Equity Profile

CPRT

Copart, Inc.

IndustrialsDiversified Support Services$25.4B

May21Thu

Post-Earnings Recap

ReportedQ3-2026After Close4:15 PM EDT

Copart Beats on EPS, Stock Up 4.12%

Metric	Actual	Expected	Surprise
EPS	$0.43	$0.41	+4.88%
Revenue	—	$1.2B	—

management commentary, guidance changes, and full analysis available with Pro.

Copart Beats on EPS, Stock Up 4.12%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.43	$0.41	+4.88%
Revenue	—	$1.2B	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Copart's earnings report shows a positive surprise in EPS, which likely contributed to the stock's 4.12% increase. However, revenue figures were not disclosed, leaving some uncertainty about overall performance. Investors may view the EPS beat as a sign of operational efficiency, but the lack of revenue data could raise questions about future growth.

Company Snapshot

Copart, Inc. is a leading provider of online vehicle auctions and related services, primarily serving the automotive industry....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and financial health, reflecting how much profit is allocated to each share of stock.

$0.41

Revenue

Revenue figures provide insight into the company's sales performance and market demand, critical for assessing growth prospects.

$1.2B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Copart, Inc. is a leading provider of online vehicle auctions and related services, primarily serving the automotive industry. As part of the industrials sector, Copart plays a crucial role in the disposal of damaged and salvage vehicles, which is significant in a market increasingly focused on sustainability and efficient resource management.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

-0.17%

Avg Stock Reaction

+0.67%

Last Quarter Recap

In the last quarter, Copart reported an EPS of $0.36, falling short of the $0.40 estimate, resulting in a slight decline in stock price. The company did not provide revenue figures for that quarter.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Copart's upcoming earnings, expecting a modest rebound in EPS and stable revenue. The consensus estimates suggest a slight improvement compared to the previous quarter.

Bull Case

If Copart can exceed the EPS estimate of $0.41, it may signal strong operational efficiency and demand, potentially driving the stock higher.

Bear Case

Conversely, if the company misses the EPS target again, it could raise concerns about its growth trajectory and operational challenges, leading to further stock declines.

Key Metrics to Watch

EPS

$0.41

Earnings per share is a key indicator of profitability and financial health, reflecting how much profit is allocated to each share of stock.

Revenue

$1.2B

Revenue figures provide insight into the company's sales performance and market demand, critical for assessing growth prospects.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Copart's EPS exceed the consensus estimate of $0.41?

A beat on EPS could indicate stronger profitability and operational efficiency, which the market will closely evaluate.

What insights can Copart provide about revenue trends in the current market?

Understanding revenue trends will help gauge the company's growth potential and market demand, crucial for investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Copart's ability to rebound from last quarter's miss, as operational efficiencies could drive better-than-expected results.

Supporting Evidence

Despite recent misses, Copart has historically maintained a strong EPS beat rate of 75%.

The options market is pricing a larger move than historical averages, suggesting that investors expect significant news.

Insider selling could indicate a cautious outlook, but it may not reflect the broader operational performance.

Key Risk

If revenue trends show stronger demand than anticipated, it could challenge the consensus view.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Copart's ability to maintain profitability and revenue growth amid fluctuating demand in the automotive sector.

Bull Confirmed If

An EPS of $0.42 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $0.39 would validate the bear case, raising concerns about the company's growth trajectory.

Pre-Earnings Positioning

Options Market

Implied Move

±7.14%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a significant move around the earnings announcement, indicating heightened uncertainty or anticipation among investors.

Options are pricing ±7.1% while CPRT has averaged ±2.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

16.6%

Calls (37K)P/C Ratio: 1.29Puts (112K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Copart beats expectations, history suggests a potential stock increase of around +0.18%, confirming positive operational momentum.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss on EPS could lead to a decline of approximately -0.57%, reflecting investor disappointment and concerns over future growth.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on revenue trends and demand for vehicle auctions.
2Insights into operational efficiencies and cost management strategies.
3Updates on market conditions affecting the automotive sector.
4Management's outlook on future growth and profitability.
5Responses to analyst questions regarding competitive pressures.

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Company Snapshot

Copart, Inc. is a leading provider of online vehicle auctions and related services, primarily serving the automotive industry....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and financial health, reflecting how much profit is allocated to each share of stock.

$0.41

Revenue

Revenue figures provide insight into the company's sales performance and market demand, critical for assessing growth prospects.

$1.2B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

-0.17%

Avg Stock Reaction

+0.67%

Last Quarter Recap

In the last quarter, Copart reported an EPS of $0.36, falling short of the $0.40 estimate, resulting in a slight decline in stock price. The company did not provide revenue figures for that quarter.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Copart can exceed the EPS estimate of $0.41, it may signal strong operational efficiency and demand, potentially driving the stock higher.

Bear Case

Conversely, if the company misses the EPS target again, it could raise concerns about its growth trajectory and operational challenges, leading to further stock declines.

Key Metrics to Watch

EPS

$0.41

Earnings per share is a key indicator of profitability and financial health, reflecting how much profit is allocated to each share of stock.

Revenue

$1.2B

Revenue figures provide insight into the company's sales performance and market demand, critical for assessing growth prospects.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Copart's EPS exceed the consensus estimate of $0.41?

A beat on EPS could indicate stronger profitability and operational efficiency, which the market will closely evaluate.

What insights can Copart provide about revenue trends in the current market?

Understanding revenue trends will help gauge the company's growth potential and market demand, crucial for investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Copart's ability to rebound from last quarter's miss, as operational efficiencies could drive better-than-expected results.

Supporting Evidence

Despite recent misses, Copart has historically maintained a strong EPS beat rate of 75%.

The options market is pricing a larger move than historical averages, suggesting that investors expect significant news.

Insider selling could indicate a cautious outlook, but it may not reflect the broader operational performance.

Key Risk

If revenue trends show stronger demand than anticipated, it could challenge the consensus view.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Copart's ability to maintain profitability and revenue growth amid fluctuating demand in the automotive sector.

Bull Confirmed If

An EPS of $0.42 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $0.39 would validate the bear case, raising concerns about the company's growth trajectory.

Pre-Earnings Positioning

Options Market

Implied Move

±7.14%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a significant move around the earnings announcement, indicating heightened uncertainty or anticipation among investors.

Options are pricing ±7.1% while CPRT has averaged ±2.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

16.6%

Calls (37K)P/C Ratio: 1.29Puts (112K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Copart beats expectations, history suggests a potential stock increase of around +0.18%, confirming positive operational momentum.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss on EPS could lead to a decline of approximately -0.57%, reflecting investor disappointment and concerns over future growth.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on revenue trends and demand for vehicle auctions.
2Insights into operational efficiencies and cost management strategies.
3Updates on market conditions affecting the automotive sector.
4Management's outlook on future growth and profitability.
5Responses to analyst questions regarding competitive pressures.