You were spot on with the bounce after the lock-up and searched in the sec filings for clues, very good analysis
Also curious how cprt will do the next days
They knocked it out of the park.
I knew they would.
Analysts were expecting $690M revenue and $0.91 in eps.
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Copart Reports Fourth Quarter Fiscal 2021 Financial Results
Dallas, Texas. (September 8, 2021) — Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter and year ended July 31, 2021.
For the three months ended July 31, 2021, revenue, gross profit, and net income were
$748.6 million, $357.5 million, and $256.0 million, respectively.
These represent an increase in revenue of $223.0 million, or 42.4%; an increase in gross profit of $107.1 million, or 42.7%; and an increase in net income of $90.4 million, or 54.6%, respectively, from the same period last year. Fully diluted earnings per share for the three months ended July 31, 2021 were
$1.06 compared to $0.69 last year, an increase of 53.6%.
Excluding the impact of certain discrete income tax items, acquisition related integration charges, foreign currency-related gains and losses, and certain income tax benefits, non-GAAP fully diluted earnings per share for the three months ended July 31, 2021 and 2020, were
$1.03 and $0.68, respectively, which was an
increase of 51.5%.
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Edit:
Reading the balance sheet...
Their assets increased by $1.1B yoy.
Liabilities barely budged.
Like I said... this is one well run company.
No action after hours. That's normal for this one.
$144.75 on the ask.
CC is at 11AM
