Copart (CPRT) Q2 Earnings Miss Expectations, Increase Y/Y

Copart, Inc. (CPRT) reported second-quarter fiscal 2024 (ended Jan 31, 2024) adjusted earnings per share of 33 cents, missing the Zacks Consensus Estimate of 35 cents on lower-than-expected service revenues and vehicle sales. The bottom line, however, increased 6.4% year over year.The online auto auction leader generated revenues of $1.02 billion, missing the Zacks Consensus Estimate of$1.04 billion. The top line increased 6.6% from the year-ago reported figure.Key NumbersCPRT’s fiscal second-quarter servi ...