Copart Q2 FY2025: revenue up 14.0%, net income up 19.0%, no long-term debt
Copart's fiscal second quarter showed clean growth: revenue rose 14.0% to $1.1633 billion and net income rose 19.0% to $387.4 million, on a debt-free balance sheet with $3.80 billion in cash and securities. The caveats are that facility costs grew faster than revenue and quarterly free cash flow was only $61.5 million. The view is Bullish.
1 · Expected vs. Actual
Free preview belowDiluted EPS was $0.40 versus $0.33 a year ago, and net income attributable to Copart rose 19.0% to $387.4 million. But income tax expense fell to $76.5 million from $85.2 million, an effective rate of 16.5% versus 20.7%, so part of the earnings gain came from tax rather than operations. Operating income grew a slower 12.2%, to $426.2 million.
Revenue came in at $1.1633 billion, up 14.0% from $1.0201 billion a year earlier. Service revenue of $991.3 million did the heavy lifting, rising 15.0%, while vehicle sales of $172.0 million rose 8.6%. The mix stayed steady, with services at 85.2% of the top line.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-18
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