- Copart (NASDAQ:CPRT -1.6%) reports FQ2 total revenue increase by 7.3% Y/Y to $617M; missing consensus by $13.5M.
- Service revenue was $532.6M (+4.4% Y/Y) vs. consensus of $564.1M and vehicle sales were ~$84.4M (+29.6% Y/Y) vs. consensus of $72.1M.
- FQ2 overall margins: Gross profit increased 465 bps to 49.8%; Operating increased 535 bps to 41.9% and adj. net margin too increased 435 bps to 31%.
- Cash, equivalents and restricted cash of $616.4M.
- Check out the company's revenue growth over the past decade.
- Previously: Copart EPS in-line, misses on revenue (Feb. 18)
