Webull beats Q3 expectations as revenue jumps 55% on strong trading
DALLAS - Copart, Inc. (NASDAQ:CPRT) shares fell 2% after the online vehicle auction company reported first quarter revenue that missed analyst expectations, despite posting better-than-expected earnings.
The company reported revenue of $1.16 billion for the quarter ended October 31, 2025, falling short of the $1.18 billion consensus estimate, though it represented a slight 0.7% increase YoY. Copart’s adjusted earnings per share came in at $0.41, beating analyst expectations of $0.40 and marking an 11.7% increase from $0.37 in the same period last year.
Net income attributable to Copart rose 11.5% to $403.7 million compared to the same quarter last year. The company’s gross profit increased 4.9% to $537 million, while operating income grew 6% to $430.7 million.
The company’s service revenues, which make up the bulk of total revenue, increased marginally by 0.6% to $991.8 million. Vehicle sales revenue rose 1.7% to $163.2 million compared to the same period last year.
Copart’s international segment showed stronger growth than its U.S. operations, with international service revenues increasing 7.9% YoY to $136.3 million, while U.S. service revenues slightly decreased by 0.5% to $855.5 million.
The company ended the quarter with $5.23 billion in cash, cash equivalents, and restricted cash, a significant increase from $2.78 billion at the end of July 2025.
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