $569,569,000. Capital World Investors grew its stake in Copart by 25.1% during the fourth quarter. Capital World Investors now owns 27,728,398 shares of the business services provider’s stock worth $1,085,588,000 after purchasing an additional 5,555,101 shares during the period. Capital International Investors acquired a new stake in Copart during the fourth quarter worth approximately $195,637,000. Deutsche Bank AG grew its stake in Copart by 94.0% during the fourth quarter. Deutsche Bank AG now owns 9,955,661 shares of the business services provider’s stock worth $389,764,000 after purchasing an additional 4,823,111 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Copart by 21.7% during the fourth quarter. Bank of New York Mellon Corp now owns 21,982,589 shares of the business services provider’s stock worth $860,618,000 after purchasing an additional 3,918,610 shares during the period. Institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets A number of equities analysts have recently commented on the stock. Robert W. Baird set a $48.00 price target on shares of Copart and gave the stock an “outperform” rating in a report on Friday, February 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Copart in a report on Monday, March 23rd. Zacks Research lowered shares of Copart from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. cut their price target on shares of Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Finally, Barclays reiterated an “underweight” rating and set a $32.00 price target (down from $33.00) on shares of Copart in a report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $44.40.

Check Out Our Latest Stock Analysis on Copart

Copart Company Profile (Get Free Report)

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.

See Also Five stocks we like better than Copart Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.

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Copart, Inc. (CPRT - Free Report) closed the most recent trading day at $33.07, moving -2.39% from the previous trading session. This move lagged the S&P 500's daily gain of 0.8%. Elsewhere, the Dow lost 0.16%, while the tech-heavy Nasdaq added 1.63%.

The company's shares have seen an increase of 2.57% over the last month, surpassing the Business Services sector's gain of 1.33% and falling behind the S&P 500's gain of 8.11%.

The investment community will be closely monitoring the performance of Copart, Inc. in its forthcoming earnings report. In that report, analysts expect Copart, Inc. to post earnings of $0.42 per share. This would mark no growth from the year-ago period. Our most recent consensus estimate is calling for quarterly revenue of $1.23 billion, up 1.6% from the year-ago period.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.58 per share and revenue of $4.65 billion, indicating changes of -0.63% and -0.03%, respectively, compared to the previous year.

Investors should also pay attention to any latest changes in analyst estimates for Copart, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Copart, Inc. is holding a Zacks Rank of #4 (Sell) right now.

In the context of valuation, Copart, Inc. is at present trading with a Forward P/E ratio of 21.39. This valuation marks a discount compared to its industry average Forward P/E of 24.27.

The Auction and Valuation Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 197, this industry ranks in the bottom 20% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

Copart, Inc. has declined nearly 50% but retains strong fundamentals and structural growth drivers, warranting a buy rating and a $39.25 price target. Rising total loss frequency, driven by EV complexity and ADAS, expands CPRT's addressable market and underpins a long-term growth thesis. CPRT's dual moat—physical yard ownership and the VB3 auction platform—creates high barriers to entry and supports durable margins.

-

DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) announced today that it will release earnings for the third quarter of fiscal 2026 after 4:00 p.m. Eastern Time (3:00 p.m. Central) on Thursday, May 21, 2026.

On Thursday, May 21, 2026, at 5:30 p.m. Eastern Time (4:30 p.m. Central), Copart will conduct a conference call to discuss the results for the quarter. The call will be webcast live and available for access by clicking “Listen Here” at www.copart.com/investorrelations. A replay of the call will be available through August 2026 at www.copart.com/investorrelations.

About Copart

Founded in 1982, Copart is a global leader in online vehicle auctions. Copart's innovative technology and online auction platforms connect vehicle consigners to approximately 1 million members in over 185 countries. Copart offers a comprehensive suite of vehicle remarketing services to insurance companies, financial institutions, dealers, rental car companies, charities, fleet operators, and individuals, and offers vehicles via auction to dealers, dismantlers, rebuilders, exporters, and the general public. With operations at over 250 locations in 11 countries, Copart sold more than 4 million units in the last year. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), Brazil (Copart.com.br), the Republic of Ireland (Copart.ie), Germany (Copart.de), Finland (Copart.fi), the United Arab Emirates, Oman, and Bahrain (Copartmea.com), and Spain (Copart.es). For more information, or to become a Member, visit Copart.com/Register.

More News From Copart, Inc.

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-

DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended April 30, 2026.

