Copart Q1 Earnings Surpass Expectations, Revenues Increase Y/Y

Copart, Inc. CPRT reported first-quarter fiscal 2026 (ended Oct. 31, 2025) adjusted earnings per share of 41 cents, which beat the Zacks Consensus Estimate of 40 cents. The bottom line increased 10.8% year over year. The online auto auction leader generated revenues of $1.16 billion, missing the Zacks Consensus Estimate of $1.19 billion. The top line, however, rose 0.7% from the year-ago reported figure.Copart, Inc. Price, Consensus and EPS Surprise Copart, Inc. price-consensus-eps-surprise-chart | Copart, Inc. QuoteKey Tidbits of CPRT’s Q1 ResultsCopart’s fiscal first-quarter service revenues were $991.8 million, which increased from $986.3 million recorded in the year-ago period. However, the figure missed the Zacks Consensus Estimate of $1.02 billion. Service revenues accounted for 85.9% of total revenues.Vehicle sales totaled $163.2 million in the quarter, which rose from the prior-year quarter’s $160.5 million and topped the Zacks Consensus Estimate of $149 million.While facility operations expenses declined 4.5% year over year to $427.2 million, the cost of vehicle sales rose 2.4% to $141.5 million. Facility depreciation and amortization came in at $47.4 million, down 0.2% year over year. Facility stock-based compensation increased 6.1% to $1.94 million.Gross profit was up 4.9% year over year to $537 million. General and administrative expenses rose 1.4% from the prior-year quarter to $92.3 million. Total operating expenses fell 2.2% to $724.3 million.Operating income rose to $430.7 million from $406.4 million recorded in the year-ago quarter. Net income also grew 11.4% year over year to $402.2 million.Copart had cash, cash equivalents and restricted cash of $5.2 billion as of Oct. 31, 2025, compared with $2.78 billion as of July 31, 2025.Net cash from operating activities and capex during the first three months of fiscal 2026 totaled $535.2 million and $108 million, respectively.Copart’s Zacks Rank & Key PicksCPRT carries a Zacks Rank #3 (Hold) at present.Some better-ranked stocks in the auto space are General Motors Company GM, OPENLANE, Inc. KAR and Garrett Motion Inc. GTX, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for GM’s 2025 and 2026 EPS has improved 4 cents and 11 cents, respectively, in the past seven days.The Zacks Consensus Estimate for KAR’s 2025 sales and earnings implies year-over-year growth of 9.4% and 48.2%, respectively. EPS estimates for 2025 and 2026 have improved 9 cents and 11 cents, respectively, in the past 30 days.The Zacks Consensus Estimate for GTX’s 2025 sales and earnings implies year-over-year growth of 2.6% and 16.7%, respectively. EPS estimates for 2025 and 2026 have improved 11 cents and 25 cents, respectively, in the past 30 days. 5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Copart, Inc. (CPRT): Free Stock Analysis Report OPENLANE, Inc. (KAR): Free Stock Analysis Report Garrett Motion Inc. (GTX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks