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Copart beats Q2 estimates, shares edge higher

Published 20/02/2025, 23:04
Copart beats Q2 estimates, shares edge higher
CPRT
0.25%

DALLAS - Copart, Inc. (NASDAQ:CPRT) reported better-than-expected second quarter results, with earnings and revenue surpassing analyst estimates. The online vehicle auction company’s shares rose 1.3% following the announcement.

For the quarter ended January 31, 2025, Copart posted adjusted earnings per share of $0.40, exceeding the analyst consensus of $0.37. Revenue came in at $1.16 billion, topping expectations of $1.13 billion and representing a 14% increase YoY.

The company’s net income attributable to Copart rose 19% to $387.4 million compared to the same period last year. Total (EPA:TTEF) service revenues and vehicle sales grew 14% to $1.16 billion.

Copart’s gross profit increased 13.2% to $525.6 million. The company saw a 15% rise in service revenues, which reached $991.3 million for the quarter.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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