CPRT

MKT CAP:$32B

Copart, Inc.

Market Cap

$32B

Industrials·Specialty Business Services·🇺🇸 United States·NASDAQ

Industrials·Specialty·🇺🇸·NASDAQ

Stock Price

$33.05-$4.72 (-12.49%)

Apr 24, 2026

Company Details

Copart, Inc. provides online auctions and vehicle remarketing services in the United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain. It offers a rang...

CEO

Jeffrey Liaw

IPO Date

Mar 17, 1994

Website

www.copart.com

Key Metrics TTM

Revenue

$4.6B

+2.4% YoY

Net Income

$1.6B

EPS (Diluted)

$1.60

Free Cash Flow

$1.4B

Revenue / Share

$4.73

Gross Margin

45.3%

Operating Margin

36.5%

Net Margin

33.8%

FCF Margin

30.5%

P/S

6.9x

P/E

20.6x

Earnings Reports

Q2 2026

Mar 3, 2026

$1.1B-3.6%EPS $0.36

Q1 2026

Nov 21, 2025

$1.2B+0.7%EPS $0.41

FY 2025

Sep 26, 2025

$4.6B+9.7%EPS $1.59

Q4 2025

Sep 26, 2025

$1.1B+5.2%EPS $0.41

Q3 2025

Jun 3, 2025

$1.2B+7.5%EPS $0.42

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$940M	$436M	$373M
Q4 22	$883M	$382M	$325M
Q1 23	$893M	$369M	$312M
Q2 23	$957M	$427M	$366M
Q3 23	$1.0B	$483M	$419M
Q4 23	$998M	$458M	$391M
Q1 24	$1.0B	$464M	$395M
Q2 24	$1.0B	$460M	$380M
Q3 24	$1.1B	$521M	$437M
Q4 24	$1.1B	$463M	$360M
Q1 25	$1.1B	$512M	$406M
Q2 25	$1.2B	$526M	$426M
Q3 25	$1.2B	$552M	$452M
Q4 25	$1.1B	$510M	$413M
Q1 26	$1.2B	$537M	$431M
Q2 26	$1.1B	$493M	$389M

Valuation

Quarter	P/S	P/E
Q3 22	8.1x	25.3x
Q4 22	8.8x	28.1x
Q1 23	7.6x	25.5x
Q2 23	8.6x	29.2x
Q3 23	10.0x	32.5x
Q4 23	10.9x	34.2x
Q1 24	10.3x	31.2x
Q2 24	11.5x	34.5x
Q3 24	12.9x	38.6x
Q4 24	11.6x	36.0x
Q1 25	11.4x	35.9x
Q2 25	12.4x	38.4x
Q3 25	12.6x	39.1x
Q4 25	9.6x	28.7x
Q1 26	8.9x	26.1x
Q2 26	8.3x	24.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	$417M	$339M
Q4 22	$313M	$210M
Q1 23	$312M	$159M
Q2 23	$188M	$84M
Q3 23	$506M	$416M
Q4 23	$359M	$188M
Q1 24	$375M	$213M
Q2 24	$162M	$39M
Q3 24	$496M	$408M
Q4 24	$439M	$301M
Q1 25	$482M	$246M
Q2 25	$178M	$61M
Q3 25	$701M	$573M
Q4 25	$438M	$351M
Q1 26	$535M	$427M
Q2 26	$128M	$58M

Capital Expenditures

Quarter	CapEx
Q3 22	$79M
Q4 22	$103M
Q1 23	$153M
Q2 23	$104M
Q3 23	$90M
Q4 23	$170M
Q1 24	$162M
Q2 24	$123M
Q3 24	$88M
Q4 24	$138M
Q1 25	$237M
Q2 25	$117M
Q3 25	$128M
Q4 25	$88M
Q1 26	$108M
Q2 26	$70M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+28.1%	+39.8%
Q4 22	+18.0%	+24.9%
Q1 23	+10.3%	+21.2%
Q2 23	+10.3%	+13.7%
Q3 23	+8.7%	+6.3%
Q4 23	+12.9%	+8.7%
Q1 24	+14.2%	+7.4%
Q2 24	+6.6%	+8.3%
Q3 24	+10.3%	+14.5%
Q4 24	+7.2%	+16.9%
Q1 25	+12.4%	+18.5%
Q2 25	+14.0%	+15.1%
Q3 25	+7.5%	+10.2%
Q4 25	+5.2%	+0.4%
Q1 26	+0.7%	-2.2%
Q2 26	-3.6%	-0.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$10M	1.0%
Q4 22	$10M	1.1%
Q1 23	$10M	1.1%
Q2 23	$10M	1.1%
Q3 23	$10M	1.0%
Q4 23	$9M	0.9%
Q1 24	$8M	0.8%
Q2 24	$9M	0.9%
Q3 24	$9M	0.8%
Q4 24	$9M	0.8%
Q1 25	$10M	0.9%
Q2 25	$9M	0.8%
Q3 25	$9M	0.8%
Q4 25	$9M	0.8%
Q1 26	$9M	0.8%
Q2 26	$10M	0.9%

