Copart Q2 Earnings Miss Expectations, Revenues Decline Y/Y

Key Takeaways CPRT reported Q2 EPS of 36 cents, missing estimates as revenues dipped 3.6% to $1.12B.CPRT service revenues fell to $952.1M, while vehicle sales rose above estimates to $169.6M.Copart's operating income dropped 8.8% and net income fell 9.5%, despite $5.1B cash on hand.Copart, Inc. (CPRT) reported second-quarter fiscal 2026 (ended Jan. 31, 2026) adjusted earnings per share of 36 cents, which missed the Zacks Consensus Estimate of 40 cents. The bottom line declined 10% year over year. The online ...