Copart 1Q Profit Rises With Better-than-Expected Revenue Gains

Dow Jones

Nov 22, 2024

By Dean Seal

Copart logged higher earnings in its fiscal first quarter as service revenue pushed the top line higher than analysts expected.

The platform for online car auctions posted a profit of $362.1 million for the quarter ended Oct. 31, compared with $332.5 million in the same quarter a year ago.

Earnings were 37 cents a share, in line with the consensus estimate of analysts polled by FactSet.

Revenue jumped 12% to $1.15 billion, about $50 million higher than analysts had expected, according to FactSet.

Vehicle sales were about flat year-over-year, but service revenue, which makes up most of its top line, was up 15%.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

November 21, 2024 16:43 ET (21:43 GMT)

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CPRT","symbol_name":"科帕特","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485426392","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485426392","pubTimestamp":1732225380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Copart logged higher earnings in its fiscal first quarter as service revenue pushed the top line higher than analysts expected.The platform for online car auctions posted a profit of $362.1 million for the quarter ended Oct. 31, compared with $332.5 million in the same quarter a year ago.Earnings were 37 cents a share, in line with the consensus estimate of analysts polled by FactSet.Revenue jumped 12% to $1.15 billion, about $50 million higher than analysts had expected, according to FactSet.Vehicle sales were about flat year-over-year, but service revenue, which makes up most of its top line, was up 15%.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CPRT":"科帕特"},"translate_title":"Copart第一季度利润增长，收入增长好于预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CPRT":1},"content_text":"By Dean Seal \n\n\n \n\n\n  Copart logged higher earnings in its fiscal first quarter as service revenue pushed the top line higher than analysts expected. \n\n\n  The platform for online car auctions posted a profit of $362.1 million for the quarter ended Oct. 31, compared with $332.5 million in the same quarter a year ago. \n\n\n  Earnings were 37 cents a share, in line with the consensus estimate of analysts polled by FactSet. \n\n\n  Revenue jumped 12% to $1.15 billion, about $50 million higher than analysts had expected, according to FactSet. \n\n\n  Vehicle sales were about flat year-over-year, but service revenue, which makes up most of its top line, was up 15%. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 21, 2024 16:43 ET (21:43 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}