Copart, Inc.'s Stock Analysis

Copart Appoints Jane Pocock as New President Effective August 2026

Copart, Inc. has announced the appointment of Jane Pocock as President, effective August 1, 2026. Pocock, who has been with the company since January 2019 as Managing Director of Copart UK, is recognized for her role in driving significant growth and expansion in the UK and Ireland markets. Her leadership has strengthened operational capabilities and improved customer experience, which the company aims to leverage globally.

Pocock's promotion is seen as a reflection of Copart's confidence in its UK and Ireland business and the potential to replicate this success across its international operations. Before joining Copart, she served as Chief Executive of Vans Direct. The company operates in over 250 locations across 11 countries and sold more than 4 million vehicles in the last year, offering a range of vehicle remarketing services to various sectors.

Jul 08, 2026 17:22:41

Copart Announces CEO Transition and Leadership Changes

Copart, Inc. has announced a leadership transition, with A. Jayson Adair appointed as the new Chief Executive Officer, effective July 31, 2026. He will succeed Jeffrey Liaw, who is stepping down from his position as CEO and resigning from the Board, although his departure is not due to any disagreements regarding financial matters. Adair, currently the Executive Chairman, is related to the Chairman of the Board, Wills J. Johnson. Liaw will continue to support the company as a Senior Advisor during a transition period lasting until July 31, 2027.

As part of the transition, Liaw will receive a total of $450,000 in a lump sum payment and an additional $200,000 during the transition period. The company has agreed to waive certain restrictions on Liaw's previous stock options and will pay him a fiscal 2026 bonus as per the executive bonus plan. His existing equity awards will continue to vest throughout the transition. The leadership change is expected to maintain Copart's operational continuity as it continues to serve its global customer base across various sectors.

Jun 29, 2026 09:15:01

Copart Reports Third Quarter Fiscal 2026 Financial Results

Copart, Inc. reported its financial results for the third quarter of fiscal year 2026, ending April 30, 2026. The company generated revenue of $1.2 billion, representing a 2.1% increase from the same quarter last year. Gross profit also increased by 3.7% to $572.6 million, while net income attributable to Copart decreased slightly by 1.0% to $402.4 million. Fully diluted earnings per share rose to $0.43 from $0.42 in the previous year, marking a 2.4% increase.

For the nine months ending April 30, 2026, Copart reported total revenue of $3.5 billion, a slight decrease of 0.2% compared to the same period last year. However, gross profit rose by 0.8% to $1.6 billion, and net income increased marginally by 0.1% to $1.2 billion. The fully diluted earnings per share for this period increased to $1.20 from $1.18. The company will hold a conference call to discuss these results, which can be accessed via their investor relations website.

May 21, 2026 16:16:22

Copart Reports Decrease in Revenue and Earnings for Q2 2026

Copart, Inc. announced its financial results for the second quarter of fiscal year 2026, ending January 31, 2026. The company reported revenue of $1.1 billion, which is a decrease of $41.6 million, or 3.6%, compared to the same period last year. Gross profit also fell by $32.7 million, or 6.2%, to $492.8 million, while net income attributable to Copart decreased by $36.7 million, or 9.5%, to $350.7 million. Earnings per share for the quarter were $0.36, down from $0.40 in the previous year.

For the six months ended January 31, 2026, Copart's revenue totaled $2.3 billion, reflecting a decrease of $33.4 million, or 1.4%. Gross profit for this period was $1 billion, down by $7.8 million, or 0.8%. However, net income for the six-month period increased by $5 million, or 0.7%, to $754.4 million, with earnings per share remaining steady at $0.77 compared to the same period last year. A conference call to discuss these results is scheduled for February 19, 2026.

Feb 19, 2026 16:16:47

Copart Secures $1.25 Billion Revolving Credit Facility

Copart, Inc. has entered into a Senior Revolving Credit Agreement providing for a $1.25 billion revolving credit facility, which matures on January 23, 2031. This new agreement allows for borrowings in multiple currencies and includes various sub-facilities for its foreign subsidiaries. The company has terminated its previous credit agreement and plans to utilize the proceeds for general corporate purposes, including working capital, dividends, and potential share repurchases or acquisitions.

