Copart, Inc. (NASDAQ: CPRT), a leading online vehicle auction company, has reported a sharp increase in revenues and earnings for the second quarter of 2025.
- The company’s total service revenues and vehicle sales increased 14% from last year to $1.16 billion in the January quarter
- Service revenue moved up 15% and vehicle sales rose 8.6% in the second quarter
- Earnings, on a per-share basis, grew 21% annually to $0.40 during the three months
- Second-quarter net income was $387.4 million, up 19% from the prior-year period
- At $525.6 million, gross profit was up 13.2% during the three-month period
- Operating income increased to $426.2 million in Q2 from $379.9 million a year earlier