Copart Q1 2021 Earnings Report
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.
Copart
Copart
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.