BUZZ-Copart rises after quarterly revenue beat on post-hurricane sales

Reuters

2024/11/22

** Online vehicle auctioneer Copart's CPRT.O shares rise ~2% to $58.11 premarket

** Company posts fiscal Q1 2025 revenue of $1.15 bln, beating estimates of $1.10 bln - data compiled by LSEG

** Co posts profit per share of 37 cents, in-line with expectations and an 8% increase from a year ago

** Sales boosted by co's recovery and auction of damaged vehicles after hurricanes Helene and Milton

** CEO Jeff Liaw says company sold twice as many vehicles in first ten days of storms compared with hurricane Ian in 2022

** Up to last close, stock has risen over 16% YTD

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

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