Welcome to our dedicated page for Copart news (Ticker: CPRT), a resource for investors and traders seeking the latest updates and insights on Copart stock.
Copart Inc (CPRT), established in 1982, has become a pivotal player in the online vehicle remarketing industry. Headquartered in Dallas, Texas, the company provides a robust platform for connecting buyers and sellers of used and salvage vehicles worldwide. Utilizing its cutting-edge VB3 technology, Copart facilitates seamless online auctions, making it easier for insurance companies, banks, finance firms, fleet owners, and car dealerships to sell vehicles. The company also serves individual sellers and buyers, including dismantlers, rebuilders, exporters, and end users.
Copart's operations span across multiple countries including the United States, Canada, the United Kingdom, Brazil, Germany, the United Arab Emirates, and Spain. Each day, the company lists nearly 100,000 vehicles such as early and late model cars, classic cars, trucks, SUVs, motorcycles, boats, jetskis, snowmobiles, and RVs. The conditions of these vehicles range from slightly damaged to total loss, often sourced from auto insurance companies.
With more than 750,000 registered members in over 150 countries, Copart handles approximately 3.5 million transactions annually. The company's VB3 platform provides a seamless user experience for its diverse customer base. Copart operates primarily on a consignment basis, earning fees based on the final selling price of the vehicles.
In addition to its core auction services, Copart offers a range of auxiliary services including vehicle transportation, secure storage, title transfer, and salvage value estimation. These services add significant value for both sellers and buyers, ensuring a smooth and efficient transaction process.
Recent achievements and expansions have further solidified Copart's position in the market. The company's extensive inventory, innovative technology, and international reach continue to attract a broad spectrum of customers. As Copart evolves, it remains committed to providing exceptional service and maintaining its status as a leader in the vehicle remarketing industry.
Copart (NASDAQ: CPRT) reported strong financial results for Q1 FY2025 ended October 31, 2024. The company achieved revenue of $1.15 billion, up 12.4% year-over-year, with a gross profit of $512.1 million, increasing 10.4%. Net income rose 8.9% to $362.1 million, while fully diluted earnings per share reached $0.37, up 8.8% from $0.34 in the previous year.
Copart (NASDAQ: CPRT) has scheduled its first quarter fiscal 2025 earnings release for Thursday, November 21, 2024, after 4:00 p.m. Eastern Time. The company will host a conference call at 5:30 p.m. Eastern Time to discuss the results, which will be accessible via webcast at www.copart.com/investorrelations. A replay will be available through February 2025. Copart, founded in 1982, is a global leader in online vehicle auctions, operating in 11 countries with over 250 locations. The company sold more than 4 million units last year, connecting vehicle consigners to approximately 1 million members across 185 countries.
Copart (NASDAQ: CPRT) reported its Q4 and full-year fiscal 2024 financial results. For Q4, revenue increased by 7.2% to $1.1 billion, while gross profit decreased by 0.9% to $454 million. Net income attributable to Copart decreased by 7.3% to $323 million. Fully diluted EPS for Q4 was $0.33, down 8.3% year-over-year.
For the full fiscal year 2024, Copart's revenue grew 9.5% to $4.2 billion, gross profit increased 9.8% to $1.9 billion, and net income rose 10.1% to $1.4 billion. Full-year diluted EPS was $1.40, up 9.4% from the previous year. The company will host a conference call on September 4, 2024, to discuss the results.
Copart, Inc. (NASDAQ: CPRT) has announced the release of its fourth quarter fiscal 2024 earnings on Wednesday, September 4, 2024, after 4:00 p.m. Eastern Time. The company will conduct a conference call at 5:30 p.m. Eastern Time to discuss the results. Investors can access the webcast live at www.copart.com/investorrelations, with a replay available through November 2024.
Copart, founded in 1982, is a global leader in online vehicle auctions, connecting consigners to approximately 1 million members across 185+ countries. The company operates in 11 countries with over 250 locations, selling more than 4 million units last year. Copart offers remarketing services to various entities, including insurance companies, financial institutions, and individuals.
Copart, a global leader in online vehicle auctions, announced that CFO Leah Stearns will participate in a fireside chat at Baird's Global Consumer, Technology & Services Conference on June 6, 2024. The event will be live-streamed at 10:15 am ET and accessible via Copart's investor relations website. Founded in 1982, Copart connects vehicle consigners with buyers in over 185 countries, selling over 4 million units last year through its innovative online platforms. The company operates across 11 countries with 250 locations, offering services to insurance companies, financial institutions, dealers, and more.
Copart (NASDAQ: CPRT) announced its financial results for Q3 of fiscal 2024, ending April 30, 2024. The company reported revenue of $1.13 billion, gross profit of $525.5 million, and net income of $382.3 million, reflecting year-over-year increases of 10.3%, 8.7%, and 9.1%, respectively. Fully diluted EPS rose by 8.3% to $0.39. For the first nine months, revenue was $3.17 billion, gross profit $1.5 billion, and net income $1.0 billion, showing increases of 10.3%, 13.6%, and 16.9%, respectively. EPS for nine months increased by 16.3% to $1.07. A conference call to discuss these results is scheduled for May 16, 2024.
Copart, Inc. (NASDAQ: CPRT) will release earnings for the third quarter of fiscal 2024 on May 16, 2024, followed by a conference call. Founded in 1982, Copart is a global leader in online vehicle auctions, connecting consigners to 1 million members in 185 countries. With operations in 11 countries, Copart sold over 4 million units last year.
FAQ
What is the current stock price of Copart (CPRT)?
What is the market cap of Copart (CPRT)?
What does Copart Inc (CPRT) do?
Where does Copart operate?
Who are Copart's primary customers?
What technology does Copart use for auctions?
How many transactions does Copart handle annually?
What types of vehicles does Copart sell?
How does Copart make money?
What additional services does Copart offer?
How large is Copart's customer base?
What is Copart's inventory size?
