Copart Reports Q2 Fiscal 2026 Earnings Miss with 10% EPS Decline
CPRT is trading near its 52-week low of $36.52 (8.3% below the low).
Summary
Copart, Inc. announced its second quarter fiscal year 2026 financial results, reporting a 10% decrease in diluted earnings per share and declines in revenue and gross profit compared to the prior year.
Key Events · Earnings and Guidance · CPRT
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Q2 Revenue Decline
For the three months ended January 31, 2026, revenue decreased by $41.6 million, or 3.6%, to $1.1 billion compared to the same period last year.
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Q2 EPS Decreased
Fully diluted earnings per share for the second quarter was $0.36, a 10.0% decrease from $0.40 in the prior year.
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Q2 Profitability Lower
Gross profit declined by $32.7 million (6.2%) to $492.8 million, and net income attributable to Copart, Inc. decreased by $36.7 million (9.5%) to $350.7 million for the quarter.
Analysis · CPRT · Trade & Services
Copart, Inc.'s second quarter fiscal year 2026 results indicate a notable slowdown, with key financial metrics declining year-over-year. The 10% drop in diluted EPS, coupled with decreases in revenue and gross profit, suggests operational challenges or a softening market. This performance is particularly concerning as the company's stock is currently trading near its 52-week low, potentially adding further pressure on investor sentiment.
At the time of this filing, CPRT was trading at $33.50 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $36.4B. The 52-week trading range was $36.52 to $63.85. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.