OpEx Breakdown

Quarter	G&A	S&M
Q3 22	$59M	—
Q4 22	$41M	$15M
Q1 23	$53M	—
Q2 23	$57M	—
Q3 23	$60M	—
Q4 23	$49M	$18M
Q1 24	$65M	—
Q2 24	$84M	—
Q3 24	$88M	—
Q4 24	$94M	—
Q1 25	$106M	—
Q2 25	$99M	—
Q3 25	$101M	—
Q4 25	$84M	—
Q1 26	$92M	—
Q2 26	$89M	—

Revenue Segments

Quarter	Product	Service
Q3 22	$174M	$766M
Q4 22	$176M	$708M
Q1 23	$167M	$727M
Q2 23	$167M	$790M
Q3 23	$175M	$847M
Q4 23	$163M	$834M
Q1 24	$161M	$860M
Q2 24	$158M	$862M
Q3 24	$181M	$947M
Q4 24	$176M	$893M
Q1 25	$160M	$986M
Q2 25	$172M	$991M
Q3 25	$177M	$1.0B
Q4 25	$169M	$956M
Q2 26	$170M	$952M

Revenue by Geography

Quarter	International	United States
Q3 22	$150M	$790M
Q4 22	$134M	$749M
Q1 23	$145M	$749M
Q2 23	$169M	$788M
Q3 23	$188M	$834M
Q4 23	-$467M	$1.5B
Q1 24	$180M	$841M
Q2 24	$189M	$831M
Q3 24	$208M	$919M
Q4 24	$195M	$874M
Q1 25	$199M	$948M
Q2 25	$188M	$975M
Q3 25	$205M	$1.0B
Q4 25	$199M	$926M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$1.5B	$225M	$1.7B
Q4 22	$1.4B	$0	$1.4B
Q1 23	$1.5B	$0	$1.5B
Q2 23	$1.7B	$0	$1.7B
Q3 23	$2.1B	$0	$2.1B
Q4 23	$957M	$1.4B	$2.4B
Q1 24	$2.6B	$49M	$2.6B
Q2 24	$1.3B	$1.4B	$2.7B
Q3 24	$1.1B	$2.0B	$3.1B
Q4 24	$1.5B	$1.9B	$3.4B
Q1 25	$3.7B	$0	$3.7B
Q2 25	$3.3B	$459M	$3.8B
Q3 25	$2.4B	$2.0B	$4.4B
Q4 25	$2.8B	$2.0B	$4.8B
Q1 26	$5.2B	$10M	$5.2B
Q2 26	$5.1B	$0	$5.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	963M	-0.2%	+0.2%
Q4 22	963M	+0.0%	+0.0%
Q1 23	964M	+0.1%	-0.1%
Q2 23	965M	+0.1%	+0.0%
Q3 23	967M	+0.2%	+0.5%
Q4 23	970M	+0.3%	+0.8%
Q1 24	972M	+0.1%	+0.8%
Q2 24	975M	+0.3%	+1.0%
Q3 24	976M	+0.2%	+0.9%
Q4 24	977M	+0.0%	+0.6%
Q1 25	977M	+0.0%	+0.5%
Q2 25	978M	+0.1%	+0.3%
Q3 25	978M	+0.0%	+0.2%
Q4 25	978M	-0.0%	+0.1%
Q1 26	977M	-0.1%	+0.1%
Q2 26	976M	-0.1%	-0.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$109.3K	9K
Q4 22	$93.0K	10K
Q1 23	$94.0K	10K
Q2 23	$100.7K	10K
Q3 23	$107.6K	10K
Q4 23	$97.8K	10K
Q1 24	$100.0K	10K
Q2 24	$100.0K	10K
Q3 24	$110.5K	10K
Q4 24	$91.4K	12K
Q1 25	$98.0K	12K
Q2 25	$99.4K	12K
Q3 25	$103.6K	12K
Q4 25	$97.0K	12K
Q1 26	$99.6K	12K
Q2 26	$96.7K	12K

Revenue / Employee