Copart Exceeds Estimates in Q4, Revenue Growth

Copart, Inc., leader in online auto auctions, has published its financial results for the fourth quarter of the fiscal year 2025 ( ending on July 31, 2025 ). The adjusted earnings per share stood at €0.41, exceeding estimates of €0.37. This result represents a 24.24% increase compared to the previous year.

The revenue reached 1.13 billion euros, up 5.25% year-on-year, despite a slight deviation from the forecast of 1.15 billion euros.

Main Points of Copart's Q4

• Service revenue: €956.2 million, up from €893.1 million the previous year.
• Vehicle sales: 168.89 million euros, down from 175.91 million euros last year.
• Global insurance volumes: Decrease of about 2% year-on-year.
• Frequency of total losses in the United States: 22.2% compared to 21.5% the previous year.
• Operating expenses for parks: Increase of 2.8% to 418.5 million euros.
• Gross profit: Increased by 12.4% to €509.72 million.
• Operating profit: Increase to 412.6 million euros compared to 359.5 million euros.
• Net profit: Growth of 22.7% to €395.31 million.

Financial Situation

• Cash, cash equivalents, and restricted cash: €2.78 billion as of July 31, 2025
• Cash flow from operating activities: €1.8 billion
• Capital expenditures: 569 million euros

These results demonstrate the resilience of Copart's business model in a fluctuating economic context. The growth in net income and gross profit reflects effective cost management and an improvement in profitability, despite a slight decline in vehicle sales.

The increase in service revenues suggests sustained demand for Copart's online auction solutions, potentially strengthened by the evolution of post-pandemic purchasing habits. The rise in the frequency of total losses in the United States could indicate growing opportunities for Copart in the wrecked vehicles market.

The company's strong cash position, combined with significant operating cash flows, provides Copart with considerable financial flexibility for future investments and potential expansion.