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Copart Q1 Earnings Surpass Expectations, Revenues Increase Y/Y

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Key Takeaways

  • CPRT posted Q1 adjusted EPS of 41 cents, beating estimates as revenues rose 0.7% from last year.
  • Service revenues reached $991.8M and vehicle sales rose to $163.2M, both increasing year over year.
  • Operating income rose to $430.7M and net income grew 11.4% as facility operations costs declined.

Copart, Inc. (CPRT - Free Report) reported first-quarter fiscal 2026 (ended Oct. 31, 2025) adjusted earnings per share of 41 cents, which beat the Zacks Consensus Estimate of 40 cents. The bottom line increased 10.8% year over year. The online auto auction leader generated revenues of $1.16 billion, missing the Zacks Consensus Estimate of $1.19 billion. The top line, however, rose 0.7% from the year-ago reported figure.

Copart, Inc. Price, Consensus and EPS Surprise

Copart, Inc. Price, Consensus and EPS Surprise

Copart, Inc. price-consensus-eps-surprise-chart | Copart, Inc. Quote

Key Tidbits of CPRT’s Q1 Results

Copart’s fiscal first-quarter service revenues were $991.8 million, which increased from $986.3 million recorded in the year-ago period. However, the figure missed the Zacks Consensus Estimate of $1.02 billion. Service revenues accounted for 85.9% of total revenues.

Vehicle sales totaled $163.2 million in the quarter, which rose from the prior-year quarter’s $160.5 million and topped the Zacks Consensus Estimate of $149 million.

While facility operations expenses declined 4.5% year over year to $427.2 million, the cost of vehicle sales rose 2.4% to $141.5 million. Facility depreciation and amortization came in at $47.4 million, down 0.2% year over year. Facility stock-based compensation increased 6.1% to $1.94 million.

Gross profit was up 4.9% year over year to $537 million. General and administrative expenses rose 1.4% from the prior-year quarter to $92.3 million. Total operating expenses fell 2.2% to $724.3 million.

Operating income rose to $430.7 million from $406.4 million recorded in the year-ago quarter. Net income also grew 11.4% year over year to $402.2 million.

Copart had cash, cash equivalents and restricted cash of $5.2 billion as of Oct. 31, 2025, compared with $2.78 billion as of July 31, 2025.

Net cash from operating activities and capex during the first three months of fiscal 2026 totaled $535.2 million and $108 million, respectively.

Copart’s Zacks Rank & Key Picks

CPRT carries a Zacks Rank #3 (Hold) at present.

Some better-ranked stocks in the auto space are General Motors Company (GM - Free Report) , OPENLANE, Inc. (KAR - Free Report) and Garrett Motion Inc. (GTX - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for GM’s 2025 and 2026 EPS has improved 4 cents and 11 cents, respectively, in the past seven days.

The Zacks Consensus Estimate for KAR’s 2025 sales and earnings implies year-over-year growth of 9.4% and 48.2%, respectively. EPS estimates for 2025 and 2026 have improved 9 cents and 11 cents, respectively, in the past 30 days.

The Zacks Consensus Estimate for GTX’s 2025 sales and earnings implies year-over-year growth of 2.6% and 16.7%, respectively. EPS estimates for 2025 and 2026 have improved 11 cents and 25 cents, respectively, in the past 30 days. 

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