Copart(US:CPRT)2025-05-22 20:15Revenue and Income - For the three months ended April 30, 2025, revenue was $1.2 billion, representing an increase of $84.5 million, or 7.5% year-over-year[4] - Net income attributable to Copart, Inc. for the quarter was $406.6 million, reflecting a year-over-year increase of $24.3 million, or 6.4%[4] - For the nine months ended April 30, 2025, revenue totaled $3.5 billion, up $354.0 million, or 11.2% from the same period last year[5] - Net income for the nine months ended April 30, 2025, was $1,153,055, an increase of 10.9% compared to $1,040,169 in 2024[17] Profitability Metrics - Gross profit for the same period was $552.3 million, an increase of $26.8 million, or 5.1% compared to the previous year[4] - The company reported a fully diluted earnings per share of $0.42 for the quarter, an increase of 7.7% from $0.39 in the prior year[4] - Operating income for the three months ended April 30, 2025, was $451.5 million, a 3.3% increase from the previous year[13] Assets and Cash Flow - Total current assets as of April 30, 2025, were $5.36 billion, compared to $4.42 billion as of July 31, 2024[15] - Total assets increased to $9.67 billion from $8.43 billion over the same period[15] - Cash and cash equivalents increased to $2.37 billion from $1.51 billion year-over-year[15] - Cash, cash equivalents, and restricted cash at the end of the period reached $2,366,499, compared to $1,089,995 at the end of the previous year[17] - Net cash provided by operating activities increased to $1,361,274, up 31.7% from $1,033,343 in the previous year[17] Investment and Expenses - Net cash used in investing activities decreased to $559,049, a reduction of 39.1% from $916,494 in 2024[17] - Purchases of property and equipment totaled $481,349, an increase from $373,104 in the previous year[17] - Income taxes paid, net of refunds, rose to $318,989, compared to $266,400 in 2024, reflecting a 19.7% increase[17] Operational Highlights - The company sold more than 4 million units in the last year, with operations in over 250 locations across 11 countries[7] - The effect of foreign currency translation contributed $5,990 to cash flows, compared to $4,862 in 2024[17] - The company reported a gain on the sale of property and equipment of $4,533, compared to $3,453 in the previous year[17] - The allowance for credit loss was significantly reduced to $153 from $2,513 in the previous year[17] Stock and Equity - Proceeds from the exercise of stock options increased to $40,171, up 97.5% from $20,377 in the previous year[17]