Copart earnings date and guidance
MyStockButler's October 2026 analysis: Copart's next results are expected on November 19, 2026. Watch whether Copart's ACV acquisition creates value and whether buyer checks affect costs or access.
What has Copart guided for the year?
Chief executive Jay Adair declined to provide earnings guidance on the September 10 results call. Management instead named customer satisfaction, buyer participation and cost control as priorities. It offered no numerical earnings or margin target, so investors cannot compare the eventual result with a promised destination.
The practical test is whether stronger auctions and growth investments eventually produce more cash after their costs. Management has offered an intention to improve, but not a dated, measurable commitment.
What is Copart's revenue and profit trend?
The latest quarter’s net-income decline included a prior-year disposal gain and lower current interest income after substantial share repurchases. Neither explains the fall in operating income. Operating cash flow and free cash flow also weakened, and July had the lowest gross margin among the eight quarters shown.
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,152,439 | 1,237,066 | 1,121,674 | 1,155,030 | 1,125,097 | 1,211,716 | 1,163,316 | 1,146,829 |
| Gross margin | 41.8% | 46.3% | 43.9% | 46.5% | 45.3% | 45.6% | 45.2% | 44.7% |
| Operating income | 368,904 | 464,282 | 388,710 | 430,694 | 412,591 | 451,545 | 426,211 | 406,367 |
| Net income | 327,423 | 402,401 | 350,732 | 403,714 | 396,354 | 406,609 | 387,400 | 362,086 |
| EPS, diluted | 0.35 | 0.43 | 0.36 | 0.41 | 0.41 | 0.42 | 0.40 | 0.37 |
| = Free cash flow | 278,731 | 503,305 | 57,882 | 427,211 | 350,835 | 572,923 | 61,486 | 245,516 |
What this means. The cash figures are quarterly amounts calculated from year-to-date reports, so they are not six-, nine-, or twelve-month totals.
What should I watch in Copart's next results?
The next results discussion should establish the investment amounts, implementation dates and a consistent earnings timetable. Analysts estimate the next report around November 19, 2026, but Copart has not confirmed that date. Because ACV closed late in Copart’s October quarter, the first report will include only a short period of ownership. It should establish a starting position rather than show mature integration results.
A resolution could require more demanding buyer checks. Those checks might add work or slow bidding, which matters because buyer participation is central to Copart’s strategy. The company therefore has enough financial capacity to pursue its plan, but the plan will be judged by the cash it produces, the value ACV creates and the conditions attached to resolving the investigation.