European Investor
11 Sep 2026, 09:18
Copart Stock Jumps 7.3% Premarket Despite Lower Q4 Profit
Copart shares jumped 7.3% in premarket trading Friday after the online vehicle auction company reported fiscal fourth-quarter and full-year 2026 results.
For the quarter ended July 31, revenue increased 2.4% year-over-year to $1.2 billion. However, profitability weakened, with gross profit falling 5.5% to $481.4 million and net income declining 17.4% to $327.4 million. Diluted EPS fell 14.6% to $0.35 from $0.41 a year earlier.
For the full fiscal year, revenue edged 0.4% higher to $4.7 billion. Gross profit declined 0.8% to $2.1 billion, while net income fell 4.4% to $1.5 billion. Full-year diluted EPS decreased 2.5% to $1.55.
Despite the year-over-year declines in earnings and margins, the strong premarket reaction suggests investors found the results more favorable than feared heading into the report. The key focus now shifts to Copart’s ability to restore profit growth and improve margins as it enters fiscal 2027.
Copart shares jumped 7.3% in premarket trading Friday after the online vehicle auction company reported fiscal fourth-quarter and full-year 2026 results.
For the quarter ended July 31, revenue increased 2.4% year-over-year to $1.2 billion. However, profitability weakened, with gross profit falling 5.5% to $481.4 million and net income declining 17.4% to $327.4 million. Diluted EPS fell 14.6% to $0.35 from $0.41 a year earlier.
For the full fiscal year, revenue edged 0.4% higher to $4.7 billion. Gross profit declined 0.8% to $2.1 billion, while net income fell 4.4% to $1.5 billion. Full-year diluted EPS decreased 2.5% to $1.55.
Despite the year-over-year declines in earnings and margins, the strong premarket reaction suggests investors found the results more favorable than feared heading into the report. The key focus now shifts to Copart’s ability to restore profit growth and improve margins as it enters fiscal 2027.
