Post-earnings recap
Reported
Thu, Sep 10, 2026
EPS actual
$0.35
EPS est.
$0.39
EPS surprise
-9.79%
1-day move
-4.00%
Copart's earnings report shows a miss on EPS, which likely contributed to the 4% drop in stock price. Investors may be concerned about the company's performance, especially since there was no revenue data provided. The lack of guidance further adds uncertainty about future performance.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.35 | N/A | -9.79% |
| Revenue | N/A | N/A | N/A |
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 salvage services, operating in the industrial sector. The company plays a crucial role in the automotive industry by facilitating the sale of vehicles that are damaged or no longer needed, which aligns with trends in e-commerce and sustainability.
Last quarter
In Q3-2026, Copart reported an EPS of $0.43, beating estimates by 4.88%. The stock reacted positively, gaining 4.12% the following day.
EPS beat streak
0Q
EPS beat rate
63%
Avg EPS surprise
-0.14%
Avg 1-day reaction
+0.28%
Investors are cautiously optimistic ahead of Copart's upcoming earnings report, especially given the company's recent EPS beats.
Bull case
If Copart continues its trend of beating EPS estimates, it could signal strong operational performance and market demand, potentially driving the stock higher.
Bear case
Conversely, if the company fails to meet expectations or reports weak revenue growth, it could lead to a negative reaction in the stock price.
The print will turn on these.
Q1
What will the EPS be for Q4-2026?
Given the company's history of beating EPS estimates, this will be a critical indicator of its financial health and operational efficiency.
Q2
How is revenue growth trending for the quarter?
Revenue growth will provide insights into market demand and the company's competitive position in the vehicle auction industry.
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Est. EPS
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Est. Rev
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Impl. Move
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Why consensus could be wrong
The market may be underestimating Copart's ability to leverage e-commerce trends in vehicle sales, which could lead to stronger-than-expected revenue growth.
Supporting evidence
The company has consistently beaten EPS estimates, indicating strong operational performance.
Options pricing suggests a significant move, reflecting investor expectations of volatility that may not align with historical performance.
Key risk
If revenue growth exceeds expectations, it could significantly alter the market's perception of Copart's growth trajectory.
Pre-commit to what would confirm each case.
The market is closely watching Copart's ability to maintain its earnings momentum and revenue growth amid industry challenges.
Bull confirmed if
An EPS of $0.45 or higher would confirm strong operational performance and growth.
Bear confirmed if
An EPS below $0.40 would raise concerns about the company's profitability and market conditions.
What the market is pricing for the move.
Implied Move
±15.04%
Historical Avg
±2.4%
The options market is pricing in a significant move, suggesting that investors anticipate volatility around the earnings announcement.
Options are pricing ±15.0% while CPRT has averaged ±2.4% over the last 8 prints — setup is pricing rich.
ATM IV
0.3%
30d HV
22.9%
Cross-company pattern from 30 similar setups.
Prior-quarter beat + options rich in Industrials
Fade rate: 6 of 24 (25%)
This setup has occurred 30 times across Industrials in the last 2 years. 18 of 24 (75%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.8%, with a raw directional average of +1.9% (modestly positive historical bias).
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Copart beats expectations, history suggests the stock could rise by around 1.09%, confirming a positive trend in operational performance.
In line / cautious
If results are in line with expectations, the stock may experience muted movement as investors await further guidance.
Miss
Should the company miss expectations, history suggests a potential decline of about 0.57%, indicating market disappointment.
The lines on the call that would change the story.