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For Immediate Release Copart , Inc. Copart Reports First Quarter Fiscal 2022 Financial Results Dallas , Texas . ( November 17 , 2021 ) - Copart , Inc. ( NASDAQ : CPRT ) today reported financial results for the quarter ended October 31 , 2021 . For the three months ended October 31 , 2021 , revenue , gross profit , and net income were $ 810.1 million , $ 385.0 million , and $ 260.4 million , respectively . These represent an increase in revenue of $ 217.2 million , or 36.6 % ; an increase in gross profit of $ 88.3 million , or 29.7 % ; and an increase in net income of $ 60.1 million , or 30.0 % , respectively , from the same period last year . Fully diluted earnings per share for the three months were $ 1.08 compared to $ 0.83 last year , an increase of 30.1 % . Excluding the impact of certain income tax benefits related to stock - based compensation , non - GAAP fully diluted earnings per share for the three months ended October 31 , 2021 and 2020 , were $ 1.07 , and $ 0.79 , respectively , which was an increase of 35.4 % . 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 Thursday , November 18 , 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 via hyperlink at www.copart.com/investorrelations . A replay of the call will be available through February 2022 by visiting www.copart.com/investorrelations . 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 vehicles to dealers , dismantlers , rebuilders , exporters , and to the general public . Copart sells vehicles on behalf of insurance companies , banks , finance companies , charities , fleet operators , dealers , vehicle rental companies , and individuals . With operations at over 200 locations in 11 countries , Copart has more than 250,000 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 . Copart , Inc. -1 14185 Dallas Parkway , Suite 300 , Dallas TX 75254 ~ ( 972 ) 391-5000