Coverage summary
Aardvark Labs Capital Research has covered Copart (CPRT) since September 5, 2025. The company is in the Industrials sector. This page lists 5 reports: 5 earnings recaps.
The latest is the Q4 FY26 Earnings Recap, published September 11, 2026. That report moved the rating from Outperform to Hold. The rating has changed twice since coverage began.
Translations: 5 in Chinese.
The Excel model for CPRT holds 23 quarters and 5 fiscal years of history and 9 quarters and 5 fiscal years of projections. It was last updated September 27, 2026.
Rating history
All CPRT reports
Recap: Q4 FY26
Negative Operating Leverage Arrives, the Buyback Goes Dark, and $1.9B Goes to ACV: Downgrading Copart to Hold
Recap: Q3 FY26
Double-Beat, Ex-Cat Units at -3.0% (Third Sequential Improvement), Buyback Accelerated to $1.6B YTD — Maintaining Outperform
Recap: Q2 FY26
Ex-Cat Units Inflect +240 bps to -4.8%, Buyback Initiated at $500M+, Stock at 12-Month Low — Upgrading to Outperform
Recap: Q1 FY26
U.S. Insurance Units Worsen to -7.3% Ex-Cat, Margin Hits All-Time High, Cash Balloons to $5.2B Without a Return Plan — Maintaining Hold
Recap: Q4 FY25
U.S. Insurance Units Turn Negative for the First Time, $4.8B Cash Pile Has No Plan — Initiating at Hold (Constructive Bias)