Copart, Inc. (CPRT) released a profit for its second quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $387.40 million, or $0.40 per share. This compares with $325.64 million, or $0.33 per share, last year.
Analysts on average had expected the company to earn $0.37 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 14.0% to $1.163 billion from $1.020 billion last year.
Copart, Inc. earnings at a glance (GAAP) :
-Earnings: $387.40 Mln. vs. $325.64 Mln. last year.
-EPS: $0.40 vs. $0.33 last year.
-Revenue: $1.163 Bln vs. $1.020 Bln last year.
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