The chart below shows how CPRT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CPRT sees a -1.95% change in stock price 10 days leading up to the earnings, and a +2.16% change 10 days following the report. On the earnings day itself, the stock moves by +0.69%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Global Revenue Increase: Global revenue increased to $1.15 billion, representing growth of over $126 million, or about 12%.
Service Revenue Increase: Global service revenue increased nearly $127 million, or about 15% for the first quarter, primarily due to increased volume.
Service Revenue Growth: U.S. service revenue grew by about 13% for the quarter, which included 2% attributable to cat units, and international service revenue grew by about 30%.
Operating Income Increase: First quarter GAAP operating income increased by about 3% to over $406 million, which includes a modest headwind from the impact of Hurricanes Helene and Milton.
Net Income Increase: First quarter GAAP net income increased by about 9% to over $362 million, or $0.37 per diluted common share.
Negative
Total Loss Frequency Increase: Total loss frequency for the calendar quarter ending September 30 reported by CCC of 21.7%, an increase of almost 2% year-over-year.
Global ASP Decline: Global ASPs declined by less than 1% for the quarter, relative to the year-ago period.
Facility-Related Cost Increase: Global facility-related costs, which include facility operations, depreciation, amortization and stock-based compensation, increased $88 million or about 22%.
Facility Cost Increase: In the U.S., facility-related costs increased $74 million or nearly 22%.
Facility Cost Increase: Excluding the costs associated with the hurricanes, facility related costs per unit increased about 4% from the prior year period.
Copart, Inc. (CPRT) Q1 2025 Earnings Call Transcript
CPRT.O
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