Copart(US:CPRT)2025-11-20 21:16Revenue and Profitability - For the three months ended October 31, 2025, revenue was $1.16 billion, representing an increase of $8.2 million, or 0.7% year-over-year[4] - Gross profit for the same period was $537.0 million, an increase of $24.9 million, or 4.9% compared to the previous year[4] - Net income attributable to Copart, Inc. was $403.7 million, reflecting an increase of $41.6 million, or 11.5% year-over-year[4] - Fully diluted earnings per share increased to $0.41, up 11.7% from $0.37 in the same quarter last year[4] - Total service revenues and vehicle sales for Q3 2025 reached $1,155,030,000, a slight increase from $1,146,829,000 in Q3 2024, representing a growth of approximately 0.7%[19] - Operating income for Q3 2025 was reported at $430,694,000, up from $406,367,000 in Q3 2024, marking an increase of about 6%[19] - The total operating income margin improved to approximately 37.3% in Q3 2025 from 35.4% in Q3 2024[19] Revenue Breakdown - Service revenues were $991.8 million, a slight increase of 0.6% from $986.3 million in the prior year[12] - Vehicle sales revenue was $163.2 million, representing a 1.7% increase from $160.5 million year-over-year[12] - Service revenues in the United States amounted to $855,534,000, compared to $859,990,000 in the same period last year, indicating a decrease of about 0.5%[19] - Vehicle sales in the United States increased to $97,080,000 from $87,549,000 year-over-year, reflecting a growth of approximately 10.3%[19] - International service revenues reached $136,311,000, compared to $126,346,000 in the prior year, reflecting an increase of approximately 7.8%[19] - Facility operations revenue totaled $476,489,000, a decrease from $496,546,000 in the previous year, representing a decline of approximately 4%[19] Expenses and Cash Flow - Total operating expenses decreased by 2.2% to $724.3 million from $740.5 million in the same period last year[12] - Cost of vehicle sales rose to $141,543,000 from $138,178,000, indicating an increase of about 2.5%[19] - General and administrative expenses were $106,304,000, slightly down from $105,738,000, showing a marginal decrease of about 0.5%[19] - Cash, cash equivalents, and restricted cash at the end of the period totaled $5.23 billion, up from $3.70 billion at the end of the previous year[17] - Net cash provided by operating activities was $535.3 million, compared to $482.3 million in the same quarter last year[17] Assets and Operations - Total assets increased to $10.58 billion from $10.09 billion in the previous quarter[14] - The company continues to focus on expanding its facility operations and enhancing service revenues in both domestic and international markets[19]