Copart, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended January 31, 2024
February 22, 2024 at 04:15 pm EST
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Copart, Inc. reported earnings results for the second quarter and six months ended January 31, 2024. For the second quarter, the company reported revenue was USD 1,020.15 million compared to USD 956.72 million a year ago. Net income was USD 325.64 million compared to USD 293.68 million a year ago. Basic earnings per share from continuing operations was USD 0.34 compared to USD 0.31 a year ago. Diluted earnings per share from continuing operations was USD 0.33 compared to USD 0.3 a year ago.
For the six months, revenue was USD 2,040.57 million compared to USD 1,850.1 million a year ago. Net income was USD 658.16 million compared to USD 539.53 million a year ago. Basic earnings per share from continuing operations was USD 0.69 compared to USD 0.57 a year ago. Diluted earnings per share from continuing operations was USD 0.68 compared to USD 0.56 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.