Copart Notches Higher 3Q Profit, Sales on Increased Service Revenue

Dow Jones
2025/05/23
 

By Connor Hart

 

Copart logged higher profit and sales in its fiscal third quarter, as a jump in service revenue more than offset falling vehicle sales.

The platform for online car auctions posted a profit of $406.6 million for the quarter ended April 30, compared with $382.3 million a year earlier.

Quarterly earnings came in at 42 cents a share, in line with the expectations of analysts polled by FactSet.

Revenue rose 7.5%, to $1.21 billion. Analysts modeled sales of $1.23 billion.

Service revenue, which makes up most of the company's top line, rose 9.3%, offsetting vehicle sales, which fell 2.1%.

Shares fell 3.6%, to $58.50, in after-hours trading. Through the regular session's close, the stock is up 14% in the past year.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

May 22, 2025 16:25 ET (20:25 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10