Copart (CPRT) Tops Q1 EPS by 6c

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Go back to Copart (CPRT) Tops Q1 EPS by 6c

Copart Reports First Quarter Fiscal 2020 Financial Results

November 20, 2019 5:55 PM EST

DALLAS--(BUSINESS WIRE)-- Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended October 31, 2019.

For the three months ended October 31, 2019, revenue, gross profit, and net income were $554.4 million, $254.9 million, and $218.2 million, respectively. These represent an increase in revenue of $93.1 million, or 20.2%; an increase in gross profit of $59.0 million, or 30.1%; and an increase in net income of $104.1 million, or 91.2%, respectively, from the same period last year. Fully diluted earnings per share for the three months were $0.91 compared to $0.47 last year, an increase of 93.6%.

Excluding the impact of discrete income tax items,... More