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Oct 31, 2020
Copart Q1 2021 Earnings Report
Copart's first quarter of fiscal year 2021 resulted in increased revenue and gross profit, but decreased net income compared to the same period last year.
Key Takeaways
Copart reported an increase in revenue and gross profit, but a decrease in net income for the quarter ended October 31, 2020. Revenue increased by 6.9%, gross profit increased by 16.4%, and net income decreased by 8.2% compared to the same period last year.
Revenue increased by 6.9% year-over-year to $592.9 million.
Gross profit increased by 16.4% year-over-year to $296.8 million.
Net income decreased by 8.2% year-over-year to $200.3 million.
Non-GAAP fully diluted earnings per share increased by 21.5% year-over-year to $0.79.
Forward Guidance
This press release contains forward-looking statements within the meaning of federal securities laws, including statements concerning the potential impact of the COVID-19 pandemic on our business, operations, and operating results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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