Copart Stock Declines as Annual Net Income Drops to $1.5 Billion

Key Facts

1Copart's annual net income declined by 4.4% to $1.5 billion for fiscal year 2026.

2The company's revenue increased by 0.4% to $4.7 billion despite the drop in profits.

3Copart recently completed the acquisition of ACV Auctions for $1.9 billion.

Copart's annual net income declined by 4.4% to $1.5 billion for fiscal year 2026, AD HOC NEWS reported. The company's revenue increased by 0.4% to $4.7 billion despite the drop in profits, while it recently completed the acquisition of ACV Auctions for $1.9 billion in an all-cash transaction.

CPRT closed at $28.04 on September 24, 2026, as the decline in annual profit outweighed marginal revenue gains. Meanwhile, ACVA closed at $10.46 on September 24, 2026, following the deal intended to combine Copart's physical auction network with ACV's digital marketplace.