Last10K.com

Copart Inc (CPRT) SEC Filing 10-K Annual report for the fiscal year ending Sunday, July 31, 2016

Copart Inc

CIK: 900075 Ticker: CPRT


Exhibit 99.1
Copart, Inc.
For Immediate Release
Copart Reports Fourth Quarter Fiscal 2016 Financial Results
Dallas, Texas. (September 20, 2016) — Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter and year ended July 31, 2016.
For the three months ended July 31, 2016, revenue, gross margin, operating income, and net income were $332.7 million, $141.5 million, $106.2 million, and $84.1 million, respectively. These represent an increase in revenue of $50.4 million, or 17.8%; an increase in gross margin of $22.7 million, or 19.1%; an increase in operating income of $19.4 million, or 22.4%; and an increase in net income of $26.7 million, or 46.5%, respectively, from the same quarter last year. Fully diluted earnings per share for the three months were $0.71 compared to $0.44 last year, an increase of 61.4%.
For the year ended July 31, 2016, revenue, gross margin, operating income, and net income were $1.3 billion, $544.6 million, $406.5 million, and $270.4 million, respectively. These represent an increase in revenue of $122.4 million, or 10.7%; an increase in gross margin of $61.2 million, or 12.7%; an increase in operating income of $62.1 million, or 18.0%; and an increase in net income of $50.6 million, or 23.0%, respectively, from the same period last year. Fully diluted earnings per share for the year ended July 31, 2016 were $2.21 compared to $1.67 last year, an increase of 32.3%.
Excluding the impact of changes in foreign currency exchange rates, and certain tax benefits and foreign income tax credit limitations related to accounting for stock option exercises, non-GAAP fully diluted earnings per share for the three months and year ended July 31, 2016, were $0.59 and $2.10, respectively. A reconciliation of non-GAAP financial measures to the most directly comparable financial measures computed in accordance with U.S. generally accepted accounting principles (GAAP) can be found in the tables attached to this press release.
On Wednesday, September 21, 2016, at 11 a.m. Eastern time, Copart will conduct a conference call to discuss the results for the quarter. The call will be webcast live at http://stream.conferenceamerica.com/copart092116. A replay of the call will be available through November 20, 2016 by calling (877) 919-4059. Use confirmation code # 55146557.
About Copart
Copart, founded in 1982, provides vehicle sellers with a full range of remarketing services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and, in some states, to end users. Copart remarkets the vehicles through Internet sales using its VB3 technology. Copart sells vehicles on behalf of insurance companies, banks, financial institutions, charities, car dealerships, fleet operators, vehicle rental companies, as well as vehicles sourced from the general public. The company currently operates in the United States (www.copart.com), Canada (www.copart.ca), the United Kingdom (www.copart.co.uk), Brazil (www.copart.com.br), Germany (www.copart.de), the United Arab Emirates, Oman and Bahrain (www.copartmea.com), Spain (www.copart.es), Ireland (www.copart.ie), and India (www.copart.in). Copart links sellers to more than 750,000 Members in more than 150 countries worldwide through its multi-channel platform. In 2015, Copart was ranked at the top of Deloitte’s “The Exceptional 100” list of companies, which reviewed U.S. publicly traded companies based upon a multidimensional approach to measuring financial performance. For more information, or to become a Member, visit www.copart.com.


- 1 -
Copart, Inc. ~ 14185 Dallas Parkway, Suite 300, Dallas TX 75254 ~ (972) 391-5000


The following information was filed by Copart Inc (CPRT) on Wednesday, September 21, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Copart Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Copart Inc.

Continue

Assess how Copart Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Copart Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2016 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Revenue
M & A
Financial
Legal
Other
Filter Subcategory:
All
Geography
Expense
Cash Flow
Product
Shares
Debt
Income
Other
Inside Copart Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parentheticals)
Consolidated Statements Of Cash Flow
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Consolidated Statements Of Stockholders' Equity
Accounts Payable And Accrued Liabilities
Accounts Payable And Accrued Liabilities (details)
Accounts Payable And Accrued Liabilities (tables)
Accounts Receivable, Net
Accounts Receivable, Net (details 1)
Accounts Receivable, Net (details)
Accounts Receivable, Net (tables)
Acquisitions
Acquisitions (details Textuals)
Acquisitions (details)
Acquisitions (tables)
Commitments And Contingencies
Commitments And Contingencies (details Textuals)
Commitments And Contingencies (details)
Commitments And Contingencies (tables)
Derivatives And Hedging
Derivatives And Hedging (details Textuals)
Employee Benefit Plan
Employee Benefit Plan (details Textuals)
Fair Value Measures Fair Value Measures (details)
Fair Value Measures Fair Value Measures (notes)
Fair Value Measures Fair Value Measures (tables)
Goodwill
Goodwill (details Textuals)
Goodwill (details)
Goodwill (tables)
Guarantees - Indemnifications To Officers And Directors
Income Taxes
Income Taxes (details 1)
Income Taxes (details 2)
Income Taxes (details 3)
Income Taxes (details 4)
Income Taxes (details 5)
Income Taxes (details Textuals)
Income Taxes (details)
Income Taxes (tables)
Intangibles, Net
Intangibles, Net (details 1)
Intangibles, Net (details Textuals)
Intangibles, Net (details)
Intangibles, Net (tables)
Long-term Debt
Long-term Debt (details Textuals)
Long-term Debt (details)
Long-term Debt (tables)
Net Income Per Share
Net Income Per Share (details Textuals)
Net Income Per Share (details)
Net Income Per Share (tables)
Property And Equipment, Net
Property And Equipment, Net (details Textuals)
Property And Equipment, Net (details)
Property And Equipment, Net (tables)
Quarterly Information
Quarterly Information (tables)
Quarterly Information (unaudited) (details)
Related Party Transactions
Related Party Transactions (details Textuals)
Segments And Other Geographic Information (details 1)
Segments And Other Geographic Information (details Textuals)
Segments And Other Geographic Information (tables)
Stockholder's Equity (details 1)
Stockholder's Equity (details 2)
Stockholder's Equity (details 3)
Stockholder's Equity (details 4)
Stockholder's Equity (details Textuals 1)
Stockholder's Equity (details Textuals 2)
Stockholder's Equity (details Textuals 3)
Stockholder's Equity (details Textuals 4)
Stockholder's Equity (details Textuals)
Stockholder's Equity (tables)
Stockholders' Equity
Stockholders' Equity (details)
Subsequent Events Subsequent Events
Subsequent Events Subsequent Events (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details 1)
Summary Of Significant Accounting Policies (details Textuals 1)
Summary Of Significant Accounting Policies (details Textuals 2)
Summary Of Significant Accounting Policies (details Textuals)
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies Summary Of Significant Accounting Policies - Adoption Of New Accounting Pronouncement (details)
Ticker: CPRT
CIK: 900075
Form Type: 10-K Annual Report
Accession Number: 0000900075-16-000081
Submitted to the SEC: Wed Sep 28 2016 5:29:23 PM EST
Accepted by the SEC: Wed Sep 28 2016
Period: Sunday, July 31, 2016
Industry: Retail Auto Dealers And Gasoline Stations

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/cprt/0000900075-16-000081.htm