How Will Copart Stock React To Its Upcoming Earnings?

May 20th, 2026 by Trefis Team
CPRT: Copart logo
CPRT
Copart

Copart (NASDAQ:CPRT) is set to report its earnings on Thursday, May 21, 2026. The company has $32 Bil in current market capitalization. Revenue over the last twelve months was $4.6 Bil, and it was operationally profitable with $1.7 Bil in operating profits and net income of $1.6 Bil. While a lot will depend on how results stack up against consensus and expectations, understanding historical patterns might just turn the odds in your favor if you are an event-driven trader.

There are two ways to do that: understand the historical odds and position yourself prior to the earnings release, or look at the correlation between immediate and medium-term returns post earnings and position yourself accordingly after the earnings are released.

See earnings reaction history of all stocks

Stock picking can fail no matter how good the strategy is. The Trefis High Quality Portfolio turns single-stock insights into a robust market-beating portfolio strategy.

Relevant Articles
  1. Decoding PLTR Stock’s Premium Valuation
  2. Intuit Stock: Strong Cash Flow Poised for a Re-Rating?
  3. Five-Year Tally: Lowe’s Companies Stock Delivers $50 Bil Gain
  4. Five-Year Tally: Mastercard Stock Delivers $60 Bil Gain
  5. Palantir Technologies Stock Hits Key Support – Buying Opportunity?
  6. Stronger Bet Than Ross Stores Stock: BURL, URBN Deliver More
Trefis: CPRT Stock Insights

Copart’s Historical Odds Of Positive Post-Earnings Return

Some observations on one-day (1D) post-earnings returns:

  • There are 18 earnings data points recorded over the last five years, with 6 positive and 12 negative one-day (1D) returns observed. In summary, positive 1D returns were seen about 33% of the time.
  • However, this percentage decreases to 20% if we consider data for the last 3 years instead of 5.
  • Median of the 6 positive returns = 2.5%, and median of the 12 negative returns = -2.0%

Additional data for observed 5-Day (5D) and 21-Day (21D) returns post earnings are summarized along with the statistics in the table below.

  Forward Returns
Earnings Date 1D 5D 21D
2/19/2026 -3.1% -1.3% -12.7%
11/20/2025 -0.7% -4.6% -4.6%
9/4/2025 -2.8% -2.1% -9.7%
5/22/2025 -11.5% -15.1% -19.8%
2/20/2025 -2.8% -5.1% -7.9%
11/21/2024 10.2% 11.4% 2.6%
9/4/2024 -6.7% -6.9% -1.6%
5/16/2024 -0.1% -1.9% -0.4%
2/22/2024 4.0% 7.6% 16.2%
9/14/2023 -2.2% -3.8% 2.0%
5/17/2023 7.8% 5.4% 6.4%
2/21/2023 0.9% 2.3% 4.0%
11/17/2022 0.4% 1.5% -6.0%
9/7/2022 -1.6% -6.8% -4.6%
5/19/2022 1.1% 3.2% -4.5%
2/16/2022 -1.6% -4.2% 1.9%
11/17/2021 -0.9% -5.5% -8.9%
9/8/2021 -1.8% 3.0% -2.6%
SUMMARY STATS      
# Positive 6 7 6
# Negative 12 11 12
Median Positive 2.5% 3.2% 3.3%
Median Negative -2.0% -4.6% -5.3%
Max Positive 10.2% 11.4% 16.2%
Max Negative -11.5% -15.1% -19.8%

Correlation Between 1D, 5D and 21D Historical Returns

A relatively less risky strategy (though not useful if the correlation is low) is to understand the correlation between short-term and medium-term returns post earnings, find a pair that has the highest correlation, and execute the appropriate trade. For example, if 1D and 5D show the highest correlation, a trader can position themselves “long” for the next 5 days if the 1D post-earnings return is positive. Here is some correlation data based on a 5-year and a 3-year (more recent) history. Note that the correlation 1D_5D refers to the correlation between 1D post-earnings returns and subsequent 5D returns.

History 1D_5D 1D_21D 5D_21D
5Y History 22.8% 17.7% -10.2%
3Y History 34.6% 21.6% -10.1%

Is There Any Correlation With Peer Earnings?

Sometimes, peer performance can have an influence on post-earnings stock reaction. In fact, the pricing-in might begin before the earnings are announced. Here is some historical data on the past post-earnings performance of Copart stock compared with the stock performance of peers that reported earnings just before Copart. For fair comparison, peer stock returns also represent post-earnings one-day (1D) returns.

  1D Return Peer Post-Earnings 1D Return
CPRT Earnings Dates CPRT RBA ACVA AN LKQ
2/19/2026 -3.1% -0.4% N/A* -7.2% N/A*
11/20/2025 -0.7% -0.2% -18.5% -5.0% -6.8%
9/4/2025 -2.8% N/A* -12.7% N/A* N/A*
5/22/2025 -11.5% 6.1% 6.7% 3.1% N/A*
2/20/2025 -2.8% 7.2% -10.0% -3.1% N/A*
11/21/2024 10.2% 3.8% 10.5% 9.1% 1.3%
9/4/2024 -6.7% 7.4% 21.3% N/A* N/A*
5/16/2024 -0.1% 2.9% 5.3% -0.2% N/A*
2/22/2024 4.0% N/A* 17.2% -6.6% N/A*
5/17/2023 7.8% -10.6% 23.4% N/A* N/A*
2/21/2023 0.9% 0.4% N/A* -8.8% N/A*
11/17/2022 0.4% 7.5% 29.7% 14.6% -2.6%
9/7/2022 -1.6% N/A* 20.3% N/A* N/A*
5/19/2022 1.1% 18.7% -1.7% N/A* -2.3%
11/17/2021 -0.9% 5.2% 15.1% -6.5% 6.3%
9/8/2021 -1.8% N/A* -18.4% N/A* N/A*
CORRELATION   -27.1% 14.8% -25.5% -63.9%

   * N/A indicates that the peer reported earnings after CPRT

Separately, if you want upside with a smoother ride than an individual stock such as CPRT, consider the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.