Copart Reports Revenue, Profit Boost

By Staff Writer November 20, 2020

Copart Inc’s Q3 financial results showed an increase in revenue of $38.5 million, an increase in gross profit of $41.9 million and a decrease in net income of $17.9 million, respectively, from the same period last year.

The results are for the quarter ended October 31, 2020.

Fully diluted earnings per share for the three months were $0.83 compared to $0.91 last year, a decrease of 8.8 percent.

Excluding the impact of discrete income tax items, foreign currency-related gains, certain income tax benefits and payroll taxes related to accounting for stock option exercises, and the effect on common equivalent shares from ASU 2016-09, non-GAAP fully diluted earnings per share for the three months ended October 31, 2020 and 2019, were $0.79 and $0.65, respectively, an increase of 21.5 percent.

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Last modified on Friday, 20 November 2020 13:05