Copart, Inc. First quarter revenue growth in line with estimates

WASHINGTON (dpa-AFX) – Copart, Inc. ( CPRT ) posted a profit for its first quarter that was up from the same period last year, in line with Street estimates.

The company’s bottom line was $362.1 million, or $0.37 per share. That compares with $332.5 million, or $0.34 per share, in the first quarter last year.

Analysts on average had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analyst estimates typically exclude special items.

The company’s revenue for the quarter rose 12.5% to $1.147 billion from $1.020 billion last year.

Copart, Inc. Earnings at a Glance (GAAP):

-Earnings (Q1): $362.1 million. versus $332.5 million. last year. -EPS (Q1): $0.37 vs. $0.34 last year. – Revenue (Q1): $1.147 billion vs. $1.020 billion last year.