Copart, Inc. reported strong financial results for the second quarter ended January 31, 2025, with total revenue reaching $1.16 billion, marking a 14.0% increase from the same period last year. This growth was driven by strategic investments and expansion in the insurance sector.
The company's gross profit for the quarter increased by 13.2% to $525.6 million, and net income attributable to Copart, Inc. rose by 19.0% to $387.4 million. Diluted earnings per share (EPS) for the quarter were $0.40, a 21.2% increase compared to $0.33 in the prior year.
For the six months ended January 31, 2025, total revenue was $2.31 billion, up 13.2% year-over-year, with net income attributable to Copart, Inc. at $749.5 million, an increase of 13.9%. Diluted EPS for the six-month period was $0.77, up 13.2% from the previous year.
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