Copart (CPRT) Tops Q1 EPS by 8c

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Go back to Copart (CPRT) Tops Q1 EPS by 8c

Copart Reports First Quarter Fiscal 2021 Financial Results

November 18, 2020 5:08 PM EST

DALLAS--(BUSINESS WIRE)-- Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended October 31, 2020.

For the three months ended October 31, 2020, revenue, gross profit, and net income were $592.9 million, $296.8 million, and $200.3 million, respectively. These represent an increase in revenue of $38.5 million, or 6.9%; an increase in gross profit of $41.9 million, or 16.4%; and a decrease in net income of $17.9 million, or 8.2%, respectively, from the same period last year. Fully diluted earnings per share for the three months were $0.83 compared to $0.91 last year, a decrease of 8.8%.

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