FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
DALLAS - Copart, Inc. (NASDAQ:CPRT) reported third quarter earnings that met expectations, but revenue fell short of analyst estimates, sending shares down 3.9% in after-hours trading Thursday.
The online vehicle auction company posted earnings per share of $0.42 for the quarter ended April 30, 2025, in line with Wall Street forecasts. Revenue came in at $1.21 billion, missing the consensus estimate of $1.23 billion.
Compared to the same quarter last year, revenue increased 7.5% from $1.13 billion. Net income attributable to Copart rose 6.4% year-over-year to $406.6 million.
The company reported service revenues of $1.03 billion, up 9.3% YoY. Vehicle sales declined 2.1% to $176.9 million.
For the first nine months of fiscal 2025, Copart’s revenue increased 11.2% to $3.52 billion, while net income rose 11.1% to $1.16 billion compared to the same period last year.
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