Online vehicle auction company Copart Inc. (CPRT) on Thursday reported slightly lower third-quarter profit, despite higher revenues.
Net income attributable to Copart declined to $402.4 million, or $0.43 per share, from $406.6 million, or $0.42 per share, in the year-ago quarter.
Revenue increased 2.1% to $1.24 billion from $1.21 billion last year, driven by higher service revenue and vehicle sales.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.