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 operates online vehicle auction platforms and vehicle remarketing services for insurance companies, financial institutions, dealers, rental car companies, charities, fleet operators and individuals. Its auctions connect consigners with buyers such as dealers, dismantlers, rebuilders, exporters and the general public across operations in North America, Europe, South America and the Middle East.
News about CPRT commonly covers quarterly and annual earnings, auction volume and margin trends, segment reporting, conference-call schedules and technology or payments integrations tied to total-loss claims, title processing, lienholder payments and loan payoff workflows.
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.
Copart has appointed Jeff Liaw as co-CEO, effective April 1, 2022, alongside Jay Adair, who continues his leadership role. Jeff, who joined Copart in 2016, previously served as President and CEO North America. His experience includes roles as CFO of FleetPride and a principal at TPG Capital. Chairman Willis Johnson praised Jeff's innovation and leadership skills, while Jay expressed confidence in their collaboration for future growth. Copart, a leader in online vehicle auctions with operations in over 11 countries, emphasizes innovation and customer service for profitable growth.
Copart, Inc. (NASDAQ: CPRT) reported robust financial results for the quarter ending January 31, 2022. Revenue reached $867.5 million, marking a 40.6% increase year-over-year. Gross profit improved to $403.3 million, up by 31.2%, while net income surged by 48.6% to $287.4 million. Fully diluted earnings per share (EPS) climbed to $1.19, a 46.9% increase from $0.81 the previous year. For the six-month period, revenue totaled $1,677.6 million, with net income rising 39.1% to $547.8 million. Non-GAAP EPS for the quarter was $1.10, up 37.5%, reflecting strong operational performance.
Copart, Inc. (NASDAQ: CPRT) will announce its second quarter earnings for fiscal 2022 on February 16, 2022, after market close. A conference call to discuss these results is scheduled for February 17, 2022, at 11:00 a.m. ET. Investors can access the call live on the company's investor relations website. Founded in 1982, Copart is a leader in online vehicle auctions, connecting sellers to over 750,000 members globally.
Copart, Inc. (NASDAQ: CPRT) reported robust financial results for the quarter ended October 31, 2021. Revenue surged to $810.1 million, a 36.6% increase year-over-year, and gross profit rose to $385.0 million, reflecting a 29.7% jump. Net income reached $260.4 million, up 30.0%. Fully diluted earnings per share climbed to $1.08, a 30.1% increase from last year. Non-GAAP earnings per share improved 35.4% to $1.07 after adjusting for stock-based compensation. Copart will host a conference call on November 18, 2021, to discuss these results.