For the three months ended April 30, 2026, revenue, gross profit, and net income attributable to Copart, Inc. were $1.2 billion, $572.6 million, and $402.4 million, respectively. These represent an increase in revenue of $25.4 million, or 2.1%; an increase in gross profit of $20.3 million, or 3.7%; and a decrease in net income attributable to Copart, Inc. of $(4.2) million, or (1.0)%, respectively, from the same period last year. Fully diluted earnings per share for three months ended April 30, 2026 was $0.43 compared to $0.42 last year, an increase of 2.4%.

For the nine months ended April 30, 2026, revenue, gross profit, and net income attributable to Copart, Inc. were $3.5 billion, $1.6 billion, and $1.2 billion, respectively. These represent a decrease in revenue of $(8.1) million, or (0.2)%; an increase in gross profit of $12.5 million, or 0.8%; and an increase in net income attributable to Copart, Inc. of $0.8 million, or 0.1 %, respectively, from the same period last year. Fully diluted earnings per share for nine months ended April 30, 2026 was $1.20 compared to $1.18 last year, an increase of 1.7 %.

On Thursday, May 21, 2026, at 5:30 p.m. Eastern Time (4:30 p.m. Central Time), Copart will conduct a conference call to discuss the results for the quarter. The call will be webcast live and can be accessed via hyperlink at www.copart.com/investorrelations. A replay of the call will be available through September 2026 by visiting www.copart.com/investorrelations.

About Copart

Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart’s innovative technology and online auction platforms connect vehicle consignors to approximately 1 million members in over 185 countries. Copart offers a comprehensive suite of vehicle remarketing services to insurance companies, financial institutions, dealers, rental car companies, charities, fleet operators, and individuals, and offers vehicles via auction to dealers, dismantlers, rebuilders, exporters, and the general public. With operations at over 250 locations in 11 countries, Copart sold more than 4 million units in the last year. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), Brazil (Copart.com.br), the Republic of Ireland (Copart.ie), Germany (Copart.de), Finland (Copart.fi), the United Arab Emirates, Oman and Bahrain (Copartmea.com), and Spain (Copart.es). For more information, or to become a Member, visit Copart.com/register.

Cautionary Note About Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements are subject to substantial risks and uncertainties. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected or implied by our statements and comments. For a more complete discussion of the risks that could affect our business, please review the “Management’s Discussion and Analysis” and the other risks identified in Copart’s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. We encourage investors to review these disclosures carefully. We do not undertake to update any forward-looking statement that may be made from time to time on our behalf.

Copart, Inc.

Consolidated Statements of Income

(In thousands, except per share amounts)

(Unaudited)

  Three Months Ended
April 30,

Nine Months Ended
April 30,

2026

2025

% Change

2026

2025

% Change

Service revenues and vehicle sales:

Service revenues

$

1,056,080

$

1,034,836

2.1

%

$

2,999,976

$

3,012,453

(0.4

)%

Vehicle sales

180,986

176,880

2.3

%

513,794

509,408

0.9

%

Total service revenues and vehicle sales

1,237,066

1,211,716

2.1

%

3,513,770

3,521,861

(0.2

)%

Operating expenses:

Facility operations

450,317

439,417

2.5

%

1,305,002

1,325,936

(1.6

)%

Cost of vehicle sales

160,277

169,714

(5.6

)%

452,252

455,599

(0.7

)%

Facility depreciation and amortization

51,993

48,163

8.0

%

147,910

144,603

2.3

%

Facility stock-based compensation

1,880

2,155

(12.8

)%

6,197

5,798

6.9

%

Gross profit

572,599

552,267

3.7

%

1,602,409

1,589,925

0.8

%

General and administrative

93,744

87,451

7.2

%

275,405

265,056

3.9

%

General and administrative depreciation and amortization

6,990

6,253

11.8

%

20,502

17,639

16.2

%

General and administrative stock-based compensation

7,583

7,018

8.1

%

22,816

23,107

(1.3

)%

Total operating expenses

772,784

760,171

1.7

%

2,230,084

2,237,738

(0.3

)%

Operating income

464,282

451,545

2.8

%

1,283,686

1,284,123

(0.0

)%

Other income (expense):

Interest income, net

38,813

42,776

(9.3

)%

142,305

129,070

10.3

%

Other (expense) income, net

(1,001

)

8,483

(111.8

)%

4,275

3,980

7.4

%

Total other income

37,812

51,259

(26.2

)%

146,580

133,050

10.2

%

Income before income taxes

502,094

502,804

(0.1

)%

1,430,266

1,417,173

0.9

%

Income tax expense

100,701

97,466

3.3

%

276,696

264,118

4.8

%

Net income

401,393

405,338

(1.0

)%

1,153,570

1,153,055

0.0

%

Less: Net loss attributable to noncontrolling interest

(1,008

)

(1,271

)

(20.7

)%

(3,277

)

(3,040

)

7.8

%

Net income attributable to Copart, Inc.

