Copart, Inc. (CPRT) reported an increase in its third-quarter profit, aligning with Wall Street expectations.
The company posted a net income of $382.29 million, or $0.39 per share, compared to $350.43 million, or $0.36 per share, in the same quarter last year.
Analysts, as surveyed by Thomson Reuters, had projected earnings of $0.39 per share, typically excluding special items.
Revenue for the quarter rose by 10.8%, reaching $1.13 billion from $1.02 billion in the previous year.
Key Financial Metrics (GAAP):
- Third-quarter earnings: $382.29 million, up from $350.43 million last year.
- Earnings per share (EPS): $0.39, up from $0.36 last year.
- Quarterly revenue: $1.13 billion, up from $1.02 billion last year.
