Copart Inc. (CPRT) reported that its first-quarter net income rose to $45.85 million or $0.36 per share, from $41.15 million or $0.31 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.36 per share for the quarter. Analysts' estimates typically exclude special items.
Total service revenues and vehicle sales for the quarter increased to $238.87 million from $225.63 million in the prior year quarter. Five analysts had consensus revenue estimate of $236.06 million for the quarter.
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