Filing Flows › Copart (CPRT) › Q2 FY25
Copart (CPRT) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 26, 2025
Copart (CPRT) reported revenue of $1.2B for the second quarter fiscal 2025 (Q2 FY25), +14% from a year earlier and +1% from the quarter before. Operating margin was 36.6%, net earnings $387M (33.2% of revenue).
Copart, Q2 FY25: revenue $1.2B (+14% year over year), operating margin 36.6%, net earnings $387M, operating cash flow $178M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +1% | +14% |
| Operating profit | $426M | +5% | +12% |
| Net earnings | $387M | +7% | +19% |
| Operating cash flow | $178M | -63% | +10% |
| Free cash flow | $4.0M | -98% | -90% |
What changed
Revenue was $1.2B in Q2 FY25, up 14% year over year and up 1% from the previous quarter. Service revenues was the largest line at 85% of revenue. Service revenues added $0.13B year over year (up 15%), 90% of the total change.
Operating profit was $0.43B, a 36.6% margin (down 0.6 points year over year). Of the extra revenue versus a year earlier, 32% reached operating profit, below the 37% margin then. Total costs grew 15% against revenue growth of 14%. The fastest-growing cost line was General & admin (+18%). Net earnings were $0.39B, up 19% year over year. The effective tax rate was 16.5%.
Operating cash flow was $0.18B (up 10% year over year), 46% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.27B. Capital expenditures of $0.17B left free cash flow of $4.0M.
Questions
What was Copart's revenue in the second quarter fiscal 2025?
Copart (CPRT) reported revenue of $1.2B for the second quarter fiscal 2025 (Q2 FY25), +14% from a year earlier and +1% from the quarter before.
Was Copart profitable in the second quarter fiscal 2025?
Operating profit was $426M (36.6% of revenue) and net earnings $387M.
Source: Copart 10-Q on SEC EDGAR.