Copart, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended April 30, 2023
May 17, 2023 at 04:10 pm EDT
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Copart, Inc. reported earnings results for the third quarter and nine months ended April 30, 2023. For the third quarter, the company reported revenue was USD 1,021.83 million compared to USD 939.94 million a year ago. Net income was USD 350.43 million compared to USD 278.62 million a year ago. Basic earnings per share from continuing operations was USD 0.365 compared to USD 0.295 a year ago. Diluted earnings per share from continuing operations was USD 0.36 compared to USD 0.29 a year ago.
For the nine months, revenue was USD 2,871.93 million compared to USD 2,617.53 million a year ago. Net income was USD 889.96 million compared to USD 826.4 million a year ago. Basic earnings per share from continuing operations was USD 0.935 compared to USD 0.87 a year ago. Diluted earnings per share from continuing operations was USD 0.92 compared to USD 0.855 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.
COPART, INC. 
