Copart shares tumble as quarterly results miss expectations

SelfRugger · 2026-02-19T23:06:35+00:00

Copart Inc's shares dropped 11.1% after posting Q2 earnings that missed analyst expectations, with earnings per share at $0.36 and revenue at $1.12 billion. Net income also fell, reflecting a challenging financial period.

SelfRugger

2026-02-19 23:06:35

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Copart shares tumble as quarterly results miss expectations

Luke Juricic

Fri, February 20, 2026 at 7:51 AM GMT+9 1 min read

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CPRT

-0.26%

Investing.com – Copart Inc (NASDAQ:CPRT) saw its shares slide 11.1% in after-hours trading Thursday following the release of its second-quarter fiscal results. The online vehicle auction leader reported earnings and revenue that fell short of Wall Street estimates for the period ended January 31, 2026.

The company posted quarterly earnings per share of $0.36, missing the $0.39 consensus set by analysts. This figure represents a 10.0% decline from the $0.40 per share reported in the same quarter of the previous year.

Revenue for the quarter reached $1.12 billion, trailing the $1.15 billion expected by the market. This reflects a 3.6% decrease in total service revenues and vehicle sales compared to the prior-year period.

Net income attributable to Copart fell to $350.7 million for the three months, marking a 9.5% drop from last year’s $387.4 million. Gross profit also faced pressure, contracting 6.2% to settle at $492.8 million.

Operating expenses for the quarter were $732.9 million, a slight decrease of 0.6% from the previous year. Despite the narrower top line, general and administrative costs rose 3.2% to $89.4 million.

The company’s balance sheet remains robust with cash and equivalents surging to $5.1 billion as of late January. Investors will likely look for clarity on shifting volume trends in both the United States and international segments during the upcoming conference call.

Copart shares tumble as quarterly results miss expectations

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