Copart, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended July 31, 2023
September 14, 2023 at 04:11 pm EDT
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Copart, Inc. reported earnings results for the fourth quarter and full year ended July 31, 2023. For the fourth quarter, the company reported revenue was USD 997.59 million compared to USD 883.39 million a year ago. Net income was USD 347.79 million compared to USD 263.74 million a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to USD 0.28 a year ago. Diluted earnings per share from continuing operations was USD 0.36 compared to USD 0.27 a year ago.
For the full year, revenue was USD 3,869.52 million compared to USD 3,500.92 million a year ago. Net income was USD 1,237.74 million compared to USD 1,090.13 million a year ago. Basic earnings per share from continuing operations was USD 1.3 compared to USD 1.15 a year ago. Diluted earnings per share from continuing operations was USD 1.28 compared to USD 1.13 a year ago.
Copart, Inc. is one of the world's leading providers of online auction and vehicle resale services. Net sales break down by activity as follows:
- services (82.6%);
- vehicle sales (17.4%).
The United States account for 82.4% of net sales.
COPART, INC. 
