Wed, Feb 26, 9:43 PM (18 days ago)
For the quarterly period ending January 31, 2025, Copart, Inc. (CPRT) reported significant growth in revenues and net income. Total revenues reached $1,163,316,000, up 15% from the prior year, driven by a 14.8% increase in U.S. service revenues and a 16.5% rise in international sales. Net income rose to $387,400,000, reflecting a 19% increase year-over-year. The operating margin remained stable at 36%, despite rising facility operation costs attributed to increased volume and one-time expenses from hurricanes. Cash and cash equivalents surged to $3,338,909,000, a 120.5% increase, bolstered by strong operating cash flows of $660,401,000. The company maintained a robust liquidity position with no debt outstanding under its $1.25 billion revolving credit facility. Future uncertainties include potential regulatory impacts from ongoing investigations related to anti-money laundering practices and fluctuating vehicle supply due to weather conditions. The firm continues to focus on expansion and acquisitions, including its recent acquisition of Purple Wave, Inc., while managing operational risks in its international markets.