CPRT Reports Q1 2026 Profit Increase, Revenue Misses Estimates

Copart (CPRT.US) reported its financial results for the first quarter of fiscal year 2026, ending October 31, 2025. The company announced net income attributable to Copart, Inc. of $403.7 million, marking an 11.5% increase compared to the same period last year. Fully diluted earnings per share rose to $0.41, an 11.7% increase, surpassing the analyst EPS estimate of $0.4.

Revenue for the quarter was $1.16 billion, a modest increase of 0.7% year-over-year, but it fell short of the analyst revenue estimate of $1.176 billion.

Key Financial Performance

For the three months ended October 31, 2025, Copart's gross profit increased by 4.9% to $537.0 million from $512.1 million in the prior year. Operating income also saw a notable rise of 6.0%, reaching $430.7 million compared to $406.4 million in the same period last year.

Other income played a significant role, with interest income, net, increasing by 17.5% to $53.5 million. Additionally, other income (expense), net, surged by 590.6%, contributing to a total other income of $56.4 million, a 25.5% increase year-over-year.

Segment Performance

The company's total service revenues and vehicle sales demonstrated mixed results across its segments. In the United States, total service revenues and vehicle sales increased by 0.5% to $952.6 million from $947.5 million in the prior year.

Internationally, total service revenues and vehicle sales experienced a 1.6% increase, reaching $202.4 million compared to $199.3 million in the same period last year. This growth was primarily driven by an increase in service revenues in the international segment, which rose by 7.9%.