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 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
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Earnings Preview: Costco (COST) looks poised to end fiscal 2024 on a high note
Costco Wholesale Corporation (NASDAQ: COST), which operates a chain of membership warehouses, will unveil its fourth-quarter results on the evening of September 26. It has a good track record of
Key takeaways from General Mills’ (GIS) Q1 2025 earnings report
Shares of General Mills, Inc. (NYSE: GIS) gained over 1% on Wednesday after the company’s announcement of its first quarter 2025 earnings results. Revenue came in line with estimates while
GIS Earnings: All you need to know about General Mills’ Q1 2025 earnings results
General Mills, Inc. (NYSE: GIS) reported its first quarter 2025 earnings results today. Net sales decreased 1% year-over-year to $4.8 billion. Organic sales were down 1%. Net earnings attributable to
