**Copart, Inc. Reports Q2 Earnings for Fiscal 2026**
Copart, Inc. (CPRT) reported second-quarter adjusted earnings per share of $0.36 for the fiscal year ending January 31, 2026, falling short of the Zacks Consensus Estimate of $0.40 and declining 10% year-over-year. The company’s revenues reached $1.12 billion, below the expected $1.18 billion and down 3.6% from last year.
Service revenues accounted for $952.1 million, missing estimates by $41.9 million and decreasing from $991.3 million a year prior. Vehicle sales totaled $169.6 million, surpassing expectations of $158 million but down from $172 million the previous year. Copart reported a net income of $350 million, a decrease of 9.5% compared to the same quarter last year. As of January 31, 2026, the company held $5.1 billion in cash and equivalents, significantly up from $2.78 billion six months prior.
