Summary
Copart, Inc. (CPRT) reported a modest increase in total service revenues and vehicle sales for the three months ended October 31, 2025, compared to the prior year. While U.S. service revenues saw a slight dip, this was offset by strong growth in international service revenues, driven primarily by higher revenue per car. Total vehicle sales also increased, largely due to a significant rise in the U.S. market. The company demonstrated improved operational efficiency with a decrease in total facility operations expenses, primarily in the U.S., although international facility costs increased due to processing more cars and facility investments. Net income experienced a healthy increase, benefiting from higher operating income and a substantial boost in other income, largely attributable to increased interest income from U.S. Treasury Bills and currency gains. Liquidity remains robust, with cash, cash equivalents, and restricted cash significantly increasing, bolstered by strong operating cash flows and strategic investments in U.S. Treasury Bills. The company continues to focus on expanding its global footprint and evaluating various uses for its substantial cash reserves, including potential stock repurchases, acquisitions, and dividends.
Financial Highlights
45 data points| Revenue | $1.16B |
| Operating Expenses | $724.34M |
| Operating Income | $430.69M |
| Net Income | $403.71M |
| EPS (Basic) | $0.42 |
| EPS (Diluted) | $0.41 |
| Shares Outstanding (Basic) | 967.65M |
| Shares Outstanding (Diluted) | 977.10M |
Key Highlights
- 1Total service revenues grew by 0.6% to $991.8 million, with international service revenues up 7.9% driven by higher revenue per car, while U.S. service revenues slightly decreased by 0.5%.
- 2Total vehicle sales increased by 1.7% to $163.2 million, primarily due to a 10.9% rise in U.S. vehicle sales driven by increased revenue per car.
- 3Total facility operations expenses decreased by 4.0% to $476.5 million, with a notable 5.9% decrease in the U.S. driven by the absence of hurricane-related costs from the prior year.
- 4Operating income improved to 38% of service revenues and vehicle sales, up from 36% in the prior year.
- 5Net income increased to 35% of service revenues and vehicle sales, compared to 31% in the prior year, reflecting improved operational leverage and other income.
- 6Other income surged by 25.5% to $56.4 million, primarily due to higher interest income from U.S. Treasury Bills and currency gains.
- 7Cash, cash equivalents, and restricted cash significantly increased by 88.2% to $5.2 billion, indicating strong liquidity and efficient cash management.