Copart (CPRT) Misses Q1 EPS by 1c; Appoints New CEO

Copart Announces Appointment of Jeffrey Liaw as Chief Financial Officer, Effective January 4, 2016

DALLAS--(BUSINESS WIRE)-- Copart, Inc. (NASDAQ: CPRT) today reported that Jeffrey Liaw has agreed to become Copart's Senior Vice President of Finance and Chief Financial Officer, effective January 4, 2016. William Franklin, currently Copart's Executive Vice President and Chief Financial Officer, will continue his role as Executive Vice President responsible for U.S. operations and shared services.

Mr. Liaw has served as the Chief Financial Officer of FleetPride, Inc., a privately held company that distributes truck and trailer parts nationwide, since January 2013. From August 2005 to December 2012, Mr. Liaw was a principal of TPG... More

Copart Reports First Quarter Fiscal 2016 Financial Results

DALLAS--(BUSINESS WIRE)-- Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended October 31, 2015.

For the three months ended October 31, 2015, revenue, gross margin and net income were $288.8 million, $120.9 million and $52.4 million, respectively. These represent a decrease in revenue of $1.5 million, or 0.5%; a decrease in gross margin of $1.4 million, or 1.2%; and a decrease in net income of $0.2 million, or 0.4%, respectively, from the same quarter last year. Fully diluted earnings per share for the three months were $0.42 compared to $0.40 last year, an increase of 5.0%.

On Tuesday, November 24, 2015, at 11 a.m.... More