Copart, Inc. (NASDAQ: CPRT), a market leader in online vehicle auctioning, has reported an increase in sales and net income for the first quarter of fiscal 2026.
Total service revenues and vehicle sales increased modestly to $1.16 billion in Q1 from $1.15 billion in the prior-year quarterNet income attributable to the company rose to $403.7 million or $0.41 per share from $362.1 million or $0.37 per share last yearFirst-quarter gross profit increased about 5% to $537 million from $512 million in the year-ago quarterOperating income was $430.7 million in the October quarter, vs. $512.1 million in Q1 2025Q1 operating expenses declined 2.2% to $724.3 million from $740.5 million last yearService revenue and vehicle sales increased by 0.6% and 1.7%, respectively, from the year-ago quarterNet cash provided by operating activities was $535.3 million in Q1, vs. $482.3 million last year
The post Earnings Summary: Highlights of Copart’s Q1 2026 report first appeared on AlphaStreet.
