Copart, Inc. (NASDAQ:CPRT) Reports 2Q18 Profit Surge

Copart, Inc. (NASDAQ:CPRT) headquartered in Dallas, Texas, announced net income for the second quarter of $ 103.26 million or $ 0.43 per share, compared to income $ 66.07 million or $ 0.28 per share for the year-ago quarter.

The company recorded second quarter non-gaap net income of $ 111.43 million or $ 0.47 per share, while analysts from Thomson Reuters expected income of $ 0.40 per share.

Top line figures for the second quarter rose 31% to $ 459.11 million from $ 349.53 million in the same quarter last year, where as analysts anticipated $ 428.56 million.

For the six months period, CPRT disclosed net income of $ 180.77 million or $ 0.75 per share from the total revenue of $ 878.51 million.

At the same time, Copart, Inc. recorded six months adjusted earnings of $ 188.48 million or $ 0.79 per share.

Copart, Inc., is a global leader in online vehicle auctions. Coparts innovative technology and online auction platform links sellers to more than 750,000 Members in over 170 countries.

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