Copart Q1 2024 Earnings Report
Key Takeaways
Copart's first quarter of fiscal year 2024 demonstrated strong financial results. Revenue increased by 14.2% to $1,020.4 million, gross profit rose by 25.6% to $464.0 million, and net income increased by 35.3% to $332.5 million compared to the same period last year. Fully diluted earnings per share increased by 36.0% to $0.34.
Revenue increased by 14.2% year-over-year, reaching $1,020.4 million.
Gross profit increased by 25.6% year-over-year, totaling $464.0 million.
Net income increased by 35.3% year-over-year, reaching $332.5 million.
Fully diluted earnings per share increased by 36.0% to $0.34.
Copart
Copart
Forward Guidance
This press release contains forward-looking statements within the meaning of federal securities laws and are subject to substantial risks and uncertainties.