secwatch.observer — SEC 8-K summary
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Issuer:     COPART INC (CPRT)
CIK:        0000900075
Form:       8-K/A
Filed at:   2022-03-02T23:59:59+00:00
Accession:  0000900075-22-000012
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Copart corrects Q2 FY2022 financials reclassifying $374.8M Treasury Bills to short-term investments
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- Amendment reclassifies $374.8M Treasury Bills from cash equivalents to short-term investments on balance sheet.
- Statement of cash flows corrected to show $374.8M purchase of held-to-maturity securities in investing section.
- Original Q2 FY2022 results: revenue $867.5M (+40.6% YoY), net income $287.4M, diluted EPS $1.19.
- Non-GAAP diluted EPS was $1.10 for Q2 FY2022, up 37.5% from $0.80 a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/900075/000090007522000012/0000900075-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/900075/000090007522000012/cprt-20220302.htm
  HTML page:      https://secwatch.observer/filing/0000900075-22-000012

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