Copart

Copart helps people and businesses buy and sell used or damaged vehicles online. Its auctions connect sellers like insurance companies with buyers such as car dealers or dismantlers. This makes it easier to find, sell, or recycle vehicles that are no longer needed.

Wheels, Deals, and Digital Feels: Copart’s Main Offerings

• Online Auction Services: Internet-based vehicle auctions and related service revenues accounted for 85% of total revenue in Q2 2026; targets insurance companies, dealers, and fleet operators.
• Vehicle Sales: Direct sales of vehicles to buyers, including the public (15% of revenue in Q2 2026); serves dismantlers, rebuilders, and exporters.
• Seller Services: Tools for sellers, such as salvage estimation, title processing, and transportation; supports insurance firms and rental companies.
• Parts & Recycling: Public sales of parts from end-of-life vehicles; appeals to repair shops and individuals.
• Specialty Auctions: Auctions for construction, agriculture, and powersport vehicles; targets business buyers and fleet managers.

Growth Spurts and Global Moves

• Acquired Purple Wave in fiscal 2024, expanding into heavy equipment auctions.
• Opened new facilities in the UK, Spain, and Canada between 2024 and 2026.
• Repurchased 5.48 million shares in Q2 2026 and 24.26 million shares post-quarter.

Why Copart Stays in the Fast Lane

Copart’s global network allows it to process and sell vehicles across many countries. Its proprietary technology supports fully online auctions, making transactions efficient and transparent. The company’s integrated services—from intake to sale—help it serve a wide range of sellers and buyers.

Five Things You Need to Know

• Revenue was $1.12 billion in Q2 2026, down 3.6% from Q2 2025.
• Service revenues made up 85% of total revenue in Q2 2026.
• U.S. segment contributed 82.2% of revenue in Q2 2026; international, 17.8%.
• Operating income was $389 million in Q2 2026, down 8.8% year-over-year.
• Cash position was $5.10 billion as of January 31, 2026, up 83.5% from July 2025.

Bottom Line

Copart has evolved from a U.S. vehicle auctioneer to a global online marketplace. Its technology and broad service range support steady adaptation in a changing industry.