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Copart Inc (CPRT)
NASDAQ:CPRT
Earnings Data
Report Date
Sep 03, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
0.36Last Year’s EPS
0.33Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 22, 2025
|% Change Since: -11.52%
|Next Earnings Date:Sep 03, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth, particularly in the US and international segments, as well as strategic investments to enhance storm preparedness. However, challenges such as decreased global inventory levels, softness in the heavy equipment auction space, and a decline in purchased vehicle sales present notable concerns.Company Guidance
During Copart's third-quarter fiscal 2025 earnings call, CEO Jeff Liaw highlighted several key metrics and strategic initiatives. The company's global insurance volume experienced a nominal decline of 0.3% year-over-year in unit sales, while U.S. insurance units saw a 0.9% decrease. However, accounting for the extra business day in leap year 2024, global insurance and U.S. insurance units sold actually grew by 1.3% and 0.6%, respectively. Total loss frequency in the U.S. increased to 22.8%, up 100 basis points compared to the previous year. Copart's global unit sales increased by 1%, and on a per-business-day basis, the growth was over 2%. The company's revenues also saw substantial growth, with global service revenue rising over 9% from the third quarter of 2024. The call emphasized Copart's ongoing investments in real estate, technology, and operational readiness, including the acquisition of Hall Ranch in South Florida, which offers nearly 400 acres for vehicle storage, anticipating an active storm season. CFO Leah Stearns noted that U.S. insurance ASPs increased over 2%, and international segment insurance ASPs rose approximately 5%. Despite a 10% decline in global inventory, Copart expressed confidence in the long-term growth driven by rising total loss frequency and continued investment in operational efficiency. The company's GAAP net income increased by over 6% to $407 million, or $0.42 per diluted share, with a tax rate of just over 19%.Increase in Global Revenue
Global revenue increased to $1.2 billion, with global service revenue rising over 9% compared to the third quarter of 2024.
US and International Segment Performance
US service revenue grew by 8% while international service revenue grew by about 18%.
Growth in BlueCar and Dealer Sales Volume
BlueCar experienced year-over-year growth of almost 14%, while dealer sales volume grew over 3% year over year.
Increase in Global ASPs
Global ASPs increased by approximately 3% for the quarter compared to the year-ago period.
Significant Liquidity
Copart ended the quarter with over $5.6 billion of liquidity.
Strategic Acquisition for Storm Preparation
Acquisition of Hall Ranch in South Florida provides nearly 400 acres for vehicle storage, enhancing storm readiness.
CPRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CPRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 22, 2025 | $60.66 | $53.67 | -11.52% |
Feb 20, 2025 | $58.22 | $56.59 | -2.80% |
Nov 21, 2024 | $56.90 | $62.70 | +10.19% |
Sep 04, 2024 | $53.05 | $49.51 | -6.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Copart Inc (CPRT) report earnings?
Copart Inc (CPRT) is schdueled to report earning on Sep 03, 2025, TBA Not Confirmed.
What is Copart Inc (CPRT) earnings time?
Copart Inc (CPRT) earnings time is at Sep 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPRT EPS forecast?
CPRT EPS forecast for the fiscal quarter 2025 (Q4) is 0.36.