Copart Q2 revenue falls

Reuters

Feb 20

Copart <a href="https://laohu8.com/S/QTWO">Q2</a> revenue falls

Overview

Online vehicle auctioneer's Q2 revenue fell 3.6% yr/yr
Q2 net income decreased 9.5% yr/yr

Outlook

Company did not provide specific guidance for future quarters

Result Drivers

SERVICE REVENUE DECLINE - Service revenues fell 4% yr/yr, contributing to overall revenue decline
INTEREST INCOME - Interest income increased 22.7%, providing some offset to declines in operating income
STOCK-BASED COMPENSATION - Facility stock-based compensation rose 31%, impacting operating expenses

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 EPS	Miss	$0.36	$0.39 (7 Analysts)
Q2 Net Income		$349.97 mln
Q2 Gross Profit		$492.81 mln
Q2 Operating Expenses		$732.96 mln
Q2 Operating Income		$388.71 mln
Q2 Pretax Profit		$441.05 mln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Copart Inc is $46.62, about 23.5% above its February 18 closing price of $37.75
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nBw8tx9XLa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2612235854"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2612235854\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2612235854?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-20 05:29","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2612235854","market":"nz","top_or_hot":-1,"title":"Copart Q2 revenue falls","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Copart <a href=\"https://laohu8.com/S/QTWO\">Q2</a> revenue falls</title></head><body><p><span>Overview</span></p><ul><li><p>Online vehicle auctioneer's Q2 revenue fell 3.6% yr/yr</p></li><li><p>Q2 net income decreased 9.5% yr/yr</p></li></ul><p><span>Outlook</span></p><ul><li><p>Company did not provide specific guidance for future quarters</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>SERVICE REVENUE DECLINE - Service revenues fell 4% yr/yr, contributing to overall revenue decline</p></li><li><p>INTEREST INCOME - Interest income increased 22.7%, providing some offset to declines in operating income</p></li><li><p>STOCK-BASED COMPENSATION - Facility stock-based compensation rose 31%, impacting operating expenses</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q2 EPS</p></td><td><p>Miss</p></td><td><p>$0.36</p></td><td><p>$0.39 (7 Analysts)</p></td></tr><tr><td><p>Q2 Net Income</p></td><td></td><td><p>$349.97 mln</p></td><td></td></tr><tr><td><p>Q2 Gross Profit</p></td><td></td><td><p>$492.81 mln</p></td><td></td></tr><tr><td><p>Q2 Operating Expenses</p></td><td></td><td><p>$732.96 mln</p></td><td></td></tr><tr><td><p>Q2 Operating Income</p></td><td></td><td><p>$388.71 mln</p></td><td></td></tr><tr><td><p>Q2 Pretax Profit</p></td><td></td><td><p>$441.05 mln</p></td><td></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>The current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 7 \"strong buy\" or \"buy\", 6 \"hold\" and 1 \"sell\" or \"strong sell\"</p></li><li><p>The average consensus recommendation for the online services peer group is \"buy\"</p></li><li><p>Wall Street's median 12-month price target for Copart Inc is $46.62, about 23.5% above its February 18 closing price of $37.75</p></li><li><p>The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 25 three months ago</p></li></ul><p>Press Release: <span>ID:nBw8tx9XLa</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2298321311.HKD","symbol_name":"BGF CIRCULAR ECONOMY \"A\" (HKDHDG) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260219:nL1N3ZF1CQ:1","article_id":"2612235854","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612235854","pubTimestamp":1771536563,"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 technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Copart Q2 revenue fallsOverviewOnline vehicle auctioneer's Q2 revenue fell 3.6% yr/yrQ2 net income decreased 9.5% yr/yrOutlookCompany did not provide specific guidance for future quartersResult Driver","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2298321311.HKD":"BGF CIRCULAR ECONOMY \"A\" (HKDHDG) ACC","LU0323240290.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AD\" INC","BK4585":"ETF&股票定投概念","BK4588":"碎股","LU0323239441.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AC\" ACC","BK4137":"综合支持服务","CPRT":"科帕特","IE0008368304.USD":"STEWART INVESTORS WORLDWIDE LEADERS SUSTAINABILITY FUND \"I\" (USD) ACC","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU2041044095.USD":"Blackrock Circular Economy A2 USD","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU2360108059.USD":"BGF CIRCULAR ECONOMY \"A4\" (USD) INC","LU2092937221.SGD":"Blackrock Circular Economy A2 SGD-H","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC"},"translate_title":"Copart第二季度收入下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CPRT":0.9},"content_text":"Copart Q2 revenue fallsOverviewOnline vehicle auctioneer's Q2 revenue fell 3.6% yr/yrQ2 net income decreased 9.5% yr/yrOutlookCompany did not provide specific guidance for future quartersResult DriversSERVICE REVENUE DECLINE - Service revenues fell 4% yr/yr, contributing to overall revenue declineINTEREST INCOME - Interest income increased 22.7%, providing some offset to declines in operating incomeSTOCK-BASED COMPENSATION - Facility stock-based compensation rose 31%, impacting operating expensesKey DetailsMetricBeat/MissActualConsensus EstimateQ2 EPSMiss$0.36$0.39 (7 Analysts)Q2 Net Income$349.97 mlnQ2 Gross Profit$492.81 mlnQ2 Operating Expenses$732.96 mlnQ2 Operating Income$388.71 mlnQ2 Pretax Profit$441.05 mlnAnalyst CoverageThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 7 \"strong buy\" or \"buy\", 6 \"hold\" and 1 \"sell\" or \"strong sell\"The average consensus recommendation for the online services peer group is \"buy\"Wall Street's median 12-month price target for Copart Inc is $46.62, about 23.5% above its February 18 closing price of $37.75The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 25 three months agoPress Release: ID:nBw8tx9XLaFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}