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Jan 31, 2023
Copart Q2 2023 Earnings Report
Copart's financial performance increased in Q2 2023, with revenue, gross profit, and net income all showing growth compared to the same period last year.
Key Takeaways
Copart reported an increase in revenue, gross profit and net income for the quarter ended January 31, 2023. Revenue increased by 10.3%, gross profit increased by 5.7%, and net income increased by 2.2% compared to the same period last year. Fully diluted earnings per share increased by 1.7%.
Revenue increased by 10.3% to $956.7 million.
Gross profit increased by 5.7% to $426.5 million.
Net income increased by 2.2% to $293.7 million.
Fully diluted earnings per share increased by 1.7% to $0.61.
Copart
Copart
Forward Guidance
This press release contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements are subject to substantial risks and uncertainties.