In October 2010, Copart reported net income of $0.45 per share compared to consensus analyst estimates of $0.45 per share, leading to a surprise of 0%.
In July 2010, Copart reported net income of $0.43 per share compared to consensus analyst estimates of $0.48 per share, leading to a surprise of -10.4%.
Copart posted gains across the board in the third quarter of 2010, announcing increases in revenue, operating income, and income from continuing operations. Revenue increased by 11.7%, or $23.0 million, to $220.3 million for the quarter. Operating income similarly increased by 11.2%, or $7.2 million, to $72.1 million for the quarter. Income from continuing operations increased to $44.4 million, a $3.9 million, or 9.6%, increase from the previous quarter. These gains were driven by a 3%, or $2.7 million, increase in yard operations along with a 17%, or $4.6 million increase in cost of vehicle sales.
In April 2010, Copart reported net income of $0.52 per share compared to consensus analyst estimates of $0.5 per share, leading to a surprise of 4%.
In January 2010, Copart reported net income of $0.42 per share compared to consensus analyst estimates of $0.4 per share, leading to a surprise of 5%.
Copart's revenues in the first quarter in 2010 was $185.5 million, a drop from $191.6 million the same quarter the previous year. Driving these losses was a 10% decrease in vehicle sales; service revenues similarly dropped, but only by 2%. Additionally, net income has decreased from $37.3 million in Q1 FY 2009 to $35.3 million in Q1 FY 2010, driven by a 5% decrease in yard operations and a 7% decrease in total other income.
For the quarter ending Oct. 31 2008, CPRT reported net income of $37.3 million on revenues of $191.6 million. While profit declined .1% from the same quarter in 2007, revenues increased 4.1%. While North American revenues increased 8.5% (with a 6.7% gain in same store sales), UK revenues fell 10% because of currency fluctuations as the dollar increased in value.
Despite posting revenue growth of 34.5% and a 5.4% increase in net income for the quarter ending January 31, CPRT came up short of Wall Street expectations sending the stock plummeting.
