Copart's Quarterly Profit And Revenue Fall On Lower Vehicle Volumes

Reuters

8 hours ago

Feb 19 (Reuters) - Online vehicle auction services provider Copart CPRT.O on Thursday posted a decline in second-quarter profit and revenue due to lower vehicle sales and service volumes.

Shares of the company, which primarily provides auction services to sell damaged and total-loss vehicles to used-car dealers and dismantlers, fell 7% in aftermarket trading.

Growth in the number of vehicles Copart receives continues to soften as the company loses car volume to insurance companies and to consumers skimping on auto insurance amid inflationary pressures.

Profit of 36 cents per share for the second quarter ended January 31, 2026, fell from 40 cents a year ago.

The Dallas, Texas-based company's quarterly revenue fell 3.6% to $1.12 billion.

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href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-02-20 07:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Feb 19 (Reuters) - Online vehicle auction services provider Copart CPRT.O on Thursday posted a decline in second-quarter profit and revenue due to lower vehicle sales and service volumes.</p><p>Shares of the company, which primarily provides auction services to sell damaged and total-loss vehicles to used-car dealers and dismantlers, fell 7% in aftermarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ebafbcfac63226d46a73296d0c9a9ad1\" title=\"\" tg-width=\"701\" tg-height=\"824\"/></p><p>Growth in the number of vehicles Copart receives continues to soften as the company loses car volume to insurance companies and to consumers skimping on auto insurance amid inflationary pressures.</p><p>Profit of 36 cents per share for the second quarter ended January 31, 2026, fell from 40 cents a year ago.</p><p>The Dallas, Texas-based company&#39;s quarterly revenue fell 3.6% to $1.12 billion.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4137","symbol_name":"综合支持服务","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260219:nL4N3ZF23Y:1","article_id":"2612234304","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612234304","pubTimestamp":1771545534,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and 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