Copart, Inc. (NASDAQ: CPRT), a leading online vehicle auction company, has announced financial results for the third quarter of 2025, reporting an increase in revenue and net profit.
In the three months ended April 2025, revenues increased to $1.21 billion from $1.13 billion in the prior-year periodServices revenue grew 9.3% annually, which was partially offset by a 2.1% decrease in Vehicle Sales revenueAt $406.6 million, third-quarter net income was up 6.4% year-over-yearOn a per-share basis, earnings rose to $0.42 in the third quarter from $0.39 last yearQ3 gross profit rose 5.1% annually to $552.3 million; operating income was $451.5 million in the April quarter, up 3.3%Total operating expenses increased 10.2% year-over-year to $760.2 million during the three months
