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 2022 Financial Results

November 17, 2021 4:45 PM EST

DALLAS--(BUSINESS WIRE)-- Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended October 31, 2021.

For the three months ended October 31, 2021, revenue, gross profit, and net income were $810.1 million, $385.0 million, and $260.4 million, respectively. These represent an increase in revenue of $217.2 million, or 36.6%; an increase in gross profit of $88.3 million, or 29.7%; and an increase in net income of $60.1 million, or 30.0%, respectively, from the same period last year. Fully diluted earnings per share for the three months were $1.08 compared to $0.83 last year, an increase of 30.1%.

Excluding the impact of certain income tax benefits... More