Copart Reports Modest Q3 EPS and Revenue Growth, Reversing Prior Quarter's Decline
CPRT is trading near its 52-week low of $32.2 (4.6% above the low) on elevated volume (1.9× avg).
Summary
Copart reported third-quarter fiscal 2026 financial results, showing a modest 2.4% increase in diluted EPS and 2.1% revenue growth, a positive shift after the previous quarter's declines.
Key Events · Earnings and Guidance · CPRT
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Q3 Diluted EPS Increased
Diluted earnings per share rose 2.4% year-over-year to $0.43 for the third quarter, reversing the 10% decline reported in the previous quarter.
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Revenue Growth Resumed
Total revenue for the quarter increased by 2.1% to $1.2 billion, following a 4% decline in the prior quarter.
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Net Income Slightly Down
Net income attributable to Copart, Inc. decreased by 1.0% to $402.4 million.
Analysis · CPRT · Trade & Services
The company reported a return to positive year-over-year growth in diluted EPS and revenue for the third quarter, contrasting with the declines seen in the prior quarter. This modest growth, while net income slightly decreased, could be viewed positively by investors, especially given the stock's current position near its 52-week low. It suggests a potential stabilization or slight improvement in operational performance.
At the time of this filing, CPRT was trading at $33.69 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $33.1B. The 52-week trading range was $32.20 to $61.66. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.