Copart Inc. (CPRT) reported that its second-quarter net income rose to $39.64 million, from $40.60 million in the same quarter last year. On a per share basis, profit remained flat at 31 cents for both the comparable second quarters. Analysts polled by Thomson Reuters expected the company to report earnings of $0.36 per share for the quarter. Analysts' estimates typically exclude special items.
The latest quarter results were offset by higher yard operation and sales costs.
Meanwhile, total service revenues and vehicle sales for the quarter increased to $266.18 million from $227.90 million in the prior year quarter. Seven analysts had a consensus revenue estimate of $244.71 million for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.