Categories Earnings, Industrials

Earnings Summary: Copart reports Q1 2024 financial results

Copart, Inc. (NASDAQ: CPRT), a leading online vehicle auction company, reported higher earnings and revenues for the first quarter of 2024.

  • First-quarter revenues came in at $1.02 billion, which is up 14.2% from the year-ago quarter
  • Net income increased by 35.3% year-over-year to $332.5 million during the three-month period
  • Copart said its October-quarter gross profit advanced by 25.6% from last year to $464 million
  • Earnings per share, on a reported basis, was $0.34 in the first quarter, compared to $0.25 last year

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