Copart Reports Q4 Earnings with Revenue Growth and International Expansion
Copart reported a 2.4% year-over-year increase in fourth-quarter revenue to $1.2 billion, driven by higher selling prices and international expansion despite lower global unit sales. However, profitability weakened as net income fell 17.4% to $327.4 million and operating income declined 10.6%. International units sold rose 10%, contributing to a roughly 12% increase in both revenue and gross profit from overseas operations. The company announced an all-cash acquisition of ACV, a digital automotive marketplace, expected to close by year-end. CEO Jay Adair emphasized international expansion, domestic whole-car sales growth, and technology as key strategic pillars for Copart's future success. CFO Leah Stearns noted that the prior-year period included a $13 million gain on asset disposals, which contributed to weaker net-income performance in Q4 2026. Global units sold declined by 2.9%, with U.S. sales down 5.7% and international up 10%. Adair attributed the drop in domestic insurance volume partly to a lost customer but noted that total-loss frequency reached record levels, indicating potential for future growth.
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