Copart Q3 2020 Earnings Report
Key Takeaways
Copart reported a decrease in revenue, gross profit, and net income for the quarter ended April 30, 2020, compared to the same period last year. Revenue decreased by 0.5%, gross profit decreased by 3.6%, and net income decreased by 23.5%.
Revenue decreased by 0.5% compared to the same period last year.
Gross profit decreased by 3.6% compared to the same period last year.
Net income decreased by 23.5% compared to the same period last year.
Fully diluted earnings per share decreased by 23.5% compared to last year.
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.