COPART INC — Form 8-K
Filed September 10, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 32/100
What the filing says
For fiscal year ended July 31, 2026, Copart reported total revenues of $4.7B (up 0.4% YoY) but net income fell to $1.484B (down 4.4% YoY); diluted EPS declined to $1.55 from $1.59. Q4 specifically showed revenue of $1.2B (up 2.4%) but net income of $327.4M (down 17.4% YoY) and EPS of $0.35 (down from $0.41). Gross profit margin compressed: full-year gross profit $2.083B (down 0.8%), Q4 gross profit $481.4M (down 5.5%), driven by facility operations cost increases of 7.7% in Q4 and 0.6% for the year. Company repurchased $1.633B in stock during the year.
Why this rating
Modest absolute profit decline (~$68M net income YoY) represents ~0.13% of market cap; routine earnings softness, not trajectory-altering for $51B company. Margin compression and cost pressures warrant attention but are within normal business variation.
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