NASDAQ$CPRT

Copart Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Copart's financial performance for Q2 2024 showed revenue, gross profit, and net income increases compared to the same period last year.

Copart's Q2 2024 financial results revealed an increase in revenue, gross profit, and net income, marking a positive trajectory compared to the previous year. The company reported revenue of $1.02 billion, gross profit of $464.2 million, and net income of $325.6 million.

  • Revenue increased by 6.6% compared to the same period last year.
  • Gross profit increased by 8.8% compared to the same period last year.
  • Net income attributable to Copart Inc. increased by 10.9% compared to the same period last year.
  • Fully diluted earnings per share increased by 10.0% compared to last year.

Headline financials

Total Revenue

$1.02B

Previous: $957M+6.6%
EPS

$0.33

Previous: $0.31+6.5%
Cost of vehicle sales

$147M

Previous: $155M-5.1%
Facility operations expense

$366M

Previous: $340M+7.7%
Capital Expenditures

-$285M

Previous: -$257M-11.1%
Free Cash Flow

$252M

Previous: $243M+3.6%
Net Income

$326M

Previous: $294M+10.9%
Operating Income

$380M

Previous: $366M+3.9%
Gross Profit

-$552M

Previous: -$526M-4.9%
Stock-Based Comp

$9.36M

Previous: $10.1M-7.6%

Revenue & EPS history

Copart · Revenue · Quarterly

$1.02B

Q2 2024+6.6%vs Q2 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Copart · $1.24B total across 2 segments · Q3 2026

  • Service revenues
    $1.06B
  • Vehicle sales
    $181M

Forward guidance

No specific forward guidance was provided in the press release.

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 Q2 2024

Historical avgQ2 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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