---
schema_version: "secwatch.filing_event.v1"
accession: "0000900075-23-000017"
form_type: "8-K"
ticker: "CPRT"
cik: "0000900075"
company_name: "COPART INC"
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:57:02.211000+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Copart reports Q3 FY2023 revenue $1.02B, net income $350.4M; EPS $0.72 (+24% YoY)

## Summary
- Revenue of $1,021.8M, up 8.7% YoY; gross profit $483.4M (+10.8%); net income $350.4M (+25.8%).
- Diluted EPS of $0.72 vs $0.58 in prior year, a 24.1% increase; non-GAAP diluted EPS $0.72 also up 24.1%.
- For nine months ended April 30, 2023: revenue $2,871.9M (+9.7%), net income $890.0M (+7.7%), diluted EPS $1.84.
- Q3 gross profit grew 10.8% versus revenue growth of 8.7%, reflecting operating leverage.

## SEC filing metadata
- accession: 0000900075-23-000017
- form_type: 8-K
- ticker: CPRT
- cik: 0000900075
- company_name: COPART INC
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/900075/000090007523000017/0000900075-23-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/900075/000090007523000017/cprt-20230517.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000900075-23-000017
- JSON: https://secwatch.observer/filing/0000900075-23-000017.json
- Plain text: https://secwatch.observer/filing/0000900075-23-000017.txt

## Key facts
- Earnings Releases
  COPART INC reported third quarter of fiscal year 2023, which ended April 30, 2023 results: revenue $1,021.8 million, net income $350.4 million, EPS $0.72.
  - Period: third quarter of fiscal year 2023, which ended April 30, 2023
  - Revenue: $1,021.8 million
  - Net income: $350.4 million
  - EPS: $0.72
  - Result: reported results
  source text: Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended April 30, 2023. For the three months ended April 30, 2023, revenue, gross profit, and net income were $1,021.8 million, $483.4 million, and $350.4 million, respectively. These represent an increase in revenue of $81.9 million, or 8.7%; an increase in gross profit of $47.2 million, or 10.8%; and
  evidence_url: https://www.sec.gov/Archives/edgar/data/900075/000090007523000017/0000900075-23-000017-index.htm
- Earnings Releases
  COPART INC reported nine months ended April 30, 2023 results: revenue $2,871.9 million, net income $890.0 million, EPS $1.84.
  - Period: nine months ended April 30, 2023
  - Revenue: $2,871.9 million
  - Net income: $890.0 million
  - EPS: $1.84
  - Result: reported results
  source text: For the nine months ended April 30, 2023, revenue, gross profit, and net income were $2,871.9 million, $1,279.4 million, and $890.0 million, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/900075/000090007523000017/0000900075-23-000017-index.htm

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