Copart Q1 FY26 revenue up 2.4% with net income down 17.4%

Copart reported a 2.4% increase in Q1 FY26 revenue to $1.2 billion but faced a 14.6% decline in EPS to $0.35, likely due to reduced gross margins. The company will hold a conference call on September 10, 2026, to discuss results and future strategy.