Copart Q2 revenue falls 3.6% to $1.1 billion; EPS down 10% to $0.36
Copart reported fiscal second-quarter 2026 results for the three months ended January 31, 2026, with revenue of $1.1 billion, down 3.6% from a year earlier, and net income attributable to Copart of $350.7 million, down 9.5%. Diluted earnings per share were $0.36 compared with $0.40 last year. For the six months, net income rose 0.7% to $754.4 million, while revenue fell 1.4% and diluted EPS was flat at $0.77.
Key points
- Quarterly revenue was $1.1 billion, down $41.6 million or 3.6%, and gross profit was $492.8 million, down 6.2%.
- Quarterly net income attributable to Copart was $350.7 million, down 9.5%, and diluted EPS was $0.36 versus $0.40.
- Six-month net income attributable to Copart rose $5.0 million, or 0.7%, to $754.4 million, while six-month diluted EPS was $0.77, unchanged.
- The filing reports $218.2 million of common stock repurchases in the six months ended January 31, 2026.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 19, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.