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Jul 31, 2022

Copart Q4 2022 Earnings Report

Copart's financial results for Q4 2022 were reported, demonstrating growth in revenue, gross profit, and net income compared to the same period last year.

Key Takeaways

Copart reported an 18.0% increase in revenue, a 6.7% increase in gross profit, and a 3.0% increase in net income compared to the same period last year. The company's fully diluted earnings per share increased by 3.8%.

Revenue increased by 18.0% to $883.4 million.

Gross profit increased by 6.7% to $381.6 million.

Net income increased by 3.0% to $263.7 million.

Fully diluted earnings per share increased by 3.8% to $1.10.

Total Revenue
$883M
Previous year: $749M
+18.0%
EPS
$0.29
Previous year: $0.26
+11.5%
Cost of vehicle sales
$161M
Gross Profit
$382M
Previous year: $357M
+6.7%
Cash and Equivalents
$1.38B
Previous year: $1.05B
+32.1%
Free Cash Flow
$210M
Previous year: $130M
+61.6%
Total Assets
$5.31B
Previous year: $4.56B
+16.4%

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