Copart stock falls 2.86 percent as profit drops
Published on 09/24/2026 at 23:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Copart stock (CPRT) was trading at USD 28.04 on Nasdaq on September 24, 2026 at 4:00 p.m. ET, down 2.86 percent. The company reported fiscal 2026 revenue of USD 4.7 billion, up 0.4 percent from fiscal 2025, while net income fell 4.4 percent to USD 1.5 billion, according to Copart on September 10, 2026.
Revenue growth stays limited
The fiscal 2026 top-line gain was modest at 0.4 percent, despite Copart's global online vehicle auction platform. The company generated USD 4.7 billion in revenue for the year ended July 31, 2026, compared with USD 4.6 billion in fiscal 2025.
The fourth quarter provided a clearer split. Revenue increased 2.4 percent to USD 1.2 billion, but net income attributable to Copart declined 17.4 percent to USD 327.4 million, while diluted earnings per share fell 14.6 percent to USD 0.35 from USD 0.41, the company said in its fiscal 2026 results.
Profit decline drives the contrast
Copart's annual revenue expansion therefore came with weaker profitability. Gross profit decreased 0.8 percent to USD 2.1 billion in fiscal 2026, and operating income declined 2.6 percent to USD 1.7 billion, according to Yahoo Finance on September 15, 2026.
The quarterly earnings comparison was also weaker than the sales comparison. Investing.com reported that adjusted EPS of USD 0.35 missed consensus of USD 0.39, even as revenue of USD 1.15 billion exceeded the USD 1.14 billion estimate on September 10, 2026.
Nasdaq price remains near yearly low
At USD 28.04, Copart stock stood USD 1.23 above its 52-week low of USD 26.81 and USD 17.85 below its 52-week high of USD 45.89 on September 24, 2026. The market capitalization was USD 25,959,753,955 on the same date.
Copart stock key data
- Company: Copart, Inc.
- Ticker: CPRT
- Trading venue: Nasdaq
- Price as of September 24, 2026 at 4:00 p.m. ET: USD 28.04
- Market capitalization: USD 25,959,753,955 as of September 24, 2026
- 52-week range: USD 26.81-45.89 as of September 24, 2026
- Sector / Industry: Industrials / Specialty Business Services
