Shares rose 4.1% as Copart delivered record-high U.S. insurance average selling prices (ASPs) and demonstrated the resilience of its diverse global buyer base, offsetting modest volume declines in its insurance unit sales.
- U.S. insurance unit volume declined 4.2% year-over-year, or just over 3% excluding last year’s catastrophe-related units.
- Despite volume softness, U.S. insurance ASPs increased 4.1% year-over-year, reaching a seasonally adjusted record high for Copart.
- Total loss frequency rose steadily, reaching 23.6% in the first calendar quarter of 2026, up nearly 5 percentage points over four years, supporting auction returns.
- International buyers now represent over one-third of U.S. volumes and nearly half of auction proceeds, highlighting the strength of Copart’s global network.
- Investments in technology and infrastructure continue, supporting broad buyer diversity and high pure sale insurance volume at all-time highs.
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