Used Car NewsUsed Car News

  • ABG +0.95 - +2.06%
  • AN +1.73 - +3.87%
  • CACC +0.40 - +0.23%
  • CAR +0.28 - +1.14%
  • CARZ -0.38 - -1.29%
  • CPRT +0.58 - +1.73%
  • CPSS -0.34 - -7.78%
  • CRMT +0.67 - +3.00%
  • DAI
  • F -0.24 - -2.07%
  • FIATY +0 - +0%
  • GM -0.81 - -2.82%
  • HMC -0.53 - -2.05%
  • HTZ -0.11 - -1.46%
  • KAR -0.01 - -0.03%
  • KMX +0.21 - +0.49%
  • LAD +0.68 - +0.90%
  • MZDAF -0.86 - -5.42%
  • NSANY -0.493 - -2.751%
  • PAG +0.18 - +0.60%
  • SAH -0.16 - -0.98%
  • TM -2.29 - -2.10%
  • TRAK +0.00 - +0.00%
  • TSLA +0.26 - +0.18%
  • TTM -0.83 - -3.49%
  • VLKAY -0.44 - -1.74%
  • VROM

Featured News

Titles Draw Complaints
The Ohio Attorney General announced a lawsuit against a Cleveland-area used car seller accused of fa...

Read more

Bridgestone Recalls Tires
Bridgestone Americas Tire Operations LLC is recalling 35,907 FS561 replacement tires, size 255/70R22...

Read more

Ally Expands Floor Plan for Online Retailer
Ally Financial has extended its financing relationship with online auto retailer Carvana. Carvana in...

Read more

Eastern Chapter Wins PAC Challenge
The Eastern Chapter of the National Auto Auction Association has won the NAAA Political Action Commi...

Read more

Titles Draw Complaints
Bridgestone Recalls Tires
Ally Expands Floor Plan for Online Retailer
Eastern Chapter Wins PAC Challenge

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.