NASDAQ$CPRT
Copart Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Copart's financial results for Q1 2023 were released, showing increased revenue but decreased gross profit and net income compared to the same period last year.
Copart's first quarter fiscal 2023 results revealed a 10.3% increase in revenue, but a 4.0% decrease in gross profit and a 5.6% decrease in net income compared to the same period last year. The operating results were negatively impacted by Hurricane Ian, resulting in approximately $25 million in additional costs.
- Revenue increased by 10.3% compared to the same period last year.
- Gross profit decreased by 4.0% compared to the same period last year.
- Net income decreased by 5.6% compared to the same period last year.
- Hurricane Ian adversely impacted operating results, resulting in $25 million in additional costs.
Headline financials
Revenue & EPS history
Copart · Revenue · Quarterly
$893M
Revenue by segment
Copart · $1.24B total across 2 segments · Q3 2026
- Service revenues$1.06B—85.4%
- Vehicle sales$181M—14.6%
Forward guidance
This press release contains forward-looking statements within the meaning of federal securities laws, including statements concerning the potential impact of the COVID-19 pandemic on our business, operations, and operating results. These forward-looking statements are subject to substantial risks and uncertainties.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+0.6%
Avg return
Earnings day
+0.7%
Avg return
5 days after
-0.4%
Avg return
30 days after
55%
37 / 67 earnings
Positive
+13.1%
Q1 2025
Best reaction
-12.5%
Q4 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +0.0% | -2.7% | -12.6% | |
| Q2 2026 | +9.2% | -4.8% | -12.7% | |
| Q1 2026 | -2.3% | -5.5% | -4.8% | |
| Q4 2025 | -2.8% | -2.9% | -9.7% | |
| Q3 2025 | -11.5% | -14.2% | -20.9% | |
| Q2 2025 | -2.8% | -3.3% | -7.9% | |
| Q1 2025 | +13.1% | +15.1% | +5.1% | |
| Q4 2024 | -7.5% | -7.7% | -1.2% | |
| Q3 2024 | -1.5% | -0.7% | -3.8% | |
| Q2 2024 | +5.1% | +8.2% | +17.4% | |
| Q1 2024 | +2.0% | +2.9% | -0.6% | |
| Q4 2023 | -1.0% | +0.6% | +3.2% | |
| Q3 2023 | +8.8% | +9.8% | +7.5% | |
| Q2 2023 | +0.9% | +1.2% | +3.1% | |
| Q1 2023 | +3.4% | +3.3% | -2.7% | |
| Q4 2022 | +0.4% | +0.5% | -5.8% | |
| Q3 2022 | -2.3% | -2.6% | -7.5% | |
| Q2 2022 | -1.6% | -3.5% | +1.9% | |
| Q1 2022 | -2.1% | -7.9% | -10.0% | |
| Q4 2021 | -0.6% | -0.1% | -1.8% | |
| Q3 2021 | +2.4% | +5.8% | +5.8% | |
| Q2 2021 | -0.8% | -5.7% | -9.7% | |
| Q1 2021 | -2.0% | -2.6% | +5.3% | |
| Q4 2020 | -1.0% | -0.5% | +3.2% | |
| Q3 2020 | +3.0% | +2.8% | +0.6% | |
| Q2 2020 | -5.0% | -9.4% | -41.3% | |
| Q1 2020 | +1.7% | +4.1% | +5.0% | |
| Q4 2019 | +7.8% | +10.1% | +7.0% | |
| Q3 2019 | +6.1% | +7.7% | +12.1% | |
| Q2 2019 | +6.0% | +11.0% | +11.1% | |
| Q1 2019 | +3.1% | +0.4% | -3.5% | |
| Q4 2018 | -12.5% | -19.9% | -23.2% | |
| Q3 2018 | -0.5% | +2.4% | +13.0% | |
| Q2 2018 | +2.0% | -1.3% | +6.5% | |
| Q1 2018 | +12.9% | +16.9% | +19.6% | |
| Q4 2017 | +3.0% | +2.7% | +10.8% | |
| Q3 2017 | +4.5% | +3.4% | +5.1% | |
| Q2 2017 | -0.9% | -0.0% | +4.1% | |
| Q1 2017 | -4.1% | -2.6% | +0.4% | |
| Q4 2016 | +5.5% | +6.5% | +6.5% | |
| Q3 2016 | +9.3% | +10.9% | +8.1% | |
| Q2 2016 | +1.5% | — | — | |
| Q1 2016 | +6.5% | — | — | |
| Q4 2015 | -3.0% | — | — | |
| Q3 2015 | -2.5% | — | — | |
| Q2 2015 | +2.3% | — | — | |
| Q1 2015 | +5.6% | — | — | |
| Q4 2014 | -5.7% | — | — | |
| Q3 2014 | -4.8% | — | — | |
| Q2 2014 | +0.5% | — | — | |
| Q1 2014 | +3.2% | — | — | |
| Q4 2013 | -9.6% | — | — | |
| Q3 2013 | -2.6% | — | — | |
| Q2 2013 | -1.2% | — | — | |
| Q1 2013 | +0.3% | — | — | |
| Q4 2012 | +1.5% | — | — | |
| Q3 2012 | +0.0% | — | — | |
| Q2 2012 | +0.7% | — | — | |
| Q1 2012 | +0.4% | — | — | |
| Q4 2009 | -2.9% | — | — | |
| Q3 2011 | -0.7% | — | — | |
| Q3 2010 | -0.7% | — | — | |
| Q2 2010 | +0.4% | — | — | |
| Q2 2011 | +0.4% | — | — | |
| Q4 2010 | +1.0% | — | — | |
| Q1 2010 | +1.0% | — | — | |
| Q1 2011 | +1.0% | — | — |
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