Copart rises after quarterly revenue beat on post-hurricane sales
22/11/2024 12:46
** Online vehicle auctioneer Copart's CPRT.O shares rise
~2% to $58.11 premarket
** Company posts fiscal Q1 2025 revenue of $1.15 bln,
beating estimates of $1.10 bln - data compiled by LSEG
** Co posts profit per share of 37 cents, in-line with
expectations and an 8% increase from a year ago
** Sales boosted by co's recovery and auction of damaged
vehicles after hurricanes Helene and Milton
** CEO Jeff Liaw says company sold twice as many vehicles in
first ten days of storms compared with hurricane Ian in 2022
** Up to last close, stock has risen over 16% YTD
(Reporting by Aamir Sohail in Bengaluru)
((Aamir.Sohail@thomsonreuters.com;))