Copart (CPRT) PT Raised to $69 at Stephens
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Copart Reports Third Quarter Fiscal 2019 Financial Results
May 22, 2019 5:50 PM EDTDALLAS--(BUSINESS WIRE)-- Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended April30, 2019.
For the three months ended April 30, 2019, revenue, gross profit, and net income were $553.1 million, $251.6 million, and $192.7 million, respectively. These represent an increase in revenue of $74.9 million, or 15.7%; an increase in gross profit of $32.5 million, or 14.8%; and an increase in net income of $65.4 million, or 51.3%, respectively, from the same period last year. Fully diluted earnings per share for the three months were $0.81 compared to $0.52 last year, an increase of 55.8%.
For the nine months ended April 30, 2019, revenue, gross profit,... More