$

402,401

$

406,609

(1.0

)%

$

1,156,847

$

1,156,095

0.1

%

Basic net income per common share

$

0.43

$

0.42

2.4

%

$

1.21

$

1.20

0.8

%

Weighted average common shares outstanding

936,293

966,234

(3.1

)%

957,280

964,702

(0.8

)%

Diluted net income per common share

$

0.43

$

0.42

2.4

%

$

1.20

$

1.18

1.7

%

Diluted weighted average common shares outstanding

942,770

978,089

(3.6

)%

965,215

977,485

(1.3

)%

Copart, Inc.

Consolidated Balance Sheets

(In thousands)

(Unaudited)

  April 30, 2026

July 31, 2025

ASSETS

Current assets:

Cash, cash equivalents, and restricted cash

$

3,354,142

$

2,780,531

Investment in held to maturity securities

845,570

2,008,539

Accounts receivable, net of allowance for credit losses of $14,636 and $12,945, respectively

794,472

762,811

Vehicle pooling costs

117,979

116,145

Inventories

49,632

39,661

Income taxes receivable

721

580

Prepaid expenses and other assets

54,157

46,361

Total current assets

5,216,673

5,754,628

Property and equipment, net

3,715,922

3,598,093

Operating lease right-of-use assets

88,066

99,708

Intangibles, net

53,943

62,832

Goodwill

522,703

517,779

Other assets

51,729

57,862

Total assets

$

9,649,036

$

10,090,902

LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS’ EQUITY

Current liabilities:

Accounts payable and accrued liabilities

$

598,290

$

591,831

Deferred revenue

33,494

30,440

Income taxes payable

37,650

41,141

Current portion of operating and finance lease liabilities

15,825

19,869

Total current liabilities

685,259

683,281

Deferred income taxes

89,733

80,625

Income taxes payable

5,308

35,635

Operating and finance lease liabilities, net of current portion

77,291

83,870

Total liabilities

857,591

883,411

Commitments and contingencies

Redeemable non controlling interest

17,181

20,458

Stockholders’ equity:

Preferred stock

-

-

Common stock

93

97

Additional paid-in capital

1,207,201

1,214,150

Accumulated other comprehensive loss

(87,207

)

(120,283

)

Retained earnings

7,654,177

8,093,069

Total stockholders’ equity

8,774,264

9,187,033

Total liabilities, redeemable noncontrolling interests and stockholders’ equity

$

9,649,036

$

10,090,902

Copart, Inc.

Consolidated Statements of Cash Flows

(Unaudited)

  Nine Months Ended April 30,

(In thousands)

2026

2025

Cash flows from operating activities:

Net income

$

1,153,570

$

1,153,055

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization, including debt cost

168,799

163,642

Allowance for credit losses

1,634

153

Equity in (earnings) losses of unconsolidated affiliates

(390

)

(135

)

Stock-based compensation

29,013

28,905

Loss (gain) on sale of property and equipment

1,665

(1,041

)

Deferred income taxes

8,274

67

Changes in operating assets and liabilities:

Accounts receivable

(57,293

)

(1,916

)

Vehicle pooling costs

(1,182

)

14,944

Inventories

(9,442

)

(180

)

Prepaid expenses, other current and non-current assets

(11,519

)

(935

)

Operating lease right-of-use assets and lease liabilities

853

915

Accounts payable and accrued liabilities

(5,479

)

56,060

Deferred revenue

2,839

1,961

Income taxes receivable

(128

)

1

Income taxes payable

(34,263

)

(54,222

)

Net cash provided by operating activities

1,246,951

1,361,274

Cash flows from investing activities:

Purchases of property and equipment

(258,553

)

(481,349

)

Assets and liabilities acquired in connection with acquisition

(4,747

)

(1,213

)

Proceeds from sale of property and equipment

11,077

4,533

Purchases of held to maturity securities

(845,570

)

(2,017,843

)

Proceeds from held to maturity securities

2,035,000

1,940,000

Investment in unconsolidated affiliate

(3,737

)

(3,177

)

Net cash provided by (used in) investing activities

933,470

(559,049

)

