Copart Inc (NASDAQ:CPRT) Lags Estimates

Copart Inc (NASDAQ:CPRT) reported earnings and revenue below Wall Street estimates for the quarter ending January 31, 2026, leading to a 4.46% stock drop. The company’s net income fell 9.5% and operating income declined 8.8%, despite recording record U.S. insurance average selling prices. This underperformance was attributed to softer claims activity and lower global insurance unit volumes.

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