Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter ended April 30.
For the three months ended April 30, 2017, revenue of $373.9 million an increase of $26.6 million, or 7.7 percent over the same quarter in the previous year. Gross margin was $172.5 million, an increase of $14.9 million, or 9.4 percent for the quarter. Net income was $90.5 million, an increase of $15.9 million, or 21.3 percent from the same quarter last year.
For the nine months ended April 30, 2017, revenue, gross margin, and net income were $1.1 billion, $464.6 million, and $323.9 million, respectively. These represent