Copart beats third quarter 2026 estimates with 2.1% revenue growth and expanding gross margins.

Copart reported third quarter fiscal 2026 revenue of $1.24 billion, an increase of 2.1% year-over-year, and a diluted EPS of $0.43. The results beat analyst expectations for both revenue and earnings, signaling a potential stabilization in operations.

Key Highlights

• Revenue for the quarter increased 2.1% year-over-year to $1.24 billion, driven by growth in both service revenues and vehicle sales.
• Gross profit grew 3.7% to $572.6 million, outpacing revenue growth and indicating margin expansion in the core business.
• Diluted EPS increased 2.4% to $0.43, though net income attributable to Copart saw a slight decline of 1.0% to $402.4 million.