10-QPeriod: Q3 FY2004

COPART INC Quarterly Report for Q3 Ended Apr 30, 2004

Filed June 14, 2004For Securities:CPRT

Summary

Copart, Inc. reported its quarterly results for the period ending April 30, 2004. The company's financial performance indicates continued growth and operational expansion, with a focus on its core vehicle auction business. Investors should note the company's strategic initiatives, including acquisitions and new facility openings, which are designed to enhance market reach and service capabilities. The filing provides a detailed look into the company's financial condition, operational results, and future outlook. Key areas of interest for investors include the company's revenue generation, profitability drivers, and its liquidity position. Management's discussion and analysis offers insights into the factors influencing these results and the company's strategies for navigating market conditions and capitalizing on growth opportunities.

Key Highlights

  • 1Consolidated Balance Sheets, Statements of Income, and Statements of Cash Flows for the period ending April 30, 2004, are provided.
  • 2The company is an 'accelerated filer' as defined by Rule 12b-2 of the Exchange Act.
  • 3As of June 10, 2004, Copart, Inc. had 89,982,682 shares of Common Stock outstanding.
  • 4Key sections within the report include Management's Discussion and Analysis of Financial Condition and Results of Operations, covering overview, acquisitions, critical accounting policies, results of operations, liquidity, capital resources, and factors affecting future results.
  • 5The report also details Legal Proceedings and Exhibits and Reports on Form 8-K.
  • 6Management's Discussion and Analysis provides insights into the company's strategic actions such as acquisitions and new openings.

Frequently Asked Questions

Based on the structure of the filing and common knowledge of Copart, the primary business revolves around vehicle auctions. The 'Management's Discussion and Analysis' section mentions 'Acquisitions and New Openings,' which are typical growth strategies for companies in the automotive remarketing or auction sector.

Copart, Inc. has indicated that it has filed all required reports for the preceding 12 months and is subject to such filing requirements for the past 90 days. It is also identified as an 'accelerated filer'.

As of June 10, 2004, there were 89,982,682 shares of Copart, Inc.'s Common Stock outstanding.

Part I of the filing includes the Consolidated Balance Sheets, Consolidated Statements of Income, Consolidated Statements of Cash Flows, and the Notes to Consolidated Financial Statements.