Copart Q3 revenue rises 2.1%, beats expectations

Copart

21/05/2026 21:28

Overview

Online vehicle auction firm's fiscal Q3 revenue rose 2.1%, beating analyst expectations

EPS beat analyst expectations, rising 2.4% year-over-year

Net income for the quarter declined 1% from the prior year

Outlook

Copart did not provide specific guidance or commentary on its outlook

Result Drivers

INTERNATIONAL REVENUE GROWTH - International service revenues offset a small drop in U.S. service revenues, supporting overall revenue growth

LOWER VEHICLE SALES COSTS - Cost of vehicle sales fell 5.6% year-over-year, helping gross profit growth

Company press release: ID:nBw2KBttQa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.24 bln
$1.20 bln (6 Analysts)
Q3 EPS
Beat
$0.43
$0.41 (7 Analysts)
Q3 Net Income
$401.39 mln
Q3 Gross Profit
$572.6 mln
Q3 Operating Expenses
$772.78 mln
Q3 Operating Income
$464.28 mln
Q3 Pretax Profit
$502.09 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy"

Wall Street's median 12-month price target for Copart Inc is $46.00, about 39.2% above its May 20 closing price of $33.04

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 23 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)