Copart, Inc. (NASDAQ:CPRT) reported financial results for its fiscal second quarter ended January 31. For the three months ended January 31, revenue, gross margin, and net income were $459.1 million, $191.6 million, and $103.3 million, respectively. These represent an increase in revenue of $109.6 million, or 31.3 percent; an increase in gross margin of $44.8 million, or 30.6 percent; and an increase in net income of $37.2 million, or 56.3 percent, respectively, from the same quarter last year. Fully diluted earnings per share for the three months were $0.43 compared to $0.28 last year, an increase of 53.6 percent.
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