Commercial Services & Supplies
Price
$33.72
+0.42%Market Cap
$31.09B
Day High
$33.91
Day Low
$33.01
Copart reported modest Q3 FY2026 revenue growth led by international operations and a 2.8% increase in operating income, but net income declined 1.0% as quarterly other income fell and operating cash flow was lower on a nine-month year-to-date basis. Source: 10-Q Item 2 MD&A, pp.16-19; 10-Q Income Statement (XBRL).
Key risk: Dependence on a limited group of major vehicle sellers
Although no individual customer represented more than 10% of consolidated revenue for the nine months ended April 30, 2026, a limited number of vehicle sellers collectively represent a substantial portion of revenue. Losing a significant seller, facing unfavorable changes in seller terms, or failing to add vehicle supply could reduce revenue, earnings growth, and market position.
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