Equity Profile

CPRT

Copart, Inc.

IndustrialsDiversified Support Services$28.7B

Sep3Thu

Pre-Earnings Brief

UpcomingQ4-2026After Close5:00 PM EDT

Company Snapshot

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

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help gauge how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and attract more customers, which is vital for long-term success.

N/A

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

CPRT Q4-2026 Earnings Preview

Context

Company Snapshot

Copart, Inc. is a leading provider of online vehicle auctions and remarketing services, primarily serving the automotive industry. As part of the industrials sector, it plays a crucial role in the resale of vehicles, which is influenced by trends in consumer spending and the overall health of the automotive market.

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 Q3-2026, Copart reported an EPS of $0.43, beating expectations by nearly 5%. The stock reacted positively, gaining over 4% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, given the company's recent performance and historical ability to beat EPS estimates.

Bull Case

If Copart continues its trend of beating EPS estimates, it could signal strong operational efficiency and market demand, potentially leading to a significant stock price increase.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of slowing growth, it could lead to a negative market reaction, especially given the high implied volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to last quarter's EPS of $0.43?

The EPS figure will be a critical indicator of the company's profitability and operational performance, influencing investor sentiment.

What insights can management provide regarding revenue growth and market demand?

Understanding revenue trends and market conditions will help investors gauge the company's future prospects and stability.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Copart's ability to leverage its online auction platform for increased sales, especially in a recovering automotive market.

Supporting Evidence

The company has consistently beaten EPS estimates 75% of the time, indicating strong operational management.

The recent stock price movement suggests that investors are positioning for a positive surprise, contrary to cautious sentiment.

Key Risk

If the EPS comes in below $0.40, it could undermine the bullish sentiment and lead to a reevaluation of the company's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will help determine whether Copart can maintain its growth trajectory amidst market fluctuations.

Bull Confirmed If

An EPS of $0.45 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.40 would confirm the bear case, suggesting potential operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±15.04%

Historical Avg

±1.98%

Pricing rich

The options market is pricing in a significant move, suggesting that investors anticipate either strong performance or disappointing results.

Options are pricing a 15.04% move, while the stock has averaged only 1.98% over the last 8 quarters, indicating a rich setup.

Detail

ATM IV

0.3%

30d HV

22.9%

Calls (31K)P/C Ratio: 0.64Puts (32K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 5 of 24 (21%)

This setup has occurred 30 times across Industrials in the last 2 years. 19 of 24 (79%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.6%, with a raw directional average of +1.6% (modestly positive historical bias).

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$869,723.91

26,213 sh

1 insider

Net

$869,723.91

Net selling

Most Active Insiders· 2 open-market trades

Chief Executive OfficerLiaw Jeffrey
$869,723.91

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Copart beats expectations, history suggests the stock could rise by an average of 1.09%, confirming strong operational performance.

In-Line / Cautious

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

Miss

If the company misses expectations, history suggests a potential decline of around 0.57%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on revenue growth trends compared to previous quarters.
2Management's commentary on market demand and competitive positioning.
3Insights into operational efficiencies and cost management strategies.
4Any changes in guidance or expectations for the upcoming quarter.
5Discussion on the impact of economic conditions on vehicle sales.

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Company Snapshot

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

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help gauge how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and attract more customers, which is vital for long-term success.

N/A

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

CPRT Q4-2026 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 Q3-2026, Copart reported an EPS of $0.43, beating expectations by nearly 5%. The stock reacted positively, gaining over 4% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, given the company's recent performance and historical ability to beat EPS estimates.

Bull Case

If Copart continues its trend of beating EPS estimates, it could signal strong operational efficiency and market demand, potentially leading to a significant stock price increase.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of slowing growth, it could lead to a negative market reaction, especially given the high implied volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to last quarter's EPS of $0.43?

The EPS figure will be a critical indicator of the company's profitability and operational performance, influencing investor sentiment.

What insights can management provide regarding revenue growth and market demand?

Understanding revenue trends and market conditions will help investors gauge the company's future prospects and stability.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Copart's ability to leverage its online auction platform for increased sales, especially in a recovering automotive market.

Supporting Evidence

The company has consistently beaten EPS estimates 75% of the time, indicating strong operational management.

The recent stock price movement suggests that investors are positioning for a positive surprise, contrary to cautious sentiment.

Key Risk

If the EPS comes in below $0.40, it could undermine the bullish sentiment and lead to a reevaluation of the company's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will help determine whether Copart can maintain its growth trajectory amidst market fluctuations.

Bull Confirmed If

An EPS of $0.45 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.40 would confirm the bear case, suggesting potential operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±15.04%

Historical Avg

±1.98%

Pricing rich

The options market is pricing in a significant move, suggesting that investors anticipate either strong performance or disappointing results.

Options are pricing a 15.04% move, while the stock has averaged only 1.98% over the last 8 quarters, indicating a rich setup.

Detail

ATM IV

0.3%

30d HV

22.9%

Calls (31K)P/C Ratio: 0.64Puts (32K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 5 of 24 (21%)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$869,723.91

26,213 sh

1 insider

Net

$869,723.91

Net selling

Most Active Insiders· 2 open-market trades

Chief Executive OfficerLiaw Jeffrey
$869,723.91

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Copart beats expectations, history suggests the stock could rise by an average of 1.09%, confirming strong operational performance.

In-Line / Cautious

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

Miss

If the company misses expectations, history suggests a potential decline of around 0.57%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on revenue growth trends compared to previous quarters.
2Management's commentary on market demand and competitive positioning.
3Insights into operational efficiencies and cost management strategies.
4Any changes in guidance or expectations for the upcoming quarter.
5Discussion on the impact of economic conditions on vehicle sales.