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AI English summary of an SEC filing — figures as filed

Copart logoCopart CPRT

The company reported revenue of $1.13 billion, gross profit of $525.5 million, and net income attributable to the parent of $382.3 million for the 3 months ended April 30, 2024. Compared with the same period a year earlier, revenue rose 10.3%, gross profit rose 8.7%, and net income rose 9.1%.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company reported revenue of $1.13 billion, gross profit of $525.5 million, and net income attributable to the parent of $382.3 million for the 3 months ended April 30, 2024. Compared with the same period a year earlier, revenue rose 10.3%, gross profit rose 8.7%, and net income rose 9.1%.

  2. Copart said it reported revenue of $3.17 billion and net income attributable to the parent of $1.0 billion for the 9 months ended April 30, 2024. Diluted earnings per share were $1.07, up 16.3% from $0.92 a year earlier.

  3. The company said interest income, net rose 102.6% to $36,218 thousand over the 3 months, and operating income rose 4.4% to $437,203 thousand.

  4. Copart said net cash provided by operating activities was $1,033,343 thousand for the 9 months. It said it spent $2,478,505 thousand on investments in held-to-maturity securities and received $1,915,000 thousand from their sale.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Copart Q3 revenue, gross profit and net income for fiscal 2024

The company reported revenue of $1.13 billion, gross profit of $525.5 million, and net income attributable to the parent of $382.3 million for the 3 months ended April 30, 2024. Compared with the same period a year earlier, revenue rose 10.3%, gross profit rose 8.7%, and net income rose 9.1%.

Source · Based on the filing body and exhibits

9-Month Results and Diluted EPS

Copart said it reported revenue of $3.17 billion and net income attributable to the parent of $1.0 billion for the 9 months ended April 30, 2024. Diluted earnings per share were $1.07, up 16.3% from $0.92 a year earlier.

Source · Based on the filing body and exhibits

Quarterly Interest Income and Operating Income

The company said interest income, net rose 102.6% to $36,218 thousand over the 3 months, and operating income rose 4.4% to $437,203 thousand.

Source · Based on the filing body and exhibits

9-Month Operating Cash Flow and Investing Outflows and Inflows

Copart said net cash provided by operating activities was $1,033,343 thousand for the 9 months. It said it spent $2,478,505 thousand on investments in held-to-maturity securities and received $1,915,000 thousand from their sale.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.