Copart Reports Stable Q3 Results, Repurchases $1.43 Billion in Stock Amidst DOJ Probe
CPRT is trading near its 52-week low of $32.2 (2.9% above the low).
Summary
Copart's Q3 2026 earnings show stable performance with a slight EPS increase, alongside a substantial $1.43 billion stock repurchase in the quarter, demonstrating confidence despite an ongoing DOJ investigation.
Key Events · Earnings and Guidance · CPRT
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Q3 Financial Performance
Diluted EPS increased 2.38% to $0.43, and total service revenues and vehicle sales rose 2.09% to $1.24 billion for the three months ended April 30, 2026, compared to the prior year.
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Significant Stock Repurchases
The company repurchased $1.43 billion of common stock in Q3 2026 (37.95 million shares at a weighted average price of $37.69), part of a $1.63 billion repurchase over the nine-month period, representing approximately 5.1% of its market capitalization.
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Strong Cash Position
Cash, cash equivalents, and restricted cash increased by $573.6 million to $3.35 billion as of April 30, 2026, supported by a shift to positive investing cash flows.
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Ongoing DOJ Investigation
The company continues to cooperate with a U.S. Department of Justice investigation into potential money laundering violations, with the outcome and potential penalties currently unpredictable.
Analysis · CPRT · Trade & Services
Copart's Q3 2026 results show stable financial performance, with a slight increase in diluted EPS and revenue. The most significant event is the company's aggressive stock repurchase program, with $1.43 billion in buybacks during the quarter and $1.63 billion over the nine-month period, representing approximately 5.1% of its market capitalization. This substantial capital return, especially with the stock trading near 52-week lows, signals strong management confidence. However, an ongoing U.S. Department of Justice investigation into potential money laundering violations remains a notable risk with an unpredictable outcome.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 35.6% of the 1216 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. 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 $33.14 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $32.1B. The 52-week trading range was $32.20 to $53.09. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.