Copart said service revenues for the 3 months ended April 30, 2025 increased $88.2 million (9.3%) compared with the same period last year, and service revenues for the 9 months increased $344.5 million (12.9%).

1. 01

   Copart said service revenues for the 3 months ended April 30, 2025 increased $88.2 million (9.3%) compared with the same period last year, and service revenues for the 9 months increased $344.5 million (12.9%).

2. 02

   The company said facility operations expenses for the 9 months increased $219.8 million (17.5%) compared with the same period last year, with the U.S. increase including one-time catastrophe costs of $56 million related to hurricanes Helene and Milton.

3. 03

   Copart said cash, cash equivalents, and restricted cash increased $852.4 million as of April 30, 2025 compared with July 31, 2024, and working capital increased $912.4 million. As of the same date, $323.0 million of $2.4 billion was held by foreign subsidiaries.

4. 04

   The company said there were no borrowings under the Revolving Loan Facility as of April 30, 2025 and July 31, 2024. It also said there were no share repurchases during the 9 months, and 326 million shares remained available for repurchase as of April 30, 2025.

Key figures

Quarter ended April 30, 2025

Revenue

$1.2B

Operating income

$452M

Net income

$407M

EPS

$0.42

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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