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For Immediate Release Copart , Inc. Exhibit 99.1 Copart Reports Second Quarter Fiscal 2021 Financial Results Dallas , Texas . ( February 18 , 2021 ) — Copart , Inc. ( NASDAQ : CPRT ) today reported financial results for the quarter ended January 31 , 2021 . For the three months ended January 31 , 2021 , revenue , gross profit , and net income were $ 617.0 million , $ 307.5 million , and $ 193.4 million , respectively . These represent an increase in revenue of $ 41.9 million , or 7.3 % ; an increase in gross profit of $ 47.6 million , or 18.3 % ; and an increase in net income of $ 24.7 million , or 14.7 % , respectively , from the same period last year . Fully diluted earnings per share for the three months were $ 0.81 compared to $ 0.71 last year , an increase of 14.1 % . For the six months ended January 31 , 2021 , revenue , gross profit , and net income were $ 1.2 billion , $ 604.3 million , and $ 393.7 million , respectively . These represent an increase in revenue of $ 80.4 million , or 7.1 % ; an increase in gross profit of $ 89.5 million , or 17.4 % ; and an increase in net income of $ 6.8 million , or 1.8 % , respectively , from the same period last year . Fully diluted earnings per share for the six months were $ 1.64 compared to $ 1.62 last year , an increase of 1.2 % . Excluding the impact of discrete income tax items , foreign currency - related gains and losses , certain income tax benefits and payroll taxes related to accounting for stock option exercises , non - GAAP fully diluted earnings per share for the three months ended January 31 , 2021 and 2020 , were $ 0.80 , and $ 0.64 , respectively , which was an increase of 25.0 % . Excluding the impact of discrete income tax items , foreign currency - related gains and losses , certain income tax benefits and payroll taxes related to accounting for stock option exercises , non - GAAP fully diluted earnings per share for the six months ended January 31 , 2021 and 2020 , were $ 1.58 , and $ 1.29 , respectively , which was an increase of 22.5 % . 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 Friday , February 19 , 2021 , 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 and can be accessed at http://public.viavid.com/index.php?id=143555 or via hyperlink at www.copart.com/investorrelations . A replay of the call will be available through May 2021 by visiting www.copart.com/investorrelations or http://public.viavid.com/index.php?id=143555 . About Copart Copart , Inc. , founded in 1982 , is a global leader in online vehicle auctions . Copart's innovative technology and online auction platform links sellers to more than 750,000 Members in over 170 countries . Copart offers services to process and sell salvage and clean title vehicles to dealers , dismantlers , rebuilders , exporters , and in some jurisdictions , to the general public . Copart sells vehicles on behalf of insurance companies , banks , finance companies , charities , fleet operators , dealers and individuals . With operations at over 200 locations in 11 countries , Copart has more than 175,000 vehicles available online every day . Copart currently operates in the United States ( Copart.com ) , Canada ( Copart.ca ) , the United Kingdom ( Copart.co.uk ) , Brazil ( Copart.com.br ) , the Republic of Ireland ( Copart.ie ) , Germany ( Copart.de ) , Finland ( Copart.fi ) , the United Arab Emirates , Oman and Bahrain ( Copartmea.com ) , and Spain ( Copart.es ) . For more information , or to become a Member , visit Copart.com/Register . -1- Copart , Inc. ~ 14185 Dallas Parkway , Suite 300 , Dallas TX 75254 ~ ( 972 ) 391-5000