10-QPeriod: Q2 FY2004

COPART INC Quarterly Report for Q2 Ended Jan 31, 2004

Filed March 12, 2004For Securities:CPRT

Summary

Copart, Inc. (CPRT) filed its quarterly report on Form 10-Q for the period ended January 31, 2004. The filing indicates that the company has met its filing requirements for the preceding 12 months and the past 90 days. As of March 11, 2004, Copart had 89,157,810 shares of common stock outstanding. This report provides investors with a detailed look at the company's financial performance, operational activities, and strategic outlook, including information on its balance sheets, income statements, cash flows, and management's discussion and analysis. Investors reviewing this report should pay close attention to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" section. This section typically provides insights into the company's performance drivers, any significant acquisitions or new market entries, critical accounting policies, and an outlook on future performance. The report also addresses liquidity, capital resources, and potential risks that could impact the company's future results, offering a comprehensive view for investment evaluation.

Key Highlights

  • 1The report is a quarterly filing for the period ended January 31, 2004.
  • 2Copart has met all required filing obligations for the preceding 12 months and the past 90 days.
  • 3As of March 11, 2004, there were 89,157,810 shares of common stock outstanding.
  • 4The filing includes detailed financial statements: Consolidated Balance Sheets, Consolidated Statements of Income, and Consolidated Statements of Cash Flows.
  • 5Management's Discussion and Analysis (MD&A) provides insights into operations, including acquisitions, new openings, critical accounting policies, results of operations, liquidity, capital resources, and factors affecting future results.
  • 6The report also covers quantitative and qualitative disclosures about market risk and details on the company's controls and procedures.

Frequently Asked Questions

This 10-Q filing provides a quarterly update on Copart, Inc.'s financial performance and operational status for the period ending January 31, 2004. It includes unaudited financial statements and management's analysis of the company's condition and results, offering investors key insights into the company's recent activities and outlook.

Detailed financial information, including the Consolidated Balance Sheets, Consolidated Statements of Income, and Consolidated Statements of Cash Flows for the period ended January 31, 2004, can be found under 'Item 1 - Financial Information' within the report.

The 'Management's Discussion and Analysis of Financial Condition and Results of Operations' (MD&A) section is crucial for investors as it offers management's perspective on the company's financial performance, operational highlights (like acquisitions or new sites), critical accounting judgments, financial health, and potential future risks and opportunities. It helps contextualize the financial numbers presented.

Yes, the 'Management's Discussion and Analysis' section includes a subsection titled 'Factors That May Affect Future Results,' which is dedicated to discussing potential risks and uncertainties that could impact Copart's future performance. Investors should carefully review this part for a comprehensive understanding of the company's risk profile.