Copart Q3 2021 Earnings Report
Key Takeaways
Copart reported a robust increase in revenue, gross profit, and net income for the quarter ended April 30, 2021. Revenue increased by 33.4%, gross profit by 57.2%, and net income by 94.5% compared to the same period last year. Fully diluted earnings per share increased by 91.9%.
Revenue increased by 33.4% year-over-year, reaching $733.9 million.
Gross profit increased by 57.2% year-over-year, totaling $381.3 million.
Net income increased by 94.5% year-over-year, amounting to $286.8 million.
Fully diluted earnings per share increased by 91.9% year-over-year, reaching $1.19.
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.