Copart reports first quarter fiscal 2021 financial results

Dallas--(business wire)-- #copartearnings--copart, inc. (nasdaq: cprt) today reported financial results for the quarter ended october 31, 2020. for the three months ended october 31, 2020, revenue, gross profit, and net income were $592.9 million, $296.8 million, and $200.3 million, respectively. these represent an increase in revenue of $38.5 million, or 6.9%; an increase in gross profit of $41.9 million, or 16.4%; and a decrease in net income of $17.9 million, or 8.2%, respectively, from the same period last y
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