From Yahoo Finance: 2025-05-24 06:14:00

Shares of Copart Inc. (CPRT) plummeted 11.52% to $53.67 after missing earnings estimates and a drop in vehicle sales. Revenues were $1.21 billion, a 7.5% increase YoY, with service revenues up by 9.3%. Attributable net income rose by 6.4% to $406.6 million. CPRT ranks 6th among Friday’s worst-performing stocks.

The company’s vehicle sales dipped 2.1% to $177 million while service revenues increased by 9.3%. Revenues for the nine-month period rose by 11.2% to $3.5 billion, with vehicle sales up by 1.9%. Attributable net income increased by 11.1% to $1.1 billion.

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Read more at Yahoo Finance: Why Copart Inc. (CPRT) Crashed On Friday