Copart (NASDAQ: CPRT) Delivers Strong Q3 Earnings and Healthy Financials

Font: Financial Modeling Prep  • May 22, 2026

• Copart (NASDAQ: CPRT) exceeded analyst expectations for both EPS and revenue in its third fiscal quarter, showcasing robust financial performance.
• Despite a 2.7% drop in global insurance unit sales, the company maintains a strong long-term growth outlook, driven by rising vehicle repair costs in the salvage vehicle market.
• The company demonstrates a solid financial position with a very low debt-to-equity ratio of 0.01 and a strong current ratio of 7.61, indicating excellent liquidity and financial stability.

Copart (NASDAQ: CPRT) is a global company that runs online vehicle auctions. It specializes in selling salvage vehicles, which are often damaged and sold by insurance companies, banks, and rental car companies. Copart provides a platform for these sellers to reach a wide range of buyers, including vehicle dismantlers, rebuilders, and used car dealers.

On May 21, 2026, Copart announced strong results for its third fiscal quarter. The company reported an earnings per share (EPS) of $0.43, which was higher than the analyst estimate of $0.41. EPS shows how much profit the company makes for each share of its stock.

The company’s revenue also beat expectations. It came in at $1.24 billion, surpassing the consensus estimate of $1.19 billion. As highlighted by Business Wire, this represents a 2.1% increase in revenue compared to the same period last year. The company’s gross profit grew 3.7% to $572.6 million.

These positive results occurred even with a drop in insurance unit sales. As noted by MarketBeat, CEO Jeff Liaw stated that global insurance unit sales fell by 2.7%. He explained that this is due to lower accident claims but believes long-term growth remains strong because of rising vehicle repair costs.

Copart shows a healthy financial position. The company has a very low debt-to-equity ratio of 0.01, meaning it has very little debt compared to its value. It also has a strong current ratio of 7.61, which indicates it can easily pay its short-term bills.