---
schema_version: "secwatch.filing_event.v1"
accession: "0000900075-22-000059"
form_type: "8-K"
ticker: "CPRT"
cik: "0000900075"
company_name: "COPART INC"
filed_at: "2022-11-17T23:59:59+00:00"
generated_at: "2026-06-21T17:10:10.224774+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Copart Q1 FY2023: Revenue $893.4M (+10.3% YoY), EPS $0.51 vs $0.54; Hurricane Ian costs ~$25M

## Summary
- Revenue $893.4M, up 10.3% YoY; net income $245.8M, down 5.6% YoY.
- GAAP diluted EPS $0.51 vs $0.54; non-GAAP diluted EPS $0.51 vs $0.53.
- Gross profit $369.5M, down 4.0% YoY due to higher operating costs.
- Hurricane Ian (Category 4, Sep 28) caused ~$25M in incremental costs (subhaulers, overtime, travel/lodging).

## SEC filing metadata
- accession: 0000900075-22-000059
- form_type: 8-K
- ticker: CPRT
- cik: 0000900075
- company_name: COPART INC
- filed_at: 2022-11-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/900075/000090007522000059/0000900075-22-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/900075/000090007522000059/cprt-20221116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000900075-22-000059
- JSON: https://secwatch.observer/filing/0000900075-22-000059.json
- Plain text: https://secwatch.observer/filing/0000900075-22-000059.txt

## Key facts
- Earnings Releases
  COPART INC reported the first quarter of fiscal year 2023, which ended October 31, 2022 results: revenue $893.4 million, net income $245.8 million, EPS $0.51.
  - Period: the first quarter of fiscal year 2023, which ended October 31, 2022
  - Revenue: $893.4 million
  - Net income: $245.8 million
  - EPS: $0.51
  - Result: reported results
  source text: For the three months ended October 31, 2022, revenue, gross profit, and net income were $893.4 million, $369.5 million, and $245.8 million, respectively. These represent an increase in revenue of $83.2 million, or 10.3%; a decrease in gross profit of $15.5 million, or 4.0%; and a decrease in net income of $14.5 million, or 5.6%, respectively, from the same period last year. Fully diluted earnings per share for the three months were $0.51 compared to $0.54 last year, a decrease of 5.6%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/900075/000090007522000059/0000900075-22-000059-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.