Copart Q2 Earnings Surpass Estimates, Revenues Increase Y/Y

Copart, Inc. CPRT reported second-quarter fiscal 2025 (ended Jan. 31, 2025) adjusted earnings per share of 40 cents, which topped the Zacks Consensus Estimate of 38 cents. The bottom line increased 21.2% year over year. The online auto auction leader generated revenues of $1.16 billion, beating the Zacks Consensus Estimate of $1.14 billion. The top line rose 14% from the year-ago reported figure.See the Zacks Earnings Calendar to stay ahead of market-making news.Copart, Inc. Price, Consensus and EPS Surprise  Copart, Inc. price-consensus-eps-surprise-chart | Copart, Inc. QuoteKey TidbitsCopart’s fiscal second-quarter service revenues came in at $991.3 million, which increased from $861.7 million recorded in the year-ago period and matched the Zacks Consensus Estimate. Service revenues accounted for 85.2% of total revenues. Vehicle sales totaled $172 million in the quarter, which rose from the prior-year quarter’s $158.4 million and topped the Zacks Consensus Estimate of $161 million.While facility operations expenses rose 19.9% year over year to $439.3 million, the cost of vehicle sales rose 0.6% to $147.7 million. Facility depreciation and amortization came in at $48.9 million, up 18.8% year over year. Facility stock-based compensation increased 11.7% to $1.8 million.Gross profit was up 13.2% year over year to $525.6 million. General and administrative expenses rose 19.2% from the prior-year quarter to $86.6 million. Total operating expenses rose 15.1% to $737.1 million.Operating income rose to $426.2 million from $379 million recorded in the year-ago quarter. Net income also grew 18.7% year over year to $386.5 million.Copart had cash, cash equivalents and restricted cash of $3.34 billion as of Jan. 31, 2025, compared with $1.5 billion as of July 31, 2024.Net cash from operating activities and Capex during the first half of fiscal 2025 totaled $660.4 million and $353.4 million, respectively.CPRT’s Zacks Rank & Key PicksCopart carries a Zacks Rank #3 (Hold) at present.Some better-ranked stocks in the auto space are Geely Automobile Holdings Limited GELYY, Dana Incorporated DAN and Garrett Motion Inc. GTX. GELYY and DAN sport a Zacks Rank #1 (Strong Buy) each, and GTX carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for GELYY’s fiscal 2025 sales and earnings indicates year-over-year growth of 66.62% and 149.31%, respectively. EPS estimates for fiscal 2025 and 2026 have improved by 15 cents and 38 cents, respectively, in the past 60 days.The Zacks Consensus Estimate for DAN’s 2025 earnings implies year-over-year growth of 79.17%. EPS estimates for 2025 have improved by 20 cents in the past 30 days.The Zacks Consensus Estimate for GTX’s 2025 sales and earnings indicates year-over-year growth of 2.16% and 17.92%, respectively. EPS estimates for 2025 have improved by a penny in the past 30 days.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dana Incorporated (DAN): Free Stock Analysis Report Copart, Inc. (CPRT): Free Stock Analysis Report Geely Automobile Holdings Ltd. (GELYY): Free Stock Analysis Report Garrett Motion Inc. (GTX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks