Copart Q4 2020 Earnings Report
Key Takeaways
Copart reported a slight decrease in revenue but an increase in gross profit and net income for the quarter ended July 31, 2020. Revenue decreased by 3.1%, while gross profit increased by 3.2% and net income increased by 7.8%.
Revenue for the quarter decreased by 3.1% to $525.7 million.
Gross profit for the quarter increased by 3.2% to $250.4 million.
Net income for the quarter increased by 7.8% to $165.5 million.
Fully diluted earnings per share increased by 7.8% to $0.69.
Copart
Copart
Copart Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income