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Copart, Inc. (NASDAQ: CPRT), a number one on-line automobile public sale firm, reported larger earnings and revenues for the fourth quarter of 2023.
- Whole service revenues and automobile gross sales elevated 13% to $997.6 million within the ultimate three months of fiscal 2023
- Companies income grew 18% year-over-year within the fourth quarter, whereas automobile gross sales declined 7%
- Internet revenue, on a reported foundation, rose to $347.8 million or $0.36 per share from $263.7 million or $0.27 per share final yr
- On an unadjusted foundation, the corporate posted earnings of $0.34 per share for the July quarter, up from $0.28 per share it generated a yr earlier
- At $457.6 million, the fourth-quarter gross revenue was larger by 20% from the corresponding interval of 2022
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