Copart Inc. (NASDAQ: CPRT) reported a 22.9% increase in net income during its fiscal fourth-quarter ended July 31as the auto salvage auction company benefited from higher revenue, as total loss frequency has increased, and improved margins. The company said net income attributable to Copart rose to $396 million, or 41 cents per share, for the […]
Copart Reports Second Quarter Fiscal Revenue of $1.16 Billion
Copart, Inc. (NASDAQ: CPRT) reported financial results for its fiscal second quarter ended January 31, 2025. For the three months ended January 31, revenue, gross profit, and net income attributable to Copart, Inc. were $1.16 billion, $525.6 million, and $387.4 million, respectively. These represent an increase in revenue of $143.2 million, or 14.0%; an increase […]
Copart Reports Fiscal First Quarter Revenue of $1.15 Billion
Copart, Inc. (NASDAQ: CPRT) reported for its fiscal first quarter ended October 31 revenue was $1.15 billion, gross profit was $512.1 million, and net income attributable to Copart, Inc. was $362.1 million. These represent an increase in revenue of $126.4 million, or 12.4%; an increase in gross profit of $48.1 million, or 10.4%; and an […]
Copart Reports Fiscal 2024 Full Year Revenue Up 9.5% to $4.2 Billion
Copart, Inc. (NASDAQ: CPRT) reported financial results for the quarter ended July 31, revenue, gross profit, and net income attributable to Copart, Inc. were $1.1 billion, $454 million, and $323 million, respectively. These represent an increase in revenue of $71.4 million, or 7.2%; a decrease in gross profit of $(4.0) million, or (0.9)%; and a […]
Copart Reports Fiscal Third Quarter Fiscal Revenue of $1.13 Billion
Copart, Inc. (NASDAQ: CPRT) reported financial results for its fiscal third quarter ended April 30, 2024. Revenue was $1.13 billion, up $105.4 million or 10.3% from the same period last year. Gross profit and net income attributable to Copart, Inc. were $525.5 million, and $382.3 million, respectively. These represent an increase in gross profit of […]
Jeff Liaw Named CEO and Director at Copart
Jay Adair named Executive Chairman. Copart, Inc. (NASDAQ: CPRT) announced that its Board of Directors has appointed Jeff Liaw as the company’s sole Chief Executive Officer (CEO) and as a member of the Board of Directors. Liaw has been serving as Co-CEO since March 2022. In addition, Jay Adair, who served as the Company’s CEO […]
Copart Invests in Heavy Equipment Auction Company Purple Wave
Copart, Inc. (NASDAQ: CPRT) today announced a new strategic investment and partnership with Purple Wave, Inc., an online offsite heavy equipment auction company. Founded in 2000, Purple Wave is a pioneer in the online equipment auction industry, facilitating the sale of construction, agriculture and fleet equipment directly from a seller’s location through its no-reserve auction […]
Copart Reports Revenue Up Nearly 13% in Fiscal Fourth Quarter
Copart, Inc. (NASDAQ: CPRT) today reported revenue for its fiscal fourth quarter ended July 31, $997.6 million an increase in revenue of $114.2 million, or 12.9% from the same period a year ago. Gross profit for the quarter was $457.6 million, up $76.0 million, or 19.9% from the previous year. Net income was $347.8 million […]
Copart Reports Fiscal Third Quarter Revenue Up Nearly 9%
Copart, Inc. (NASDAQ:CPRT) reported for the three months ended April 30, revenue was $1,021.8 million, an increase in revenue of $81.9 million, or 8.7% from the same period a year ago. Gross profit was $483.4 million, an increase of $47.2 million, or 10.8%, and net income was $350.4 million an increase of $71.8 million, or […]
Copart Announces Hiring of New Chief Financial Officer and Chief Legal Officer
Copart, inc. (NASDAQ:CPRT) announced the addition of two new members to its leadership team today: Chief Financial Officer Leah Stearns and Chief Legal Officer Paul Kirkpatrick. Stearns will lead Copart’s finance and accounting functions to help enable the company’s continuing profitable growth. She is a seasoned Fortune 500 executive, serving most recently as chief financial […]
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