The Credit Agreement is unsecured and guaranteed by certain domestic subsidiaries of Copart. Borrowing costs will depend on the company's financial leverage ratio, with interest rates based on various benchmarks for different currencies. The agreement also imposes customary fees on unused commitments. Investors should note that the company's financial obligations and operational risks may impact its ability to service this debt and execute its expansion strategies.

Jan 26, 2026 16:48:13

Copart Annual Meeting Attendance and Voting Results Summary

Copart, Inc. held its 2025 annual meeting of stockholders on December 5, 2025. Out of 967,834,374 shares of common stock outstanding as of October 10, 2025, approximately 91% were represented at the meeting, totaling 880,459,232 shares either in person or by proxy.

The report includes details about the matters voted on during the Annual Meeting, although specific voting results for each matter are not provided in the text. The document was signed by an authorized representative of Copart on December 11, 2025.

Dec 11, 2025 15:42:26

Copart Reports First Quarter Fiscal 2026 Financial Results

Copart, Inc. reported its financial results for the first quarter of fiscal year 2026, which ended on October 31, 2025. The company generated revenue of $1.16 billion, a slight increase of 0.7% compared to the same period last year. Gross profit rose to $537.0 million, reflecting a 4.9% increase, while net income attributable to Copart was $403.7 million, marking an 11.5% increase. Fully diluted earnings per share were $0.41, up from $0.37 in the previous year, representing an 11.7% growth in earnings per share.

The press release also mentioned that Copart operates globally, connecting vehicle consignors to nearly 1 million members across over 185 countries. The company has a presence in 11 countries with more than 250 locations, having sold over 4 million vehicles in the last year. A conference call to discuss these results was scheduled for November 20, 2025, with a replay available until February 2026.

Nov 20, 2025 16:16:56

Copart Reports Fiscal 2025 Fourth Quarter Financial Results

Copart, Inc. announced its financial results for the fourth quarter of fiscal year 2025, which ended on July 31, 2025. The company reported revenue of $1.1 billion, a 5.2% increase from the previous year, along with a gross profit of $510 million, marking a 12.4% rise. Net income attributable to Copart was $396 million, up 22.9% year-over-year. The fully diluted earnings per share for the quarter was $0.41, compared to $0.33 in the same period last year, reflecting a 24.2% increase.

For the entire fiscal year 2025, Copart generated revenue of $4.6 billion, a 9.7% increase from the previous year. Gross profit reached $2.1 billion, up 10.1%, while net income attributable to Copart was $1.6 billion, representing a 13.9% rise. The fully diluted earnings per share for the year was $1.59, an increase from $1.40 in the prior year, which is a 13.6% growth. The company operates globally, connecting vehicle consignors to a wide range of members and offering vehicle remarketing services across various markets.

Sep 04, 2025 16:16:56

Copart Reports Revenue and Net Income Growth for Q3 2025

Copart, Inc. announced its financial results for the third quarter of fiscal 2025, reporting revenue of $1.2 billion, an increase of 7.5% compared to the same period last year. Gross profit rose to $552.3 million, up 5.1%, while net income attributable to Copart reached $406.6 million, reflecting a 6.4% increase. The fully diluted earnings per share for the quarter was $0.42, compared to $0.39 in the prior year, marking a 7.7% rise.

For the nine months ending April 30, 2025, Copart reported total revenue of $3.5 billion, a growth of 11.2% year-over-year. Gross profit for this period was $1.6 billion, up 9.4%, and net income attributable to Copart was $1.2 billion, an increase of 11.1%. The fully diluted earnings per share for the nine months was $1.18, compared to $1.07 last year, indicating a 10.3% growth.

May 22, 2025 16:15:32

Copart Reports Revenue and Net Income Increases for Q2 2025

On the downside, Copart faced increased operating expenses, which rose by 15.1% in the second quarter, primarily due to higher facility operation costs that increased by nearly 20%. General and administrative expenses also surged by 19.2%, contributing to the overall rise in total operating expenses. Despite these challenges, the company's net income growth indicates that it has managed to maintain profitability amidst rising costs.

Feb 20, 2025 16:15:49