Copart (CPRT) Tops Q1 EPS by 2c

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Go back to Copart (CPRT) Tops Q1 EPS by 2c

Copart Reports First Quarter Fiscal 2017 Financial Results

November 21, 2016 6:05 PM EST

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

For the three months ended October 31, 2016, revenue, gross margin, and net income were $346.0 million, $145.3 million, and $167.3 million, respectively. These represent an increase in revenue of $57.2 million, or 19.8%; an increase in gross margin of $24.4 million, or 20.2%; and an increase in net income of $114.7 million, or 218.0%, respectively, from the same quarter last year. Fully diluted earnings per share for the three months were $1.41 compared to $0.41 last year, an increase of 243.9%.

Excluding the impact of foreign currency-related gains,... More