Copart (NASDAQ: CPRT) Reports Q3 Fiscal 2026 EPS of $0.43, Beats Estimates on Revenue and Profit

Copart, Inc. (NASDAQ: CPRT) reported third-quarter fiscal 2026 financial results on May 21, 2026, posting EPS of $0.43 and revenue of $1.237 billion, both ahead of Wall Street expectations. The results represented a 5.5% beat on the GAAP profit consensus and a 2.1% year-over-year increase in sales. Shares closed up 4.12% on May 21 before the after-hours release, but subsequently dipped approximately 2% in after-hours trading following the announcement.

Q3 Fiscal 2026 Results

• EPS: $0.43 per share, beating the analyst consensus estimate of $0.41 by 2.38%
• Revenue: $1.237 billion, exceeding the $1.195 billion consensus estimate
• Sales growth: Revenue rose 2.1% year over year
• EPS comparison: The $0.43 reported represents a 2.38% increase over the $0.42 EPS reported in the same quarter of the prior year
• Filing: Results were disclosed via an 8-K filed with the SEC on May 21, 2026, covering the quarter ended April 30, 2026

What Drove the Results

Copart's quarterly performance reflected modest but consistent growth in its online vehicle auction business, with both top- and bottom-line figures clearing analyst expectations despite what sources characterized as marginal overall growth. According to ChartMill, net income saw a slight decline versus the prior-year period even as EPS edged higher, a dynamic that contributed to cautious after-hours sentiment.

The revenue beat of roughly $42 million above consensus suggests the company's auction volumes held firm enough to offset any headwinds during the quarter, though the pace of expansion remained measured. The results mark the company's fiscal third quarter, covering the period ended April 30, 2026.

Wall Street View

Analyst sentiment heading into the print leaned constructive. As of May 1, 2026, the consensus stood at 5 Strong Buy, 7 Buy, 7 Hold, and 1 Sell recommendation — a distribution unchanged from the April 1 snapshot, indicating no meaningful shift in conviction ahead of the report. No updated price targets were available following the earnings release.

Investor Takeaway

Copart's Q3 fiscal 2026 results confirmed the company can clear near-term expectations, with EPS and revenue both finishing above consensus, but the marginal growth trajectory and a slight dip in net income leave little room for multiple expansion in the near term. The after-hours pullback following a beat suggests the market expected a wider margin of outperformance. With a majority of covering analysts holding Buy or Strong Buy ratings as of May 1, 2026, the longer-term constructive case remains intact even as the pace of growth invites scrutiny.