Post-earnings recap
Reported
Thu, May 21, 2026
EPS actual
$0.43
EPS est.
$0.41
EPS surprise
+4.88%
1-day move
+4.12%
Copart's earnings report shows a positive surprise in EPS, which likely contributed to the stock's 4.12% increase. However, revenue figures were not disclosed, leaving some uncertainty about overall performance. Investors may view the EPS beat as a sign of operational efficiency, but the lack of revenue data could raise questions about future growth.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.43 | $0.41 | +4.88% |
| Revenue | — | $1.2B | — |
No transcript is on record, and the analysis is based on numerical results only.
Copart, Inc. is a leading provider of online vehicle auctions and related services, primarily serving the automotive industry. As part of the industrials sector, Copart plays a crucial role in the disposal of damaged and salvage vehicles, which is significant in a market increasingly focused on sustainability and efficient resource management.
Last quarter
In the last quarter, Copart reported an EPS of $0.36, falling short of the $0.40 estimate, resulting in a slight decline in stock price. The company did not provide revenue figures for that quarter.
EPS beat streak
0Q
EPS beat rate
63%
Avg EPS surprise
-0.14%
Avg 1-day reaction
+0.28%
Analysts are cautiously optimistic about Copart's upcoming earnings, expecting a modest rebound in EPS and stable revenue. The consensus estimates suggest a slight improvement compared to the previous quarter.
Bull case
If Copart can exceed the EPS estimate of $0.41, it may signal strong operational efficiency and demand, potentially driving the stock higher.
Bear case
Conversely, if the company misses the EPS target again, it could raise concerns about its growth trajectory and operational challenges, leading to further stock declines.
Key metrics to watch
EPS
$0.41Earnings per share is a key indicator of profitability and financial health, reflecting how much profit is allocated to each share of stock.
Revenue
$1.2BRevenue figures provide insight into the company's sales performance and market demand, critical for assessing growth prospects.
The print will turn on these.
Q1
Will Copart's EPS exceed the consensus estimate of $0.41?
A beat on EPS could indicate stronger profitability and operational efficiency, which the market will closely evaluate.
Q2
What insights can Copart provide about revenue trends in the current market?
Understanding revenue trends will help gauge the company's growth potential and market demand, crucial for investor confidence.
—
Est. EPS
$0.20
Est. Rev
$410M
Impl. Move
±9.9%
Why consensus could be wrong
The Street may be underestimating Copart's ability to rebound from last quarter's miss, as operational efficiencies could drive better-than-expected results.
Supporting evidence
Despite recent misses, Copart has historically maintained a strong EPS beat rate of 75%.
The options market is pricing a larger move than historical averages, suggesting that investors expect significant news.
Insider selling could indicate a cautious outlook, but it may not reflect the broader operational performance.
Key risk
If revenue trends show stronger demand than anticipated, it could challenge the consensus view.
Pre-commit to what would confirm each case.
The market is debating Copart's ability to maintain profitability and revenue growth amid fluctuating demand in the automotive sector.
Bull confirmed if
An EPS of $0.42 or higher would confirm the bull case, indicating strong operational performance.
Bear confirmed if
An EPS below $0.39 would validate the bear case, raising concerns about the company's growth trajectory.
What the market is pricing for the move.
Implied Move
±7.14%
Historical Avg
±2.4%
The options market is pricing in a significant move around the earnings announcement, indicating heightened uncertainty or anticipation among investors.
Options are pricing ±7.1% while CPRT has averaged ±2.4% over the last 8 prints — setup is pricing rich.
ATM IV
0.4%
30d HV
16.6%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Copart beats expectations, history suggests a potential stock increase of around +0.18%, confirming positive operational momentum.
In line / cautious
If results are in line with expectations, the stock may experience muted movement as investors await further guidance.
Miss
A miss on EPS could lead to a decline of approximately -0.57%, reflecting investor disappointment and concerns over future growth.
The lines on the call that would change the story.