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Oct 31, 2021
Copart Q1 2022 Earnings Report
Copart's financial performance for Q1 2022 showed significant growth, with revenue, gross profit, and net income all increasing compared to the same period last year.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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