Filing Flows › Copart (CPRT) › Q3 FY25
Copart (CPRT) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jun 3, 2025
Copart (CPRT) reported revenue of $1.2B for the third quarter fiscal 2025 (Q3 FY25), +7% from a year earlier and +4% from the quarter before. Operating margin was 37.3%, net earnings $407M (33.6% of revenue).
Copart, Q3 FY25: revenue $1.2B (+8% year over year), operating margin 37.3%, net earnings $407M, operating cash flow $701M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +4% | +7% |
| Operating profit | $452M | +6% | +3% |
| Net earnings | $407M | +5% | +6% |
| Operating cash flow | $701M | +293% | +41% |
| Free cash flow | $573M | 142× | +40% |
What changed
Revenue was $1.2B in Q3 FY25, up 7% year over year and up 4% from the previous quarter. Service revenues was the largest line at 85% of revenue. Service revenues added $0.09B year over year (up 9%), 104% of the total change. Vehicle sales declined 2%.
Operating profit was $0.45B, a 37.3% margin (down 1.5 points year over year). Of the extra revenue versus a year earlier, 17% reached operating profit, below the 39% margin then. Total costs grew 10% against revenue growth of 7%. The fastest-growing cost line was General & admin (+14%). Net earnings were $0.41B, up 6% year over year ($0.41B including minority interests, which bore $1.3M of losses). The effective tax rate was 19.4%.
Operating cash flow was $0.70B (up 41% year over year), 173% 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 added $0.23B. Capital expenditures of $0.13B left free cash flow of $0.57B.
Questions
What was Copart's revenue in the third quarter fiscal 2025?
Copart (CPRT) reported revenue of $1.2B for the third quarter fiscal 2025 (Q3 FY25), +7% from a year earlier and +4% from the quarter before.
Was Copart profitable in the third quarter fiscal 2025?
Operating profit was $452M (37.3% of revenue) and net earnings $407M.
Source: Copart 10-Q on SEC EDGAR.