Copart Q2 Earnings Boosted by Global Expansion

Copart, Inc. reported a strong fiscal second-quarter 2025 performance with revenues of $1.16 billion, marking a 14% increase from the previous year and surpassing expectations. Earnings per share stood at $0.40, exceeding both the Zacks Consensus Estimate and analysts' expectations of $0.38 and $0.37, respectively. The company's net income rose to $387.4 million, reflecting a significant 19% growth compared to the prior year. This performance was driven by global expansion, particularly in Europe, the Middle East, and South America, and technological innovations in their online vehicle auction platform. Service revenue contributed significantly to this growth, supported by strong relationships with insurance companies. Despite rising operational costs, Copart's strategic investments remain robust, backed by a $3.34 billion cash reserve.