COPART INC
For the period ended Apr 30, 2024. Filed May 23, 2024.
View on SEC.govAbout this filing
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.
Apr 30, 2024 · Filed May 23, 2024
CPRT$32.30-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
| Three Months Ended April 30, | Nine Months Ended April 30, | |||
|---|---|---|---|---|
| (In thousands, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Service revenues and vehicle sales: | ||||
| Service revenues | $946,630 | $847,249 | $2,667,911 | $2,363,886 |
| Vehicle sales | 180,629 | 174,582 | 499,913 | 508,041 |
| Total service revenues and vehicle sales | 1,127,259 | 1,021,831 | 3,167,824 | 2,871,927 |
| Operating expenses: | ||||
| Yard operations | 438,873 | 378,958 | 1,256,552 | 1,127,232 |
| Cost of vehicle sales | 162,881 | 159,443 | 457,596 | 465,282 |
| General and administrative | 88,302 | 64,506 | 241,197 | 183,461 |
| Total operating expenses | 690,056 | 602,907 | 1,955,345 | 1,775,975 |
| Operating income | 437,203 | 418,924 | 1,212,479 | 1,095,952 |
| Other income (expense): | ||||
| Interest income, net | 36,218 | 17,878 | 102,179 | 36,780 |
| Other (expense) income, net | (1,309) | 3,628 | (8,484) | (2,096) |
| Total other income | 34,909 | 21,506 | 93,695 | 34,684 |
| Income before income taxes | 472,112 | 440,430 | 1,306,174 | 1,130,636 |
| Income tax expense | 90,002 | 89,999 | 266,005 | 240,680 |
| Net income | 382,110 | 350,431 | 1,040,169 | 889,956 |
| Less: Net income/(loss) attributable to redeemable noncontrolling interest | (181) | — | (284) | — |
| Net income attributable to Copart, Inc. | $382,291 | $350,431 | $1,040,453 | $889,956 |
| Basic net income per common share | $0.40 | $0.37 | $1.08 | $0.93 |
| Weighted average common shares outstanding | 961,813 | 953,574 | 960,143 | 952,834 |
| Diluted net income per common share | $0.39 | $0.36 | $1.07 | $0.92 |
| Diluted weighted average common shares outstanding | 976,445 | 967,380 | 974,226 | 965,436 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.