Copart shares tumble as quarterly profit and revenue miss expectations on lower vehicle volumes
The online auction provider reported a drop in second-quarter profit as vehicle volumes softened. Shares fell over ten percent following the revenue decline.
Insights:
Copart, Inc. reported a decline in its second-quarter profit and revenue on Thursday, as the company faced a reduction in vehicle sales and service volumes. The financial results for the period ended January 31, 2026, triggered an immediate reaction from investors, with the company's share price falling by more than 10% in aftermarket trading. This sharp decline reflects market concerns over the reduced operating volumes reported by the salvage auction giant.
The quarterly report detailed a drop in profit to $0.36 per share, down from the $0.40 per share recorded during the same period a year earlier. Total revenue for the quarter also saw a contraction, falling 3.6% to $1.12 billion. These figures highlight a challenging environment for the company, which is based in the US 
US, as it navigates a period of lower activity across its core business segments.
US, as it navigates a period of lower activity across its core business segments.
