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Copart (CPRT) Q1 2026 10-Q Quarterly Report

Filed: Mar 3, 2026Period ending Jan 31, 2026
Consumer Discretionary
Retail-Auto Dealers & Gasoline StationsSEC EDGAR
Copart Overview

Copart (CPRT) 10-Q quarterly report for Q1 2026, filed with SEC EDGAR on Mar 3, 2026 for the fiscal period ending Jan 31, 2026. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Copart Q1 2026 10-Q Analysis

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

Copart Q1 2026 Quarterly Financials
XBRL

Revenue

$1.1B

▼ -3.6% YoY▼ -2.9% QoQ

Net Income

$351M

▼ -9.5% YoY▼ -13.1% QoQ

Operating Margin

34.7%

▼ -198bp YoY▼ -263bp QoQ

Net Margin

31.3%

▼ -203bp YoY▼ -368bp QoQ

ROE

3.6%

▼ -62bp QoQ

Total Assets

$10.6B

▲ +0.1% QoQ

EPS (Diluted)

$0.36

▼ -10.0% YoY▼ -12.2% QoQ

Operating Cash Flow

$128M

▼ -28.4% YoY▼ -76.2% QoQ

Source: XBRL data from Copart Q1 2026 10-Q filing on SEC EDGAR. All figures in USD.

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