Copart said service revenues for the 3 months ended January 31, 2025 increased $129.5 million, or 15.0%, compared with the same period last year, including an increase in the U.S. of $112.1 million and an increase in International of $17.4 million.

1. 01

   Copart said service revenues for the 3 months ended January 31, 2025 increased $129.5 million, or 15.0%, compared with the same period last year, including an increase in the U.S. of $112.1 million and an increase in International of $17.4 million.

2. 02

   The company said facility operations expenses for the 3 months increased $80.9 million, or 19.8%, with the U.S. increase including one-time CAT costs of $27 million associated with hurricanes Helene and Milton. For the 6 months, one-time CAT costs were $56 million.

3. 03

   Copart said its effective tax rate for the 3 months was 16.5%, compared with 20.8% in the same period last year, and the recognition of excess tax benefits from stock option exercises was $23.7 million, compared with $4.6 million in the prior year.

4. 04

   The company said cash, cash equivalents, and restricted cash increased $1.8 billion as of January 31, 2025 compared with July 31, 2024, with $258.2 million of the total $3.3 billion held by foreign subsidiaries.

Key figures

Quarter ended January 31, 2025

Revenue

$1.2B

Operating income

$426M

Net income

$387M

EPS

$0.40

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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