Cash flows from financing activities:

Proceeds from the exercise of stock options

14,162

40,171

Proceeds from the issuance of Employee Stock Purchase Plan shares

7,460

7,404

Repurchases of common stock

(1,632,537

)

-

Payments for employee stock-based tax withholdings

(2,762

)

(3,358

)

Debt issuance costs

(1,534

)

-

Payments of finance lease obligations

(11

)

(44

)

Net cash (used in) provided by financing activities

(1,615,222

)

44,173

Effect of foreign currency translation

8,412

5,990

Net increase in cash, cash equivalents, and restricted cash

573,611

852,388

Cash, cash equivalents, and restricted cash at beginning of period

2,780,531

1,514,111

Cash, cash equivalents, and restricted cash at end of period

$

3,354,142

$

2,366,499

Supplemental disclosure of cash flow information:

Interest paid

$

1,628

$

1,972

Income taxes paid, net of refunds

$

315,537

$

318,989

Purchase of property and equipment through settlement of deposit

$

2,850

$

64,050

Copart, Inc.

Segments Information

(In thousands)

(Unaudited)

  Three Months Ended April 30, 2026

Three Months Ended April 30, 2025

United States

International

Total

United States

International

Total

Service revenues

$

895,464

$

160,616

$

1,056,080

$

898,625

$

136,211

$

1,034,836

Vehicle sales

107,398

73,588

180,986

107,832

69,048

176,880

Total service revenues and vehicle sales

1,002,862

234,204

1,237,066

1,006,457

205,259

1,211,716

Facility operations

419,714

84,476

504,190

412,895

76,840

489,735

Cost of vehicle sales

99,024

61,253

160,277

113,853

55,861

169,714

General and administrative

93,679

14,638

108,317

87,244

13,478

100,722

Operating income

$

390,445

$

73,837

$

464,282

$

392,465

$

59,080

$

451,545

Nine Months Ended April 30, 2026

Nine Months Ended April 30, 2025

United States

International

Total

United States

International

Total

Service revenues

$

2,570,465

$

429,511

$

2,999,976

$

2,626,745

$

385,708

$

3,012,453

Vehicle sales

306,631

207,163

513,794

302,097

207,311

509,408

Total service revenues and vehicle sales

2,877,096

636,674

3,513,770

2,928,842

593,019

3,521,861

Facility operations

1,213,549

245,560

1,459,109

1,255,336

221,001

1,476,337

Cost of vehicle sales

285,356

166,896

452,252

282,946

172,653

455,599

General and administrative

271,301

47,422

318,723

267,142

38,660

305,802

Operating income

$

1,106,890

$

176,796

$

1,283,686

$

1,123,418

$

160,705

$

1,284,123

More News From Copart, Inc.

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Copart, Inc. (CPRT - Free Report) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +4.88%. A quarter ago, it was expected that this company would post earnings of $0.4 per share when it actually produced earnings of $0.36, delivering a surprise of -10%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Copart, which belongs to the Zacks Auction and Valuation Services industry, posted revenues of $1.24 billion for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 2.39%. This compares to year-ago revenues of $1.21 billion. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Copart shares have lost about 15.6% since the beginning of the year versus the S&P 500's gain of 8.6%.

What's Next for Copart?While Copart has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Copart was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.39 on $1.15 billion in revenues for the coming quarter and $1.57 on $4.61 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Auction and Valuation Services is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the broader Zacks Business Services sector, Skillsoft Corp. (SKIL - Free Report) , has yet to report results for the quarter ended April 2026.

This company is expected to post quarterly earnings of $0.05 per share in its upcoming report, which represents a year-over-year change of -83.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Skillsoft Corp.'s revenues are expected to be $121.08 million, down 2.5% from the year-ago quarter.

Copart, Inc. (CPRT) Q3 2026 Earnings Call Transcript

Copart, Inc. (CPRT - Free Report) closed the last trading session at $33.79, gaining 2.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $46.22 indicates a 36.8% upside potential.

The average comprises nine short-term price targets ranging from a low of $32.00 to a high of $65.00, with a standard deviation of $12.49. While the lowest estimate indicates a decline of 5.3% from the current price level, the most optimistic estimate points to a 92.4% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.

However, an impressive consensus price target is not the only factor that indicates a potential upside in CPRT. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Here's Why There Could be Plenty of Upside Left in CPRTThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current year, one estimate has moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 0.2%.

Moreover, CPRT currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much CPRT could gain, the direction of price movement it implies does appear to be a good guide.