The company said it recorded revenue of $1.15 billion, gross profit of $512.1 million, and net income attributable to Copart, Inc. of $362.1 million for the 3 months ended October 31, 2024. It said these were up 12.4%, 10.4%, and 8.9%, respectively, from the same period last year.

1. 01

   The company said it recorded revenue of $1.15 billion, gross profit of $512.1 million, and net income attributable to Copart, Inc. of $362.1 million for the 3 months ended October 31, 2024. It said these were up 12.4%, 10.4%, and 8.9%, respectively, from the same period last year.

2. 02

   Copart said service revenues rose 14.8% to $986,336 thousand, while vehicle sales revenue fell 0.2% to $160,493 thousand. It said facility operations expenses increased 21.6% to $447,245 thousand.

3. 03

   The company said operating income rose 2.8% to $406,367 thousand, and interest income, net, increased 42.3% to $45,547 thousand. Diluted earnings per share were $0.37, up 8.8% from $0.34 a year earlier.

4. 04

   Copart said net cash provided by operating activities for the 3 months was $482,274 thousand, and it spent $236,758 thousand on purchases of property and equipment. Proceeds of $1,940,000 thousand from the sale of held-to-maturity securities came in, and cash, cash equivalents, and restricted cash ended the period at $3,698,118 thousand.

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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

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