Analyst Consensus ?
ConsensusHold21 ratings
Bullish1152.4%
Neutral942.8%
Bearish14.8%
Copart, Inc. · CPRT · FY2026 Q3 · Calendar Q2 2026
Copart Q3 FY2026: Record ASPs and International Growth Offset Soft Insurance Volumes
Copart delivered a solid Q3 FY2026 beat with revenue of $1.24 billion (+3.5% vs estimates) and EPS of $0.43 (+5.8% vs estimates), driven by record-high average selling prices and double-digit international revenue growth. Despite modest insurance volume declines, diversified growth from Title Express, long-haul delivery, and Purple Wave expansion is expanding margins. The stock drifted lower post-earnings, however, with a 12.4% subsequent decline, suggesting investors are weighing macro risks around salvage volume trends and consumer auto-insurance affordability.
Reported After market closeNASDAQIndustrials
$28.53B market cap
90quality score
Company context
Snapshot as of publicationCopart, Inc. stands as a prominent global provider of online vehicle auctions and comprehensive vehicle remarketing services. The company extends its operations across numerous international markets, including the United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain. At its core, Copart enables the buying and selling of vehicles over the internet through its sophisticated "virtual bidding" online auction platform. Its extensive range of services supports the entire vehicle disposition process, encompassing aspects such as direct online access for sellers, expert salvage and general vehicle valuation, end-of-life vehicle handling, logistics and transportation management, and dedicated vehicle inspection facilities.…
Earnings scorecard
Reported versus consensus
Reported EPS
$0.43
Consensus $0
EPS surprise
+5.8%
Reported versus consensus
Reported revenue
$1.24B
Consensus $1.19B
Revenue surprise
+3.5%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$29.35Current
$18.5Low
$39.56Average
$63High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Jul 30, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Underweight | Underweight | Maintain | Jul 22, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Feb 23, 2026 |
| Baird | Outperform | Outperform | Maintain | Feb 20, 2026 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | Sep 5, 2025 |
| HSBC Securities | Buy | Hold | Upgrade | Sep 4, 2025 |
| HSBC | Buy | Hold | Upgrade | Sep 4, 2025 |
| Argus | Hold | Buy | Downgrade | Mar 14, 2025 |
| Northcoast Research | Neutral | Buy | Downgrade | May 1, 2023 |
| Guggenheim | Buy | Buy | Maintain | Feb 22, 2023 |
| Truist Securities | Buy | Buy | Maintain | May 21, 2021 |
| Jefferies | Buy | Buy | Maintain | May 22, 2020 |
| CFRA | Hold | Hold | Maintain | May 21, 2020 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | May 18, 2020 |
| Gabelli & Co. | Buy | Hold | Upgrade | Sep 20, 2018 |
| Susquehanna | Neutral | Neutral | Maintain | Aug 25, 2016 |
| Bank of America | Neutral | Buy | Downgrade | Mar 21, 2016 |
| B of A Securities | Neutral | Buy | Downgrade | Mar 21, 2016 |
| CL King | Neutral | Sell | Upgrade | Feb 25, 2016 |
| BB&T Capital | Buy | Hold | Upgrade | Nov 26, 2013 |
| CJS Securities | Market Outperform | Market Perform | Upgrade | Sep 26, 2013 |
| Barrington Research | Outperform | Market Perform | Upgrade | Jul 3, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $29.35. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Analyst unavailable | $26 | $27.04 | -11.4% | Jul 21, 2026 |
| Jefferies | Analyst unavailable | $45 | $33.79 | +53.3% | May 22, 2026 |
| Robert W. Baird | Analyst unavailable | $48 | $37.65 | +63.5% | Feb 20, 2026 |
| Robert W. Baird | Analyst unavailable | $52 | $40.06 | +77.2% | Nov 21, 2025 |
| Barclays | John Babcock | $33 | $41.02 | +12.4% | Nov 21, 2025 |
| Barclays | Analyst unavailable | $32 | $41.34 | +9.0% | Nov 11, 2025 |
| HSBC | Wesley Brooks | $62 | $48.12 | +111.2% | Sep 4, 2025 |
| Jefferies | Bret Jordan | $63 | $54.58 | +114.7% | May 17, 2024 |
| J.P. Morgan | Analyst unavailable | $33 | $15.64 | +12.4% | Jan 13, 2023 |
| Stephens | Analyst unavailable | $18.5 | $16.04 | -37.0% | Nov 18, 2022 |
| Raymond James | Savanthi Syth | $27.5 | $30.35 | -6.3% | Apr 13, 2022 |
Track every rating change on CPRT the moment it posts. Free to start.
Start freeMarket reaction
event-close to next-session close
Stock move
-1.8%
Event window
SPY move
+0.4%
Same window
Abnormal move
-2.2%
Stock minus SPY
Volume
1.9×
Versus trailing sessions
Subsequent drift
-12.4%
Up to 20 sessions
CPRTSPY benchmark
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What changed
Revenue reached $1.24 billion, up 2.1% year-over-year, beating the consensus estimate of $1.19 billion by 3.5%. EPS of $0.43 exceeded the $0.41 estimate by 5.8%. Insurance unit volumes dipped modestly, but average selling prices rose 4.1% year-over-year to a record high. The international segment posted 5.9% unit growth and 14.1% revenue growth, led by the U.K., Germany, and Canada. New service offerings -- Title Express, long-haul delivery, and Purple Wave territory expansion -- are contributing to margin expansion and GTV growth. The company holds $5.5 billion in liquidity, carries no debt, and has repurchased over 43 million shares fiscal year-to-date.
Guidance delta
Management did not provide explicit forward guidance; the guidance sentiment was marked as not provided. However, management expressed confidence in long-term growth drivers including rising total-loss frequency, buyer network diversification across 160-plus countries, and technology investments in AI-enabled claims processing. The capex outlook was characterized as stable.
Key takeaways
- Revenue of $1.24B beat estimates by 3.5%; EPS of $0.43 beat by 5.8%.
- Average selling prices rose 4.1% YoY to a record high, offsetting modest insurance volume declines.
- International segment grew revenue 14.1% with 5.9% unit growth, led by the U.K., Germany, and Canada.
- Title Express, long-haul delivery, and Purple Wave expansion are driving margin expansion and GTV growth.
- Balance sheet remains strong: $5.5B liquidity, zero debt, 43M-plus shares repurchased fiscal YTD.
- AI-enabled tools are being deployed across claims processing, underwriting, and marketing for insurance partners.
Management priorities
- Scale AI tools across claim processing, underwriting, and marketing for insurance partners.
- Expand internationally into new markets beyond the current footprint.
- Grow the long-haul delivery offering and enhance its margin contribution.
- Continue investing in Title Express and other value-added services for sellers.
- Expand Purple Wave territory coverage toward full nationwide presence.
- Increase pure-sale insurance volume and deepen relationships with crossover buyers.
Related earnings events
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Sources
- Earnings call transcript and parsed analysis · 2026-05-22T16:17:11.150858+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-30T16:11:02.181126+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-30T16:11:02.178422+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.