Copart Inc. shares are poised for a 6.2% intraday swing when the company reports third-quarter results on Sept. 10, according to options-implied volatility data compiled by Bloomberg.
The estimate, derived from at-the-money straddle pricing, suggests significant price volatility around the earnings release, which is scheduled during regular trading hours. Historical data shows Copart’s stock has historically exceeded the implied move in five of the past eight earnings events, though the direction and magnitude have varied.
In the most recent comparable quarter, the options market had priced in a 3.3% move for the Sept. 4, 2024 report, while the stock ultimately fell 5.9%. The prior quarter, reported on May 21, saw a 6.3% implied move, with the actual price change coming in at 2.6%. The February 2025 report, which carried a 5.3% implied move, resulted in a 7.7% decline.
The largest divergence occurred in May 2025, when options signaled a 3.9% move but the stock dropped 14.0%. Conversely, the November 2024 report, with a 4.2% implied move, saw an 8.2% gain. The smallest implied move, 1.2% in February 2025, still coincided with a 4.1% decline.
Copart, a provider of online vehicle auction and remarketing services, has seen its stock price fluctuate alongside quarterly earnings surprises and broader market conditions. The upcoming report will be closely watched for updates on revenue growth, auction volume trends, and guidance amid a shifting used-car market.
