Copart (CPRT) Tops Q2 EPS by 7c
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Copart Reports Second Quarter Fiscal 2018 Financial Results
February 26, 2018 8:58 AM ESTDALLAS--(BUSINESS WIRE)-- Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended January 31, 2018.
For the three months ended January 31, 2018, revenue, gross margin, and net income were $459.1 million, $191.6 million, and $103.3 million, respectively. These represent an increase in revenue of $109.6 million, or 31.3%; an increase in gross margin of $44.8 million, or 30.6%; and an increase in net income of $37.2 million, or 56.3%, respectively, from the same quarter last year. Fully diluted earnings per share for the three months were $0.43 compared to $0.28 last year, an increase of 53.6%.
For the six months ended January 31, 2018, revenue, gross margin,... More
