Earnings release
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Exhibit 99.1 Copart, Inc. For Immediate Release Copart Reports Fourth Quarter Fiscal 2026 Financial Results Dallas, Texas. (September 10, 2026) — Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter and year ended July 31, 2026. For the three months ended July 31, 2026, revenue, gross profit, and net income attributable to Copart, Inc. were $1.2 billion, $481.4 million, and $327.4 million, respectively. These represent an increase in revenue of $27.3 million, or 2.4 %; a decrease in gross profit of $28.3 million, or (5.5)%; and a decrease in net income attributable to Copart, Inc. of $68.9 million, or (17.4)%, respectively, from the same period last year. Fully diluted earnings per share for the three months ended July 31, 2026 declined to $0.35 compared to $0.41 last year, or (14.6)%. For the year ended July 31, 2026, revenue, gross profit, and net income attributable to Copart, Inc. were $4.7 billion, $2.1 billion, and $1.5 billion, respectively. These represent an increase in revenue of $19.3 million, or 0.4 %; a decrease in gross profit of $15.8 million, or (0.8)%; and a decrease in net income attributable to Copart, Inc. of $68.2 million, or (4.4)%, respectively, from the same period last year. Fully diluted earnings per share for the year ended July 31, 2026 declined to $1.55 compared to $1.59 last year, or (2.5)%. On Thursday, September 10, 2026, at 5:30 p.m. Eastern Time (4:30 p.m. Central Time), Copart will conduct a conference call to discuss the results for the quarter. The call will be webcast live and can be accessed via hyperlink at www.copart.com/investorrelations. A replay of the call will be available through November 2026 by visiting www.copart.com/investorrelations. About Copart Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart’s innovative technology and online auction platforms connect vehicle consignors to approximately 1 million members in over 185 countries. Copart offers a comprehensive suite of vehicle remarketing services to insurance companies, financial institutions, dealers, rental car companies, charities, fleet operators, and individuals, and offers vehicles via auction to dealers, dismantlers, rebuilders, exporters, and the general public. With operations at over 250 locations in 11 countries, Copart sold more than 4 million units in the last year. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), Brazil (Copart.com.br), the Republic of Ireland (Copart.ie), Germany (Copart.de), Finland (Copart.fi), the United Arab Emirates, Oman and Bahrain (Copartmea.com), and Spain (Copart.es). For more information, or to become a Member, visit Copart.com/register.
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Copart, Inc. Cautionary Note About Forward-Looking Statements This press release contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements are subject to substantial risks and uncertainties. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected or implied by our statements and comments. For a more complete discussion of the risks that could affect our business, please review the “Management’s Discussion and Analysis” and the other risks identified in Copart’s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. We encourage investors to review these disclosures carefully. We do not undertake to update any forward-looking statement that may be made from time to time on our behalf. Contact: Copart Investor Relations investor.relations@copart.com
