COPART INC
For the period ended Jan 31, 2024. Filed Feb 27, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 31, 2024 · Filed Feb 27, 2024
CPRT$32.30-0.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
| Three Months Ended January 31, | Six Months Ended January 31, | |||
|---|---|---|---|---|
| (In thousands, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Service revenues and vehicle sales: | ||||
| Service revenues | $861,745 | $789,797 | $1,721,281 | $1,516,637 |
| Vehicle sales | 158,404 | 166,927 | 319,284 | 333,459 |
| Total service revenues and vehicle sales | 1,020,149 | 956,724 | 2,040,565 | 1,850,096 |
| Operating expenses: | ||||
| Yard operations | 409,178 | 375,497 | 817,679 | 748,274 |
| Cost of vehicle sales | 146,819 | 154,727 | 294,715 | 305,839 |
| General and administrative | 84,252 | 60,975 | 152,895 | 118,955 |
| Total operating expenses | 640,249 | 591,199 | 1,265,289 | 1,173,068 |
| Operating income | 379,900 | 365,525 | 775,276 | 677,028 |
| Other income (expense): | ||||
| Interest income, net | 33,956 | 14,480 | 65,961 | 18,902 |
| Other expense, net | (3,103) | (2,902) | (7,175) | (5,724) |
| Total other income | 30,853 | 11,578 | 58,786 | 13,178 |
| Income before income taxes | 410,753 | 377,103 | 834,062 | 690,206 |
| Income tax expense | 85,226 | 83,426 | 176,003 | 150,681 |
| Net income | 325,527 | 293,677 | 658,059 | 539,525 |
| Less: Net income/(loss) attributable to redeemable noncontrolling interest | (108) | — | (103) | — |
| Net income attributable to Copart, Inc. | $325,635 | $293,677 | $658,162 | $539,525 |
| Basic net income per common share | $0.34 | $0.31 | $0.69 | $0.57 |
| Weighted average common shares outstanding | 960,525 | 952,752 | 959,326 | 952,474 |
| Diluted net income per common share | $0.33 | $0.30 | $0.68 | $0.56 |
| Diluted weighted average common shares outstanding | 974,589 | 965,072 | 973,135 | 964,476 |
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