Copart FY2026 10-K: $1.48B Net Income, $1.6B Buyback, DOJ Probe Disclosed
CPRT is trading near its 52-week low of $26.81 (1.1% above the low).
Summary
Copart's FY2026 10-K confirms $1.48B net income, a $1.6B buyback, and discloses an ongoing DOJ money-laundering investigation alongside the pending $1.9B ACV acquisition.
Key Events · Earnings and Guidance · CPRT
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FY2026 Full-Year Results
Revenue $4.67B (+0.4% YoY), net income $1.48B (-4.4% YoY), operating income $1.65B. Q4 net income fell 17.4% on rising facility and G&A costs.
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$1.6B Stock Repurchase
43.4M shares repurchased at $37.63 average price in FY2026, reducing shares outstanding from 967.5M to 926.3M. 282M shares remain authorized.
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DOJ Money-Laundering Investigation
Ongoing DOJ Consumer Protection Branch investigation into potential money-laundering law violations related to auction platform member practices. Company received DOJ letter in October 2023 and is cooperating; range of possible loss cannot be estimated.
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New $1.25B Credit Facility
2026 Credit Agreement provides unsecured revolving credit up to $1.25B maturing January 23, 2031, replacing prior secured facility. $1.23B unused capacity as of July 31, 2026.
Analysis · CPRT · Trade & Services
The annual report confirms full-year fiscal 2026 net income of $1.48 billion on $4.67 billion revenue, with operating income of $1.65 billion. A substantial return of capital stands out: 43.4 million shares repurchased for $1.6 billion at an average $37.63, reducing shares outstanding by roughly 4.5%. The filing also discloses an ongoing DOJ money-laundering investigation into auction platform practices, a new $1.25 billion revolving credit facility, and the previously announced $1.9 billion ACV Auctions acquisition expected to close by end of calendar 2026. Trading near its 52-week low at $27.11, the stock reflects investor concerns about margin compression and the DOJ overhang despite strong cash generation.
How filings like this one have moved
In the 30 days to Oct 15, 2026, 29% of the 1483 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.47%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CPRT was trading at $27.11 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $25.2B. The 52-week trading range was $26.81 to $45.89. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.