Copart (CPRT) Tops Q2 EPS by 1c

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Go back to Copart (CPRT) Tops Q2 EPS by 1c

Copart Reports Second Quarter Fiscal 2017 Financial Results

February 21, 2017 6:06 PM EST

DALLAS--(BUSINESS WIRE)-- Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended January 31, 2017.

For the three months ended January 31, 2017, revenue, gross margin, and net income were $349.5 million, $146.8 million, and $66.1 million, respectively. These represent an increase in revenue of $49.8 million, or 16.6%; an increase in gross margin of $22.2 million, or 17.8%; and an increase in net income of $7.1 million, or 12.0%, respectively, from the same quarter last year. Fully diluted earnings per share for the three months were $0.56 compared to $0.47 last year, an increase of 19.1%.

For the six months ended January 31, 2017, revenue, gross margin,... More