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Copart vs Openlane: CPRT and OPLN compared
Copart is the larger company: $1.2B of revenue in its latest quarter (Q4 FY26) against $561M for Openlane (Q3 2026). Openlane is growing faster (+13% against +2% a year earlier). Copart is more profitable, with an operating margin of 32.0% against 12.5%.
Where the money goes: CPRT and OPLN
Copart (CPRT) · Q4 FY26
Copart, Q4 FY26: revenue $1.2B (+2% year over year), operating margin 32.0%, net earnings $327M, operating cash flow $358M. The chart follows the revenue to costs, profit and cash.
Openlane (OPLN) · Q3 2026
Openlane, Q3 2026: revenue $561M (+13% year over year), operating margin 12.5%, net earnings $44.7M, operating cash flow $97.1M. The chart follows the revenue to costs, profit and cash.
| Copart (CPRT) | Openlane (OPLN) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 2026 |
| Revenue | $1.2B | $561M |
| Revenue growth, Y/Y | +2% | +13% |
| Operating margin | 32.0% | 12.5% |
| Net earnings | $327M | $44.7M |
| Net margin | 28.4% | 8.0% |
| Operating cash flow | $358M | $97.1M |
| Free cash flow | $279M | $83.3M |
| Market value | $30.1B | $4.3B |
| P/E | 20.3× | — |
| Analysts’ mean target | $39.00 | $46.22 |
Where the revenue comes from
Copart
- Service: $970M (84%)
- Product: $183M (16%)
Openlane
- Auction and Related Fees: $253M (45%)
- Purchased vehicle sales: $119M (21%)
- Finance revenue: $115M (20%)
- SaaS and Other Revenue: $73.9M (13%)
Questions
Which is bigger, Copart or Openlane?
Copart is the larger company: $1.2B of revenue in its latest quarter (Q4 FY26) against $561M for Openlane (Q3 2026).
Is Copart or Openlane growing faster?
Openlane is growing faster (+13% against +2% a year earlier).
Which is more profitable, Copart or Openlane?
Copart is more profitable, with an operating margin of 32.0% against 12.5%.
More: Copart earnings · how Copart makes money · Openlane earnings · how Openlane makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Sep 29, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.