Copart, Inc. (NASDAQ: CPRT) announced its financial results for the fourth quarter of fiscal year 2026, which ended July 31, 2026. The company reported total service revenues and vehicle sales of $1.152 billion for the three months ended July 31, 2026, representing an increase of 2.4% compared to the same period in the prior year.
Gross profit for the quarter was $481.4 million, a decrease of 5.5% year-over-year. Net income attributable to Copart, Inc. was $327.4 million, down 17.4% from the prior year. Consequently, fully diluted earnings per share declined to $0.35 from $0.41 in the same period last year.
For the full fiscal year ended July 31, 2026, total service revenues and vehicle sales reached $4.666 billion, an increase of 0.4% compared to the prior year. Gross profit for the year was $2.084 billion, a decrease of 0.8%. Net income attributable to Copart, Inc. was $1.484 billion, a decrease of 4.4%. Fully diluted earnings per share for the year ended July 31, 2026, were $1.55, down from $1.59 the previous year.
The company reported cash, cash equivalents, and restricted cash of $1.908 billion as of July 31, 2026, compared to $2.781 billion at the end of the prior fiscal year. Copart also noted that it repurchased $1.633 billion of common stock during the fiscal year.
