Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter and year ended July 31, 2017.
For the three months ended July 31, 2017, revenue was $378.6 million, an increase of $45.9 million, or 13.8 percent versus the same quarter last year. Gross margin, and net income were, $167.5 million, and $70.3 million, respectively. These represent an increase in in gross margin of $26.0 million, or 18.4 percent; and a decrease in net income of $13.8 million, or 16.4 percent, respectively, from the same quarter last year.
Fully diluted earnings per share for the three months were $0.30 compared to $0.35