Short answer
Copart (CPRT) filed its Q1 2026 10-Q quarterly report on Mar 3, 2026 for the quarter ended Jan 31, 2026. Quarterly revenue was $1.1B (down 3.6% year over year) with net income of $351M.
Q1 2026 key financials · XBRL
- Revenue
- $1.1B
- −3.6% YoY · −2.9% QoQ
- Net income
- $351M
- −9.5% YoY · −13.1% QoQ
- Operating margin
- 34.7%
- EPS (diluted)
- $0.36
- −10.0% YoY · −12.2% QoQ
Source: XBRL data from the Copart (CPRT) Q1 2026 10-Q on SEC EDGAR. USD.
Copart Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Total service revenue Q2 FY2026 $952M, down 4.0% YoY; US -$48.7M (-5.6%), offset by International +$9.4M (+7.7%)
- US segment worst performer; revenue decline driven by absence of one-time hurricane Helene/Milton revenue from Q2 FY2025
- International best performer; +7.7% revenue growth, though volume declined: gains driven by higher revenue per car
- Cash $5.1B at Jan 31, 2026, up 83.5% from $2.78B at Jul 31, 2025; capex $182M vs $355M YoY (-48.6%); $218M deployed in share buybacks
- No updated guidance provided; management flagged continued seasonal volume uplift and ongoing evaluation of dividends, acquisitions, and additional buybacks
Risk Factors
- DOJ money-laundering investigation ongoing; Company cooperating, faces potential fines, criminal/civil proceedings, and reputational harm affecting customer retention
- Brazil regulatory risk explicitly elevated this quarter; new proposals specifically heighten operational risks for Copart's Brazil operations
- No foreign currency hedging in place; exposure to GBP, CAD, BRL, EUR, and Middle East currencies creating unhedged revenue/earnings volatility
- Customer concentration risk: no single customer >10% of revenue, but limited number of sellers collectively represent substantial portion of consolidated revenues
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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