Copart (CPRT) Tops Q4 EPS by 16c

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Go back to Copart (CPRT) Tops Q4 EPS by 16c

Copart Reports Fourth Quarter Fiscal 2016 Financial Results

September 20, 2016 6:11 PM EDT

DALLAS--(BUSINESS WIRE)-- Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter and year ended July 31, 2016.

For the three months ended July 31, 2016, revenue, gross margin, operating income, and net income were $332.7 million, $141.5 million, $106.2 million, and $84.1 million, respectively. These represent an increase in revenue of $50.4 million, or 17.8%; an increase in gross margin of $22.7 million, or 19.1%; an increase in operating income of $19.4 million, or 22.4%; and an increase in net income of $26.7 million, or 46.5%, respectively, from the same quarter last year. Fully diluted earnings per share for the three months were $0.71 compared to $0.44 last... More