Welcome to our dedicated page for Copart news (Ticker: CPRT), a resource for investors and traders seeking the latest updates and insights on Copart stock.
Copart, Inc. (NASDAQ: CPRT) is a Dallas-based company that operates global online vehicle auctions and provides vehicle remarketing services. Founded in 1982, Copart’s public disclosures describe it as a global leader in online vehicle auctions, connecting vehicle consignors to approximately 1 million members in over 185 countries. This news page focuses on the company’s ongoing announcements, financial updates, and operational developments that matter to investors and industry participants.
Visitors to this CPRT news feed can review Copart’s press releases on quarterly and annual financial results, which are often accompanied by details on revenue, gross profit, net income, and segment performance for the United States and international operations. The company regularly announces the timing of its earnings releases and related conference calls, providing investors with schedules for webcasts and replays.
Beyond earnings, Copart’s news also covers business collaborations and technology-related initiatives. For example, a recent release described a collaboration integrating Copart’s Title Express and Loan Payoff system with a digital payments platform to modernize lienholder payments for total loss vehicle claims. Such announcements illustrate how Copart’s online auction platforms and related systems interact with insurance carriers, lenders, and other participants in the vehicle remarketing process.
Because Copart operates at over 250 locations in 11 countries and sells more than 4 million units in the last year, its news can reflect trends in vehicle remarketing activity, cross-border buyer participation, and the company’s use of technology in its auction platforms. Investors, consignors, and buyers who follow CPRT news can use this page to monitor Copart’s reported financial performance, strategic relationships, and operational updates over time.
Copart, Inc. (NASDAQ: CPRT) reported its financial results for the quarter ended January 31, 2023. Revenue reached $956.7 million, a 10.3% increase year-over-year, while gross profit rose to $426.5 million, up 5.7%. Net income also saw a slight rise of 2.2%, totaling $293.7 million. For the six months ended January 31, 2023, revenue was $1,850.1 million, with a 10.3% year-over-year increase, although net income decreased by 1.5% to $539.5 million. Fully diluted earnings per share were $0.61 for the quarter, a 1.7% increase, while for six months, it decreased by 1.8% to $1.12.
Copart, Inc. (NASDAQ: CPRT) will release its second-quarter earnings for fiscal 2023 on February 20, 2023, after 4:00 p.m. ET. A conference call to discuss these results is scheduled for February 21, 2023, at 11:00 a.m. ET. The call will be available via webcast on their investor relations website. Founded in 1982, Copart is a global leader in online vehicle auctions, serving over 750,000 members across 190 countries, with over 250,000 vehicles listed daily. The company operates in over 200 locations worldwide, including the U.S., Canada, and several European and Middle Eastern countries.
Copart, Inc. (NASDAQ: CPRT) has announced the appointment of Leah Stearns as Chief Financial Officer and Paul Kirkpatrick as Chief Legal Officer, effective December 5, 2022. Stearns, a seasoned executive with experience at CBRE and American Tower, will oversee the finance and accounting departments. Kirkpatrick, formerly at BayoTech Hydrogen and Omnitracs, will manage legal affairs, succeeding Gregory DePasquale, who retires after 25 years. Copart, a leader in online vehicle auctions, continues its growth trajectory with these strategic hires.
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
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.
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