Copart Inc Stock Price, News & Analysis

Copart, Inc. (NASDAQ: CPRT) reported Q4 financial results, revealing revenue of $893.4 million, a 10.3% increase year-over-year. However, gross profit decreased by 4.0% to $369.5 million, along with net income falling 5.6% to $245.8 million. Fully diluted earnings per share dropped to $0.51 from $0.54 last year. The hurricane impact in September resulted in $25 million of additional costs. Non-GAAP earnings per share saw a decrease of 3.8%. A conference call is scheduled for November 17, 2022, to discuss these results.

Copart, Inc. (NASDAQ: CPRT) has released its inaugural Fiscal Year 2022 Environmental, Social, and Governance (ESG) report titled "Leading with Sustainable Growth." The report outlines Copart's commitment to sustainability, showcasing efforts in the circular economy through vehicle recycling, promoting diversity within its workforce, and providing disaster relief services. Key contributions include facilitating mobility and economic advancement, alongside investments in sustainable energy. Co-CEO Jeff Liaw highlighted Copart's dedication to environmental stewardship and governance principles established over its 40-year history.

Copart, Inc. (NASDAQ: CPRT) will release its earnings for Q1 fiscal 2023 after market close on November 16, 2022. A conference call to discuss these results is scheduled for November 17, 2022, at 11:00 a.m. Eastern Time. Interested parties can access the live webcast through the company's investor relations website. Copart specializes in online vehicle auctions and serves a global customer base from over 200 locations in 11 countries, facilitating the sale of more than 250,000 vehicles daily.

The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine has designated Copart Inc (CPRT) as the "Stock to Study" and Charter Communications Inc (CHTR) as the "Undervalued Stock" in the December 2022 issue. Noting the significant downturn in equity indexes in 2022, the committee emphasizes opportunities for investors to acquire stocks at discounted prices. BetterInvesting encourages investors to utilize its online tools for stock analysis. The committee's selections serve an educational purpose and are not endorsements for purchase.

Copart, Inc. (NASDAQ: CPRT) reported strong financial results for the quarter and year ended July 31, 2022. Quarterly revenue reached $883.4 million, up 18.0% year-over-year, with gross profit at $381.6 million (+6.7%) and net income at $263.7 million (+3.0%). Fully diluted EPS increased to $1.10, a rise of 3.8%. For the fiscal year, revenue was $3.5 billion (+30.0%), gross profit $1.6 billion (+19.6%), and net income $1.1 billion (+16.4%). Non-GAAP EPS for the year improved to $4.46, up 20.5%.

Copart, Inc. (NASDAQ: CPRT) will release its fourth quarter fiscal 2022 earnings after market close on September 7, 2022. A conference call to discuss the results is scheduled for September 8, 2022, at 11:00 a.m. ET, available via webcast. The company, a leader in online vehicle auctions, operates in over 170 countries and has more than 250,000 vehicles available online daily. Investors can access the earnings call replay until November 2022.

Lazydays Holdings Inc. (Nasdaq: LAZY) has appointed John North as the new Chief Executive Officer, effective September 6, 2022. North, who previously served as CFO of Copart (Nasdaq: CPRT), brings extensive leadership experience in multi-unit dealership operations. His appointment aims to enhance Lazydays' growth strategy and shareholder value. Chris Shackelton, Chairman of the Board, expressed confidence in North's operational strengths and capital allocation skills. The company recognizes its solid foundation and aims to capitalize on new investment opportunities.

Copart, Inc. (NASDAQ: CPRT) reported financial results for the quarter ended April 30, 2022, with revenue reaching $939.9 million, a 28.1% increase year-over-year. Gross profit was $436.3 million, up 14.4%, while net income decreased by $8.2 million, or 2.9%, totaling $278.6 million. Fully diluted EPS fell to $1.16, down 2.5% from last year. For the nine-month period, revenue rose 34.7% to $2,617.5 million, and net income increased by 21.4% to $826.4 million, with EPS up 20.8% to $3.42.

Copart, Inc. (NASDAQ: CPRT) will release its earnings for Q3 fiscal 2022 on May 18, 2022, after market close. A conference call to discuss the results is scheduled for May 19, 2022, at 11:00 a.m. ET. The call will be accessible via webcast. Copart, a leader in online vehicle auctions, operates in over 200 locations across 11 countries and offers a platform connecting sellers with over 750,000 members globally.