Copart Q1 2022 Earnings Report
Key Takeaways
Copart reported a strong first quarter in fiscal year 2022, with revenue increasing by 36.6% to $810.1 million, gross profit increasing by 29.7% to $385.0 million, and net income increasing by 30.0% to $260.4 million compared to the same period last year. Diluted earnings per share increased by 30.1% to $1.08, and non-GAAP diluted earnings per share increased by 35.4% to $1.07.
Revenue increased by 36.6% year-over-year to $810.1 million.
Gross profit increased by 29.7% year-over-year to $385.0 million.
Net income increased by 30.0% year-over-year to $260.4 million.
Diluted earnings per share increased by 30.1% to $1.08.
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. These forward-looking statements are subject to substantial risks and uncertainties.