Used Car NewsUsed Car News

  • ABG 55.03 +0.15 - +0.27%
  • AN 62.00 +1.16 - +2.15%
  • CACC 140.16 +1.37 - +0.99%
  • CAR 52.91 +0.555 - +1.07%
  • CARZ 0.00 -0.01 - -0.02%
  • CPRT 38.00 +0.41 - +1.14%
  • CPSS 8.16 +0.01 - +0.13%
  • CRMT 36.80 -0.28 - -0.76%
  • DAI N/A - N/A
  • F 16.56 -0.07 - -0.44%
  • FIATY 0.00 +0.21 - +1.76%
  • GM 34.45 +0.01 - +0.03%
  • HMC 34.50 -0.39 - -1.13%
  • HTZ 28.25 +0.70 - +2.56%
  • KAR 32.00 +0.09 - +0.30%
  • KMX 45.51 +0.63 - +1.44%
  • LAD 70.68 +0.85 - +1.26%
  • MZDAF 0.00 0.00 - 0.00%
  • NSANY 0.00 -0.12 - -0.67%
  • PAG 43.05 +0.34 - +0.80%
  • SAH 23.21 +0.19 - +0.83%
  • TM 149.00 -0.45 - -0.41%
  • TRAK 48.45 +1.05 - +2.42%
  • TSLA 199.55 -0.99 - -0.50%
  • TTM 37.52 +0.11 - +0.29%
  • VLKAY 0.00 +0.26 - +0.49%
  • VROM 0.00 0.00 - 0.00%

Featured News

Wholesale Prices Rise
Wholesale prices strengthened in March above both seasonal and year-ago levels. 

Of...

Read more

State Arrests Dealers for Failing to Pay Taxes
The state of Florida recently cracked down on several auto dealers for not paying their sales taxes....

Read more

PassTime Upgrades Devices
PassTime has introduced the Elite 3, the third version of its Elite platform of GPS tracking and aut...

Read more

Consumer Spending Index Remains Steady
The Deloitte Consumer Spending Index dropped half a point in March, but continues to indicate positi...

Read more

Wholesale Prices Rise
State Arrests Dealers for Failing to Pay Taxes...
PassTime Upgrades Devices
Consumer Spending Index Remains Steady

Used Car News | Home

Copart Reports Increase in Revenue, Net Income

copartCopart, 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.