Copart
Runs online vehicle auctions and the physical logistics behind salvage remarketing.
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Profile
Runs online auctions and remarketing for salvage, total-loss, used, and wholesale vehicles, earning mainly transaction and related service fees. Insurance companies supply most vehicles, while a physical yard network handles towing, storage, titles, and release for a global buyer base.
Runs VB3, an online marketplace for damaged, recovered-theft, used, and wholesale vehicles, connecting insurance companies and other sellers with dismantlers, rebuilders, dealers, exporters, and public buyers. Auction and transaction fees drive the agency model; purchased-vehicle resale is used chiefly in the UK and parts of Europe.
Handles towing, storage, title processing, vehicle imaging, sales, and post-auction logistics across a facility network spanning the US and ten international markets. Cash For Cars sources vehicles from consumers, National Powersport Auctions covers motorcycles and other powersports, Purple Wave auctions construction and agricultural equipment, and UK recycling operations dismantle vehicles for reusable parts.
Most processed vehicles come from insurers, while the US produces most revenue. Vehicle supply, yard capacity, catastrophe response, title and buyer-licensing rules, zoning approvals, and environmental requirements shape operations.
Company facts
Categories
Key statistics
Year to date −12.6% · Average volume (30d) 11.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 26, 2026 | Barclays | Target | $26 | $25 | ||
| Jul 21, 2026 | Barclays | Target | $33 | $26 | ||
| May 22, 2026 | Jefferies | Target | $63 | $45 | ||
| Feb 20, 2026 | Robert W. Baird | Target | $52 | $48 | ||
| Nov 21, 2025 | Robert W. Baird | Target | $52 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 21, 2026Q3 FY26 | $0.41 | $0.43 | +5.8% | $1.19B | $1.24B | +3.5% | −1.77% |
| Feb 19, 2026Q2 FY26 | $0.39 | $0.36 | −8.3% | $1.15B | $1.12B | −2.4% | −3.11% |
| Nov 20, 2025Q1 FY26 | $0.39 | $0.41 | +5.2% | $1.18B | $1.16B | −2.0% | −0.71% |
| Sep 4, 2025Q4 FY25 | $0.36 | $0.41 | +13.5% | $1.14B | $1.13B | −1.0% | −2.80% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.16B | $1.21B | $1.13B | $1.16B | $1.12B | $1.24B | |
| Gross profit | $525.6M | $552.3M | $509.7M | $537.0M | $492.8M | $572.6M | |
| Operating income | $426.2M | $451.5M | $412.6M | $430.7M | $388.7M | $464.3M | |
| Net income | $387.4M | $406.6M | $396.4M | $403.7M | $350.7M | $402.4M | |
| Diluted EPS | $0.40 | $0.42 | $0.41 | $0.41 | $0.36 | $0.43 | |
| Gross margin | 45.2% | 45.6% | 45.3% | 46.5% | 43.9% | 46.3% | |
| Operating margin | 36.6% | 37.3% | 36.7% | 37.3% | 34.7% | 37.5% |
Fiscal years (4-quarter sums)FY21 $2.69B · FY22 $3.50B · FY23 $3.87B · FY24 $4.24B · FY25 $4.65B
Revenue by product · Q3 FY26
Revenue by geography · Q3 FY26
Balance sheet, Apr 30, 2026Cash & short-term investments $4.20B · Total debt $93.1M · Total assets $9.65B · Shareholders' equity $8.77B
Dividends
No dividends on record.
Ownership
Shares outstanding 925.81M · Float 845.41M · 91.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 67.72M | 7.31% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 57.33M | 6.19% | 13F | Aug 13, 2026 |
| State Street Corp | 38.83M | 4.19% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 38.74M | 4.18% | 13F | Aug 13, 2026 |
| Invesco Ltd. | 33.02M | 3.57% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 28, 2026 | Jeffrey Liaw | officer: Chief Executive Officer | −27,745 | $30.49 |
| Jul 13, 2026 | Daniel J. Englander | director | −80,000 | $27.55 |
| Apr 15, 2026 | Jeffrey Liaw | officer: Chief Executive Officer | −26,213 | $33.18 |
| Jan 15, 2026 | Jeffrey Liaw | officer: Chief Executive Officer | −25,137 | $40.17 |
| Nov 25, 2025 | Thomas N. Tryforos | director | −100,000 | $39.07 |
Peers
- RB Global
Copart's only head-to-head rival in salvage auctions, via its IAA brand.
- OPENLANE
Leading digital wholesale marketplace for off-lease, fleet, and dealer vehicles.
- LKQ
World's largest recycled auto-parts distributor and major salvage auction buyer.
- ACV Auctions
Pure-play digital wholesale marketplace with AI inspection and valuation data.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Copart | $33.00 | 0.00% | $30.54B | 20.5 | 20.3 | 6.6 | +2.1% |
| RB Global | $86.35 | +0.33% | $16.03B | 36.9 | 18.4 | 3.3 | +9.6% |
| OPENLANE | $35.09 | −0.03% | $3.72B | — | 22.2 | 1.8 | +15.1% |
| LKQ | $25.53 | 0.00% | $6.46B | 14.2 | 8.8 | 0.5 | −6.4% |
| ACV Auctions | $7.16 | +0.07% | $1.25B | — | 26.0 | 1.6 | +10.5% |
| Median | 25.6 | 20.3 | 1.7 | +10.0% |