Form 8-K · Current Report · Filed 2025-05-22
Copart Reports Q3 FY 2025 Financial Results with Revenue Increase
Copart, Inc. reported financial results for the third quarter of fiscal year 2025, with total revenue increasing by $84.5 million (7.5%) year-over-year to $1.2 billion. Gross profit rose by $26.8 million (5.1%) to $552.3 million, and net income attributable to Copart, Inc. increased by $24.3 million (6.4%) to $406.6 million. The company also announced a conference call to discuss these results, scheduled for May 22, 2025. The detailed financials and additional context are provided in the furnished Exhibit 99.1.
- Filer
- Copart Inc. CPRT · NASDAQ
- Filed
- Accession
- 0001628280-25-027262
- CIK
- 0000900075
- Signal
- Medium impactIndustrials
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$61.09
Next session
-12.1%
Since filing
-52.3%
Latest close
$29.12
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from CPRT reporting the same item, with the next session's move:
Exhibits (1)
About Copart Inc.
Copart Inc. is a global leader in online vehicle auctions, providing a platform for buyers and sellers to auction and purchase vehicles of various types. The company's primary function is to facilitate the remarketing of vehicles including cars, trucks, SUVs, motorcycles, RVs, and more, often sourced from insurance companies, dealerships, and fleet operators. Copart's innovative model leverages technology to enhance the auction process, providing a fully digital marketplace accessible to a diverse range of participants worldwide. Notable features of Copart include its extensive inventory, real-time auction capabilities, and the availability of a mobile application that allows users to participate in auctions from anywhere. The company plays a significant role in the automotive and insurance industries, aiding in the efficient turnover of vehicles that are beyond repair, have been involved in accidents, or are simply surplus to requirements. With its extensive global footprint and integration of sophisticated data technology, Copart Inc. significantly impacts the vehicle remarketing and recycling sectors, providing a valuable service that helps streamline and modernize the auto auction industry.
Never miss another CPRT filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.