Copart, Inc. (NASDAQ: CPRT), a leading online vehicle auction company, has reported financial results for the first quarter of fiscal 2025.
Total service revenues and vehicle sales increased 12% to $1.15 billion in Q1 from $1.02 billion last yearService revenue rose 15% annually during the October quarter, while Vehicle Sales revenues remained broadly unchangedNet income attributable to shareholders increased to $362.1 million or $0.37 per share in Q1 from $332.5 million or $0.34 per share a year earlierAt $512.1 million, the gross profit for the first quarter was up 10% year-over-yearThe company reported a 3% growth in operating income to $406.4 million in Q1 from $395.4 million a year earlierAt the end of the quarter, Copart had total assets of $8.87 billionThe company ended the quarter with cash, cash equivalents, and restricted cash of $3.70 billion
