Copart posts Q2 other income of USD 52.3 million, up 42.1%

Reuters03-04
Copart posts <a href="https://laohu8.com/S/QTWO">Q2</a> other income of USD 52.3 million, up 42.1%

Copart reported service revenues of USD 952.1 million in Q2 ended Jan. 31, 2026, down 4.0%, including USD 819.5 million in the U.S. (down 5.6%) and USD 132.6 million internationally (up 7.7%). Vehicle sales were USD 169.6 million in Q2 (down 1.4%). Operating income margin was 35% of total service revenues and vehicle sales in Q2, with net income margin of 32% and income before income taxes margin of 40%. For the six months (H1) ended Jan. 31, 2026, service revenues were USD 1.9 billion (down 1.7%), while vehicle sales were USD 332.8 million (up 0.1%). Operating cash flow in H1 was USD 662.8 million (up 0.4%), and capital expenditures and acquisitions were USD 182.4 million. Cash, cash equivalents and restricted cash totaled USD 5.1 billion at Jan. 31, 2026, and working capital was USD 5.6 billion. Copart said U.S. service revenue and facility operations expense comparisons reflected one-time revenue and costs tied to hurricanes Helene and Milton recognized in fiscal 2025. The company also highlighted higher other income in Q2 of USD 52.3 million (up 42.1%), citing higher interest income earned from U.S. Treasury Bills and currency gains. In corporate updates, Copart entered a new unsecured USD 1.25 billion senior revolving credit facility maturing Jan. 23, 2031, with full unused capacity available as of Jan. 31, 2026, and repurchased 5.5 million shares in H1 for USD 218.2 million at a weighted average price of USD 39.82 per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Copart Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-088593), on March 03, 2026, and is solely responsible for the information contained therein.

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