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Apr 30, 2022
Copart Q3 2022 Earnings Report
Copart's financial performance saw mixed results, with revenue and gross profit increasing but net income decreasing compared to the same period last year.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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