The end of the earnings season is always a good time to take a step back and see who shined (and who didn’t). Let’s take a look at how business services & supplies stocks fared in Q2, starting with HNI (NYSE: HNI).
This is a sector that encompasses many types of business, and so it follows that a number of trends will impact the space. For industrial and environmental services companies, for example, trends around environmental compliance and increasing corporate ESG commitments matter while for safety and security services companies, the intersection of physical security, cybersecurity, and workplace safety regulations are the topics du jour. Broadly, AI and automation could be tailwinds for companies in the space that invest wisely. On the other hand, shifting regulatory frameworks could force continual changes in go-to-market and costly investments.
The 20 business services & supplies stocks we track reported a strong Q2. As a group, revenues beat analysts’ consensus estimates by 2.2% while next quarter’s revenue guidance was in line.
In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.
HNI (NYSE: HNI)
With roots dating back to 1944 and a significant acquisition of Kimball International in 2023, HNI (NYSE: HNI) manufactures and sells office furniture systems, seating, and storage solutions, as well as residential fireplaces and heating products.
HNI reported revenues of $1.47 billion, up 121% year on year. This print was in line with analysts’ expectations, and overall, it was a very strong quarter for the company with a beat of analysts’ EPS estimates.
HNI pulled off the fastest revenue growth in the group. Unsurprisingly, the stock is up 9.2% since reporting and currently trades at $46.70.
Best Q2: OPENLANE (NYSE: OPLN)
Facilitating the sale of approximately 1.3 million used vehicles in 2023, OPENLANE (NYSE: OPLN) operates digital marketplaces that connect sellers and buyers of used vehicles across North America and Europe, facilitating wholesale transactions.
OPENLANE reported revenues of $554.6 million, up 15.1% year on year, outperforming analysts’ expectations by 4.4%. The business had a stunning quarter with a beat of analysts’ EPS estimates and an impressive beat of analysts’ full-year EPS guidance estimates.
Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 13.8% since reporting. It currently trades at $35.50.
Is now the time to buy OPENLANE? Access our full analysis of the earnings results here, it’s free.
Weakest Q2: Copart (NASDAQ: CPRT)
Starting as a single salvage yard in California in 1982, Copart (NASDAQ: CPRT) operates an online auction platform that connects sellers of damaged and salvage vehicles with buyers ranging from dismantlers and rebuilders to used car dealers and exporters.
Copart reported revenues of $1.15 billion, up 2.4% year on year, exceeding analysts’ expectations by 1%. Still, it was a softer quarter as it posted a significant miss of analysts’ EPS estimates.
Interestingly, the stock is up 4.3% since the results and currently trades at $31.83.
Read our full analysis of Copart’s results here.
Tetra Tech (NASDAQ: TTEK)
With a 50-year legacy of "Leading with Science" and operations on all seven continents, Tetra Tech (NASDAQ: TTEK) provides high-end consulting and engineering services focused on water management, environmental solutions, and sustainable infrastructure for government and commercial clients worldwide.
Tetra Tech reported revenues of $1.11 billion, down 3.9% year on year. This print beat analysts’ expectations by 2.9%. It was a strong quarter as it also recorded a beat of analysts’ EPS estimates and full-year revenue guidance slightly topping analysts’ expectations.
Tetra Tech had the slowest revenue growth among its peers. The stock is up 9.1% since reporting and currently trades at $36.85.
Read our full, actionable report on Tetra Tech here, it’s free.
Driven Brands (NASDAQ: DRVN)
With approximately 5,000 locations across 49 U.S. states and 13 other countries, Driven Brands (NASDAQ: DRVN) operates a network of automotive service centers offering maintenance, car washes, paint, collision repair, and glass services across North America.
Driven Brands reported revenues of $507.4 million, up 6.8% year on year. This number met analysts’ expectations. Zooming out, it was a mixed quarter as it also produced a beat of analysts’ EPS estimates but a miss of analysts’ full-year EPS guidance estimates.
The stock is down 14.6% since reporting and currently trades at $12.47.
Read our full, actionable report on Driven Brands here, it’s free.
Market Update
Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.
Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.
By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.
Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
