Copart, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended April 30, 2024
May 16, 2024 at 04:17 pm EDT
Share
Copart, Inc. reported earnings results for the third quarter and nine months ended April 30, 2024. For the third quarter, the company reported revenue was USD 1,127.26 million compared to USD 1,021.83 million a year ago. Net income was USD 382.29 million compared to USD 350.43 million a year ago. Basic earnings per share from continuing operations was USD 0.4 compared to USD 0.37 a year ago. Diluted earnings per share from continuing operations was USD 0.39 compared to USD 0.36 a year ago.
For the nine months, revenue was USD 3,167.82 million compared to USD 2,871.93 million a year ago. Net income was USD 1,040.45 million compared to USD 889.96 million a year ago. Basic earnings per share from continuing operations was USD 1.08 compared to USD 0.93 a year ago. Diluted earnings per share from continuing operations was USD 1.07 compared to USD 0.92 a year ago.
Copart, Inc. is one of the world's leading providers of online auction and vehicle resale services. Net sales break down by activity as follows:
- services (82.6%);
- vehicle sales (17.4%).
The United States account for 82.4% of net sales.