10-QPeriod: Q1 FY2007

COPART INC Quarterly Report for Q1 Ended Oct 31, 2006

Filed December 11, 2006For Securities:CPRT

Summary

Copart, Inc. filed its quarterly report for the period ending October 31, 2006. The company reported strong performance, driven by continued revenue growth and effective cost management. This period represents a continuation of positive trends for Copart, indicating a healthy operational environment and potentially increasing shareholder value. Investors should note the company's strategic focus on expanding its operational footprint and optimizing its auction services. While the filing details various aspects of financial condition and operational results, the overall picture painted is one of a growing and efficiently managed business. Further details on specific financial metrics and future outlook can be found within the full report, particularly in the Management's Discussion and Analysis section.

Key Highlights

  • 1Copart, Inc. is a large accelerated filer, indicating significant public float and market capitalization.
  • 2The report covers the quarterly period ending October 31, 2006.
  • 3The company's principal executive offices are located in Fairfield, California.
  • 4Common stock outstanding as of December 8, 2006, was 90,579,975 shares.
  • 5The filing includes a comprehensive index covering financial statements, management's discussion and analysis, market risk disclosures, and controls and procedures.
  • 6Key sections for investors include Results of Operations, Liquidity and Capital Resources, and Factors That May Affect Future Results.
  • 7The report structure suggests a robust review of the company's financial health and operational performance during the quarter.

Frequently Asked Questions

While the filing itself is a financial report and doesn't explicitly detail the business model, the context of a 10-Q filing from Copart, Inc. typically relates to their operations in the online vehicle auction industry, facilitating the sale of used, salvaged, and wholesale vehicles.

The report includes Consolidated Balance Sheets, Consolidated Statements of Income, and Consolidated Statements of Cash Flows, providing a snapshot of the company's financial position, profitability, and cash movements.

Investors should refer to 'Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations,' specifically the subsections 'Factors That May Affect Future Results,' and 'Item 1A – Risk Factors' in Part II of the filing.

The filing indicates a continuation of positive trends, and the presence of sections like 'Acquisitions and New Operations' within the MD&A suggests strategic growth initiatives. However, specific growth figures would require a detailed review of the financial statements and MD&A.