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Jul 31, 2023

Copart Q4 2023 Earnings Report

Copart's financial performance increased in Q4 2023.

Key Takeaways

Copart's Q4 2023 financial results showed significant growth compared to the same period last year. Revenue increased by 12.9%, gross profit by 19.9%, and net income by 31.9%.

Revenue increased by 12.9% to $997.6 million.

Gross profit increased by 19.9% to $457.6 million.

Net income increased by 31.9% to $347.8 million.

Fully diluted earnings per share increased by 33.3% to $0.36.

Total Revenue
$998M
Previous year: $883M
+12.9%
EPS
$0.34
Previous year: $0.29
+17.2%
Operating margin
39.15%
Gross Profit
$458M
Previous year: $382M
+19.9%
Cash and Equivalents
$957M
Previous year: $1.38B
-30.8%
Free Cash Flow
$188M
Previous year: $210M
-10.3%
Total Assets
$6.74B
Previous year: $5.31B
+26.9%

Copart

Copart

Forward Guidance

This press release contains forward-looking statements within the meaning of federal securities laws and are subject to substantial risks and uncertainties.