Copart, Inc. (NASDAQ:CPRT) reported financial results for its fiscal first quarter ended October 31. For the quarter, revenue was $554.4 million, up 93.1 million or 20.2% over the same period last year. Gross profit was $254.9 million and net income was $218.2 million. These represent an increase in gross profit of $59.0 million, or 30.1%; and an increase in net income of $104.1 million, or 91.2%, respectively, from the same period last year. Fully diluted earnings per share for the three months were $0.91 compared to $0.47 last year, an increase of 93.6%.
Excluding the impact of discrete income tax
Subscribers need to be logged in to see this part of the content. Please Login to access. Or, if you haven't previously subscribed, click here for information on our satisfaction guaranteed subscription options.