Copart, Inc. (NASDAQ: CPRT), a number one on-line automobile public sale firm, reported larger earnings and revenues for the fourth quarter of 2023.
Whole service revenues and automobile gross sales elevated 13% to $997.6 million within the ultimate three months of fiscal 2023Services income grew 18% year-over-year within the fourth quarter, whereas automobile gross sales declined 7percentNet revenue, on a reported foundation, rose to $347.8 million or $0.36 per share from $263.7 million or $0.27 per share final 12 months On an unadjusted foundation, the corporate posted earnings of $0.34 per share for the July quarter, up from $0.28 per share it generated a 12 months earlier At $457.6 million, the fourth-quarter gross revenue was larger by 20% from the corresponding interval of 2022
