Copart, Inc. (NASDAQ: CPRT) last week reported its financial results for the quarter ended October 31.
For the quarter ended October 31 revenue was $419.2 million, gross margin was $163.3 million, and net income was $77.5 million. These represent an increase in revenue of $73.2 million, or 21.1 percent; an increase in gross margin of $18.0 million, or 12.4 percent; and a decrease in net income of $89.8 million, or 53.7 percent, respectively, from the same quarter last year. Fully diluted earnings per share for the three months were $0.32 compared to $0.70 last year, a decrease of 54.3 percent.
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