From Nasdaq.: 2024-11-22 10:40:00

Copart, Inc. (CPRT) reported Q1 fiscal 2025 earnings per share of 37 cents, matching estimates with an 8.8% increase from last year. Revenues of $1.15 billion beat estimates by $40 million, a 12.4% increase. Service revenues were up to $986.3 million, while vehicle sales fell to $160.5 million. Operating income rose to $740.5 million.

Copart had $3.7 billion in cash as of Oct. 31, 2024, with net cash from operations at $482.3 million and capex at $236.8 million. The company’s Zacks Rank is currently at #2 (Buy). Other top-ranked auto stocks include Dorman Products, Inc. (DORM), Tesla, Inc. (TSLA), and BYD Company Limited (BYDDY).

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Read more at Nasdaq.: Copart Q1 Earnings Match Expectations, Revenues Increase Y/Y