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Copart, Inc. Consolidated Statements of Income (In thousands, except per share amounts) (Unaudited) Three Months EndedJuly 31, Year EndedJuly 31, 2026 2025 % Change 2026 2025 % Change Service revenues and vehicle sales: Service revenues $ 969,544 $ 956,209 1.4 % $ 3,969,520 $ 3,968,662 0.0 % Vehicle sales 182,895 168,888 8.3 % 696,689 678,296 2.7 % Total service revenues and vehicle sales 1,152,439 1,125,097 2.4 % 4,666,209 4,646,958 0.4 % Operating expenses: Facility operations 450,745 418,500 7.7 % 1,755,747 1,744,436 0.6 % Cost of vehicle sales 164,211 147,398 11.4 % 616,463 602,997 2.2 % Facility depreciation and amortization 53,759 47,172 14.0 % 201,669 191,775 5.2 % Facility stock-based compensation 2,275 2,309 (1.5)% 8,472 8,107 4.5 % Gross profit 481,449 509,718 (5.5)% 2,083,858 2,099,643 (0.8)% General and administrative 97,813 83,902 16.6 % 373,218 348,958 7.0 % General and administrative depreciation and amortization 7,202 6,435 11.9 % 27,704 24,074 15.1 % General and administrative stock-based compensation 7,530 6,790 10.9 % 30,346 29,897 1.5 % Total operating expenses 783,535 712,506 10.0 % 3,013,619 2,950,244 2.1 % Operating income 368,904 412,591 (10.6)% 1,652,590 1,696,714 (2.6)% Other income: Interest income, net 39,618 49,839 (20.5)% 181,923 178,909 1.7 % Other (expense) income, net (3,811) 15,978 (123.9)% 464 19,958 (97.7)% Total other income 35,807 65,817 (45.6)% 182,387 198,867 (8.3)% Income before income taxes 404,711 478,408 (15.4)% 1,834,977 1,895,581 (3.2)% Income tax expense 77,884 83,100 (6.3)% 354,580 347,218 2.1 % Net income 326,827 395,308 (17.3)% 1,480,397 1,548,363 (4.4)% Less: Net loss attributable to noncontrolling interest (596) (1,046) (43.0)% (3,873) (4,086) (5.2)% Net income attributable to Copart, Inc. $ 327,423 $ 396,354 (17.4)% $ 1,484,270 $ 1,552,449 (4.4)% Basic net income per common share $ 0.35 $ 0.41 (14.6)% $ 1.56 $ 1.61 (3.1)% Weighted average common shares outstanding 927,067 967,100 (4.1)% 949,640 965,306 (1.6)% Diluted net income per common share $ 0.35 $ 0.41 (14.6)% $ 1.55 $ 1.59 (2.5)% Diluted weighted average common shares outstanding 932,140 977,778 (4.7)% 956,860 977,563 (2.1)%
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Copart, Inc. Consolidated Balance Sheets (In thousands) (Unaudited) July 31, 2026 July 31, 2025 ASSETS Current assets: Cash, cash equivalents, and restricted cash $ 1,907,901 $ 2,780,531 Investment in held to maturity securities 2,581,901 2,008,539 Accounts receivable, net of allowance for credit losses of $18,551 and $12,945, respectively 809,247 762,811 Vehicle pooling costs 122,948 116,145 Inventories 51,382 39,661 Income taxes receivable 49,856 580 Prepaid expenses and other assets 44,959 46,361 Total current assets 5,568,194 5,754,628 Property and equipment, net 3,733,220 3,598,093 Operating lease right-of-use assets 83,728 99,708 Intangibles, net 50,477 62,832 Goodwill 511,297 517,779 Other assets 80,894 57,862 Total assets $ 10,027,810 $ 10,090,902 LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued liabilities $ 634,675 $ 591,831 Deferred revenue 32,466 30,440 Income taxes payable 21,437 41,141 Current portion of operating and finance lease liabilities 15,163 19,869 Total current liabilities 703,741 683,281 Deferred income taxes 127,918 80,625 Income taxes payable 9,067 35,635 Operating and finance lease liabilities, net of current portion 73,204 83,870 Total liabilities 913,930 883,411 Commitments and contingencies Redeemable non controlling interest 16,585 20,458 Stockholders’ equity: Preferred stock - - Common stock 93 97 Additional paid-in capital 1,226,354 1,214,150 Accumulated other comprehensive loss (109,778) (120,283) Retained earnings 7,980,626 8,093,069 Total stockholders’ equity 9,097,295 9,187,033 Total liabilities, redeemable noncontrolling interests and stockholders’ equity $ 10,027,810 $ 10,090,902
