Copart fourth-quarter revenue rises to $1.2 billion as net income drops
The online vehicle auction operator reported fourth-quarter revenue of $1.2 billion, up 2.4% from a year earlier, while net income fell to $327.4 million.
Copart, Inc. (CPRT) reported financial results Wednesday for the fourth quarter and fiscal year ended July 31, 2026. For the three months ended July 31, 2026, the company posted revenue of $1.2 billion, gross profit of $481.4 million, and net income attributable to Copart, Inc. of $327.4 million, according to a regulatory filing.
Fourth-quarter results
Here's how the company did:
- Revenue was $1.2 billion, an increase of $27.3 million, or 2.4%, from a year earlier.
- Gross profit was $481.4 million, a decrease of $28.3 million, or 5.5%, from a year earlier.
- Net income attributable to Copart, Inc. was $327.4 million, a decrease of $68.9 million, or 17.4%, from a year earlier.
- Diluted earnings per share were 35 cents compared to 41 cents last year, a decline of 14.6%.
Full-year financial results
For the fiscal year ended July 31, 2026, Copart reported revenue of $4.7 billion, gross profit of $2.1 billion, and net income attributable to Copart, Inc. of $1.5 billion. Revenue increased by $19.3 million, or 0.4%, compared to the previous fiscal year. Gross profit decreased by $15.8 million, or 0.8%, and net income attributable to Copart, Inc. fell by $68.2 million, or 4.4%. Diluted earnings per share for the full year declined to $1.55 compared to $1.59 in the prior year, or 2.5%.
Segment performance and share repurchases
Service revenues for the fourth quarter reached $969.5 million, up 1.4% from $956.2 million in the same period last year. Vehicle sales rose 8.3% to $182.8 million from $168.9 million. International service revenues and vehicle sales totaled $222.1 million for the quarter, compared to $198.8 million a year earlier. During the fiscal year, the company repurchased $1.6 billion of common stock.
Why it matters
The fourth-quarter figures show top-line growth accompanied by margin compression, as operating expenses climbed 10.0% to $783.5 million. General and administrative expenses increased to $97.8 million from $83.9 million in the fourth quarter of the prior year, while facility operations costs rose to $450.7 million from $418.5 million.
By the numbers
| Metric | Value | Source |
|---|---|---|
| Q4 Revenue | $1.2 billion | Filing |
| Q4 Gross Profit | $481.4 million | Filing |
| Q4 Net Income | $327.4 million | Filing |
| Q4 Diluted EPS | 35 cents | Filing |
| Full-Year Revenue | $4.7 billion | Filing |
| Full-Year Net Income | $1.5 billion | Filing |
| Full-Year Diluted EPS | $1.55 | Filing |
| Common Stock Repurchases | $1.6 billion | Filing |
Conference call and webcast details
Copart scheduled a conference call for Thursday, September 10, 2026, at 5:30 p.m. Eastern Time to discuss the financial results. A live webcast and replay of the call are available through the investor relations section of the company website.