Copart, Inc. Earnings Recaps
Q2 2026
Feb 20, 2026
Copart, Inc. reported a decline in insurance units in Q2 FY2026, primarily driven by shifts in policy coverage and consumer pullback, yet achieved record average selling prices for U.S. consignors.
Key takeaways
- U.S. insurance units declined 10.7% year-over-year; 4.8% excluding catastrophic events.
- Average selling prices for U.S. insurance climbed 6% year-over-year, with a 9% increase when adjusting for catastrophic impacts.
- Strong auction returns and enhanced liquidity continue to attract new sellers to Copart's platform, underpinning long-term competitive advantages.
- Cycle times for vehicle retrieval and sales have improved significantly, driven by Copart's expansive tow network and technological advancements.
- Increased deployment of artificial intelligence is enhancing operational efficiency and decision-making capabilities across the organization.