Copart Q3 2022 Earnings Report
Key Takeaways
Copart reported an increase in revenue and gross profit, but a decrease in net income for the quarter ended April 30, 2022. Revenue increased by 28.1%, gross profit increased by 14.4%, while net income decreased by 2.9% compared to the same period last year.
Revenue increased by 28.1% to $939.9 million.
Gross profit increased by 14.4% to $436.3 million.
Net income decreased by 2.9% to $278.6 million.
Fully diluted earnings per share decreased by 2.5% to $1.16.
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.