Copart stock holds near a yearly high as margins stay firm.

Copart stock holds near a yearly high as the salvage-auction operator continues to show steady profitability and revenue growth in its latest reported quarter.

Copart Inc. (US2172041061) is trading near its 52-week high after the company reported revenue of $1.13 billion for fiscal Q3 2026, up 7.5% year over year, and net income of $406.6 million, compared with $376.4 million a year earlier.

Revenue up 7.5%

The latest quarterly figures show Copart's scale remained intact in fiscal Q3 2026, with revenue of $1.13 billion and net income of $406.6 million. The year-over-year comparison matters for the stock because it points to continued operating leverage even as the business model stays tied to vehicle volumes and insurance-linked supply.

Profit margin stays high

Copart also posted diluted earnings per share of $0.42 in fiscal Q3 2026, versus $0.38 a year earlier, while gross profit reached $513.9 million. That combination kept the margin profile attractive for a company whose auction platform depends more on throughput and pricing discipline than on heavy balance-sheet expansion.

52-week high nearby

Market context adds a second layer: Copart shares were recently near their 52-week high, a signal that the market continues to reward the company for consistency rather than speed. For investors, the key question is whether the current valuation can keep up with earnings growth if the next quarters remain close to the Q3 2026 pattern.

Salvage auctions matter

Copart's core salvage-auction platform remains the product story behind the numbers. The company's online and auction-based remarketing model is what turns vehicle inventory, title processing, and buyer demand into the revenue and profit figures that the market is now valuing so highly.

Price near yearly high

Copart stock was last referenced near its 52-week high in market data tied to the latest trading context, while the most recent reported quarter showed revenue of $1.13 billion, net income of $406.6 million, and diluted EPS of $0.42. Those figures keep the focus on execution rather than on a single catalyst.

Copart Inc. key facts

• Company: Copart Inc.
• ISIN: US2172041061
• Ticker: NASDAQ: CPRT
• Trading venue: NASDAQ
• Sector / Industry: Industrials / Commercial Services & Supplies
• Index membership: Nasdaq 100