TLDR
- Q3 FY25 revenue grew 7.5% year-over-year to $1.2 billion.
- Net income rose 6.4% to $406.6 million in the quarter.
- Diluted EPS improved 7.7% to $0.42 from $0.39 last year.
- Shares fell over 4% in after-hours trading despite solid earnings.
- CPRT boasts a 5-year return of 181.32%, beating the S&P 500.
Copart, Inc. (NASDAQ: CPRT) closed at $60.66 on May 22, 2025, down 0.70% during regular trading. Shares fell further to $58.00 in after-hours trading, dropping 4.39%.
This movement came after the company released its third-quarter results for fiscal 2025 and hosted its earnings call at 5:30 PM EDT on the same day.
For the quarter ending April 30, 2025, Copart posted revenue of $1.2 billion, marking a 7.5% year-over-year increase. Gross profit rose 5.1% to $552.3 million, while net income attributable to the company climbed 6.4% to $406.6 million. Fully diluted earnings per share reached $0.42, up from $0.39 in the same quarter last year, reflecting a 7.7% improvement.
Copart, $CPRT, Q3-25. Results:
🔴 -3.2% Post-Market📊 Adj. EPS: $0.42 🟢
💰 Revenue: $1.21B 🔴
📈 Net Income: $406.6M
🔎 Strong quarter driven by sustained revenue growth and solid operating margins across global markets. pic.twitter.com/wFStEpcfpq— gtG (good to Great) (@g00dtoGreat) May 22, 2025
The company has managed to grow both its top and bottom lines despite macroeconomic headwinds, signaling continued strength in its vehicle remarketing and salvage auction business.
Nine-Month Results Highlight Consistency
Copart also delivered solid results over the first nine months of fiscal 2025. Revenue totaled $3.5 billion, up 11.2% year-over-year. Gross profit improved by 9.4% to reach $1.6 billion, while net income attributable to Copart rose 11.1% to $1.2 billion. Earnings per share for the period stood at $1.18 compared to $1.07 last year, representing a 10.3% increase.
These figures demonstrate consistent growth over a sustained period, driven by continued demand for online auto auctions and an efficient, tech-driven operating model.
After-Hours Drop Despite Strong Fundamentals
Despite the solid earnings report, the stock declined in after-hours trading. This could reflect investor profit-taking or a cautious sentiment around valuation, especially after a strong multi-year run. While the company continues to post double-digit growth across several key metrics, some investors may be looking for signs of acceleration beyond current levels.
Still, Copart’s fundamentals remain intact, and the after-hours reaction does not detract from its strong quarterly and year-to-date performance.
Long-Term Outperformance Versus Benchmark
Copart’s long-term returns continue to impress. As of May 22, 2025, the stock has delivered a 5-year return of 181.32%, nearly doubling the S&P 500’s 97.67%. Over three years, CPRT has gained 116.43%, far exceeding the S&P 500’s 49.74%. For the past year, Copart returned 12.44%, outpacing the benchmark’s 10.08%.
Even year-to-date, CPRT has managed a 5.70% gain while the S&P 500 has slipped 0.67%, further underscoring the company’s resilience.
