Copart, Inc. (CPRT) Earnings Call Transcripts

Copart, Inc.'s Latest Earnings Call - Q4 FY2026

In the fourth quarter of fiscal year 2026, Copart, Inc. (CPRT:US) reported consolidated revenue of $1.2 billion, reflecting a 2.4% year-over-year increase, driven by service revenues and purchased vehicle sales. However, net income decreased by 17.4% to $327.4 million, or $0.35 per diluted share, largely due to a prior year gain and lower interest income. Management maintained a positive outlook, emphasizing ongoing investments in technology and the strategic acquisition of ACV, which is expected to be accretive to earnings in its first full year post-acquisition, signaling potential for future growth.

Reported metrics

Guidance from management

Management expects the ACV acquisition to be accretive to earnings in the first full year post-acquisition, indicating confidence in future growth opportunities.

What management said

Yes. I mean we're on it. That's really all I can tell you. We're aware of it. We've identified it and we are on it. We are going to be focusing on reducing costs and getting that cost down. And so in just focusing on the cost, that's going to be one piece of it. The other side is as we bring more units through we're going to leverage those costs through more units. So the per car, I fully anticipate per car cost to c...

I don't think there's any drama. I mean, if anything, there's swagger maybe right now is what I would say at Copart, we're pretty pumped up about where we're headed. And we've got a lot of great people that are kicking ass and that's going to continue. That's not going to change. And I feel wonderful about our relationships with our existing customers. So everything is good. I don't really have anything that I would ...

What analysts pressed on

Analysts expressed concerns regarding the decline in net income and operating costs per vehicle, questioning the sustainability of margins and profitability amidst rising expenses and declining unit volumes in the insurance segment.

Main topics on the call

• Acquisition of ACV — Copart announced the acquisition of ACV, a digital automotive marketplace, which is expected to enhance liquidity and operational capabilities. CEO Jay Adair stated, "Together, Copart and ACV create a more complete autom...
• Revenue Growth — Consolidated revenue for Q4 was $1.2 billion, up 2.4% year-over-year, with service revenues increasing 1.4% and purchased vehicle sales rising 8.3%. CFO Leah Stearns noted, "For fiscal year 2026, revenue was $4.7 billion...
• Decline in Net Income — Net income for Q4 decreased by 17.4% to $327.4 million, impacted by a prior year asset disposal gain and reduced interest income. This decline raises concerns about profitability despite revenue growth.
• International Expansion — International revenue grew 11.7% in Q4, driven by service revenue increases of 15.5%. Management indicated a commitment to expanding in existing markets and exploring new international opportunities, stating, "We want to...

Read the full Copart, Inc. transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 Copart, Inc. earnings call transcripts on record, spanning February 20, 2020 to September 10, 2026. Based on this history, Copart, Inc. reports quarterly. The most recent call on file is dated September 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CPRT

Exchange

NasdaqGS

Country

US

Sector

Industrials

Industry

Commercial Services and Supplies

Calls on record

29

First call

February 20, 2020

Most recent

September 10, 2026

Reporting cadence

quarterly