Copart Is Winning Big From Insurance Chaos—Here’s How It’s Snatching Market Share!

Copart, Inc.’s Q3 2025 earnings highlight several noteworthy aspects of its performance and market dynamics, offering a balanced view of the company’s current standing and future challenges. The company’s global unit sales increased by 1%, with a more notable rise of 2% on a per-business-day basis. This growth, however, masks a flat performance in the U.S. segment and a decrease in U.S. insurance unit volume by nearly 1% year-over-year. Internationally, unit sales grew by 6%, reflecting strong fee unit growth despite a decline in purchase units. The U.S. segment observed flat fee unit growth but noted a significant 7% increase in purchase unit growth. Non-insurance volume growth outpaced U.S. insurance business growth, particularly driven by Blue Car, which saw a 14% increase in year-over-year growth.