Copart (CPRT) Tops Q3 EPS by 1c

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Go back to Copart (CPRT) Tops Q3 EPS by 1c

Copart Reports Third Quarter Fiscal 2017 Financial Results

May 24, 2017 6:04 PM EDT

DALLAS, Texas--(BUSINESS WIRE)-- Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended April 30, 2017.

For the three months ended April 30, 2017, revenue, gross margin, and net income were $373.9 million, $172.5 million, and $90.5 million, respectively. These represent an increase in revenue of $26.6 million, or 7.7%; an increase in gross margin of $14.9 million, or 9.4%; and an increase in net income of $15.9 million, or 21.3%, respectively, from the same quarter last year. Fully diluted earnings per share for the three months were $0.38 compared to $0.32 last year, an increase of 18.8%.

For the nine months ended April 30, 2017, revenue, gross... More