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Copart Reports Increase in Revenue, Net Income
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 Copart, Inc. recently reported results for the quarter ended April 30, the third quarter of its fiscal year.
For the three months ended April 30, revenue, operating income and net income were $244.1 million, $87.9 million and $55.5 million, respectively. These represent increases in revenue of $7.4 million, or 3.1 percent; in operating income of $5.9 million, or 7.2 percent; and in net income of $5.3 million, or 10.6 percent, respectively, from the same quarter last year. Fully diluted earnings per share for the three months were $0.43 compared to $0.35 last year, an increase of 22.9 percent.
For the nine months ended April 30, revenue, operating income and net income were $697.6 million, $216.9 million and $137.2 million, respectively. These represent increases in revenue of $40.8 million, or 6.2 percent; in operating income of $15 million, or 7.4 percent; and in net income of $11.4 million, or 9 percent, respectively, from the same period last year. Fully diluted earnings per share for the nine months ended April 30, were $1.04 compared to $0.79 last year, an increase of 31.6 percent.
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