- In the third quarter, the company’s total revenues from service and vehicle sales increased 8.7% annually to $1.02 billion
- Services revenue moved up 10.6% annually, while vehicle sales revenue edged up 0.6%
- Net income was $350.4 million or $0.72 per share, compared to $278.6 million or $0.58 per share in the prior-year period
- Adjusted profit, excluding the impact of certain income tax benefits related to stock-based compensation, was $0.72 per share
- Operating income came in at $418.9 million in Q3 2023, up from $372.8 million reported in the same period of 2022
- At $483.4 million, third-quarter gross profit was up 10.8% year-over-year
- There was a 6.3% annual increase in total operating expenses to $602.9 million during the three-month period
Market News
CPRT Earnings: A snapshot of Copart’s Q3 2023 results
Copart, Inc. (NASDAQ: CPRT), a leading online vehicle auctions company, has announced financial results for the third quarter of 2023, reporting an increase in earnings and revenues. In the third quarter, the company’s total revenues from service and vehicle sales increased 8.7% annually to $1.02 billion Services revenue moved up 10.6% annually, while vehicle sales revenue […]
“Copart, Inc. (NASDAQ: CPRT), a leading online vehicle auctions company, has announced financial results for the third quarter of 2023, reporting an increase in earnings and revenues. In the third quarter, the company’s total revenues from service and vehicle sales increased 8.7% annually to $1.02 billion Services revenue moved up 10.6% annually, while vehicle sales revenue […]
· May 22, 2023
Copart, Inc. (NASDAQ: CPRT), a leading online vehicle auctions company, has announced financial results for the third quarter of 2023, reporting an increase in earnings and revenues.
ADVERTISEMENT