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Copart, Inc. Consolidated Statements of Cash Flows (In thousands) (Unaudited) Year Ended July 31, 2026 2025 Cash flows from operating activities: Net income $ 1,480,397 $ 1,548,363 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization, including debt cost 238,466 217,784 Allowance for credit losses 5,599 354 Equity in losses (income) from unconsolidated affiliates 326 (149) Stock-based compensation 38,818 38,004 Loss (gain) on sale of property and equipment 1,130 (13,726) Deferred taxes 47,359 (13,440) Changes in operating assets and liabilities, net of effects from acquisitions: Accounts receivable (80,629) (33,950) Vehicle pooling costs (6,358) 16,705 Inventories (11,443) 4,655 Prepaid expenses and other current and non-current assets (47,613) 7,748 Operating lease right-of-use assets and lease liabilities 690 478 Accounts payable and accrued liabilities 32,507 69,599 Deferred revenue 1,908 2,159 Income taxes receivable (49,277) (575) Income taxes payable (47,388) (44,259) Net cash provided by operating activities 1,604,492 1,799,750 Cash flows from investing activities: Purchases of property and equipment (337,363) (568,990) Assets and liabilities acquired in connection with acquisition (5,004) (1,223) Proceeds from sale of property and equipment 12,575 31,831 Investment in held to maturity securities (2,889,072) (4,001,918) Proceeds from held to maturity securities 2,345,000 3,960,000 Investment in unconsolidated affiliate (3,737) (7,148) Net cash used in investing activities (877,601) (587,448) Cash flows from financing activities: Proceeds from the exercise of stock options 16,702 42,759 Proceeds from the issuance of Employee Stock Purchase Plan shares 14,312 14,679 Repurchases of common stock (1,632,538) — Payments for employee stock-based tax withholdings (3,736) (5,282) Debt issuance costs (1,534) — Payments of finance lease obligations (60) (49) Net cash (used) provided by financing activities (1,606,854) 52,107 Effect of foreign currency translation 7,333 2,011 Net increase (decrease) in cash, cash equivalents, and restricted cash (872,630) 1,266,420 Cash, cash equivalents, and restricted cash at beginning of period 2,780,531 1,514,111 Cash, cash equivalents, and restricted cash at end of period $ 1,907,901 $ 2,780,531 Supplemental disclosure of cash flow information: Interest paid $ 1,866 $ 2,019 Income taxes paid, net of refunds $ 398,380 $ 409,003 Purchase of property and equipment through settlement of deposit $ 6,222 $ 64,050
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Copart, Inc. Segments Information (In thousands) (Unaudited) Three Months Ended July 31, 2026 Three Months Ended July 31, 2025 United States International Total United States International Total Service revenues $ 817,822 $ 151,722 $ 969,544 $ 824,813 $ 131,396 $ 956,209 Vehicle sales 112,512 70,383 182,895 101,450 67,438 168,888 Total service revenues and vehicle sales 930,334 222,105 1,152,439 926,263 198,834 1,125,097 Facility operations 420,863 85,916 506,779 390,847 77,134 467,981 Cost of vehicle sales 105,671 58,540 164,211 95,155 52,243 147,398 General and administrative 91,649 20,896 112,545 82,793 14,334 97,127 Operating income $ 312,151 $ 56,753 $ 368,904 $ 357,468 $ 55,123 $ 412,591 Year Ended July 31, 2026 Year Ended July 31, 2025 United States International Total United States International Total Service revenues $ 3,388,287 $ 581,233 $ 3,969,520 $ 3,451,558 $ 517,104 $ 3,968,662 Vehicle sales 419,143 277,546 696,689 403,546 274,750 678,296 Total service revenues and vehicle sales 3,807,430 858,779 4,666,209 3,855,104 791,854 4,646,958 Facility operations 1,634,412 331,476 1,965,888 1,646,183 298,135 1,944,318 Cost of vehicle sales 391,028 225,435 616,463 378,100 224,897 602,997 General and administrative 362,950 68,318 431,268 349,935 52,994 402,929 Operating income $ 1,419,040 $ 233,550 $ 1,652,590 $ 1,480,886 $ 215,828 $ 1,696,714