Copart (CPRT) Misses Q4 EPS by 6c, Revenue Beats

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Go back to Copart (CPRT) Misses Q4 EPS by 6c, Revenue Beats

Copart Reports Fourth Quarter Fiscal 2018 Financial Results

September 19, 2018 9:06 AM EDT

DALLAS--(BUSINESS WIRE)-- Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter and year ended July31, 2018.

For the three months ended July 31, 2018, revenue, gross profit, and net income were $449.2 million, $188.4 million, and $109.7 million, respectively. These represent an increase in revenue of $70.6 million, or 18.7%; an increase in gross profit of $21.0 million, or 12.5%; and an increase in net income of $39.4 million, or 56.0%, respectively, from the same quarter last year. Fully diluted earnings per share for the three months were $0.45 compared to $0.30 last year, an increase of 50.0%.

For the year ended July 31, 2018, revenue, gross... More