Copart Shares Down 40.6% Since Peak, Q2 Revenue Slides 3.6%
Copart’s shares have plunged 40.6% from their May 2025 52-week high and underperformed the industrial sector ETF, lagging by over 15.7% in the past three months. Q2 revenue fell 3.6% to $1.12 billion and net income dropped 9.5% to $350.7 million, missing estimates.
1. Underperformance vs Industrial Sector
Copart’s market capitalization stands near $37.2 billion as shares trade 40.6% below the May 2025 52-week high. Over the past three months, stock value fell 2.2% while the industrial sector ETF gained 13.5%, and over 52 weeks, Copart dropped 30.1% versus the ETF’s 33.5% surge, leaving YTD returns at -3.1% against +13.4%.
2. Technical Indicators Weigh on Trend
Shares briefly rose above the 50-day moving average of $39.12 in mid-August and January but failed to sustain rallies, slipping back below since June 2025. They have remained under the 200-day average of $44.34 throughout this period, indicating persistent downward momentum across both key technical thresholds.
3. Q2 2026 Financial Results and Misses
In Q2 2026, Copart reported revenue of $1.12 billion, down 3.6% year-over-year, and net income of $350.7 million, a 9.5% decline. Diluted EPS decreased 10% to $0.36, with both top and bottom-line results falling short of analyst projections and contributing to a 3.1% share price drop following the earnings release.