Copart Q4 2021 Earnings Report
Key Takeaways
Copart's Q4 2021 financial results showcased substantial growth, with a 42.4% increase in revenue, a 42.7% increase in gross profit, and a 54.6% increase in net income compared to the same period last year. Fully diluted earnings per share increased by 53.6%.
Revenue increased by 42.4% to $748.6 million compared to the same period last year.
Gross profit increased by 42.7% to $357.5 million compared to the same period last year.
Net income increased by 54.6% to $256.0 million compared to the same period last year.
Fully diluted earnings per share increased by 53.6% to $1.06 compared to $0.69 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.