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Copart Q1 Profit Rises

(RTTNews) - Copart Inc. (CPRT) reported that its net income for the first-quarter rose to $218.18 million or $0.91 per share from $114.08 million or $0.47 per share in the prior year.

Non-GAAP earnings per share for the quarter were $0.65 compared to $0.47 in the previous year.

Total service revenues and vehicle sales for the quarter grew to $554.42 million from $461.37 million in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.59 per share and revenues of $544.63 million for the quarter. Analysts' estimates typically exclude special items.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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