Copart said service revenue for the 3-month period ended October 31, 2024 rose $126.8 million, or 14.8%, from a year earlier. It said U.S. revenue increased $97.5 million and international revenue increased $29.3 million.

1. 01

   Copart said service revenue for the 3-month period ended October 31, 2024 rose $126.8 million, or 14.8%, from a year earlier. It said U.S. revenue increased $97.5 million and international revenue increased $29.3 million.

2. 02

   The company said facility operations expenses for the 3 months rose $88.0 million, or 21.6%, from a year earlier. It cited $29 million in one-time CAT costs tied to Hurricanes Helene and Milton as included in the U.S. increase.

3. 03

   The company said general and administrative expenses for the 3 months rose $37.1 million, or 54.0%, from a year earlier. Excluding depreciation and amortization, it cited third-party outside services, including legal, compliance and system implementations, as factors behind the U.S. increase.

4. 04

   The company said $220.5 million of the $3.7 billion in cash, cash equivalents and restricted cash as of October 31, 2024 was held by its foreign subsidiaries. It also said there were no borrowings outstanding under the Revolving Loan Facility on the same date.

Key figures

Quarter ended October 31, 2024

Revenue

$1.1B

Operating income

$406M

Net income

$362M

EPS

$0.37

Operating cash flow

$482M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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