Summary
Copart Inc.'s (CPRT) 10-Q filing for the period ending April 30, 2013, primarily details share repurchases under its publicly announced program. During the nine months ended April 30, 2013, the company repurchased a total of 500,000 shares of its common stock at an average price of $27.77 per share. This was executed as part of a publicly announced program. While this filing focuses on share repurchases and does not offer a comprehensive financial overview, it indicates ongoing capital allocation towards share buybacks. Investors should note that the remaining authorization under the program at the end of April 2013 was approximately 47.7 million shares, suggesting continued flexibility for future repurchases. For a complete understanding of the company's financial health, investors should refer to other sections of the 10-Q report, such as the financial statements and management's discussion and analysis.
Financial Highlights
53 data points| Revenue | $277.64M |
| Cost of Revenue | $45.63M |
| Gross Profit | $115.60M |
| Operating Expenses | $194.82M |
| Operating Income | $82.81M |
| Interest Expense | $2.54M |
| Net Income | $53.24M |
| EPS (Basic) | $0.05 |
| EPS (Diluted) | $0.05 |
| Shares Outstanding (Basic) | 1.00M |
| Shares Outstanding (Diluted) | 1.04M |
Key Highlights
- 1Copart Inc. repurchased 500,000 shares of common stock during the nine months ended April 30, 2013.
- 2The average price paid per share for these repurchases was $27.77.
- 3All repurchases were conducted as part of a publicly announced share buyback program.
- 4As of April 30, 2013, approximately 47,713,218 shares remained authorized for repurchase under the program.
- 5The filing indicates active capital management through share repurchases.
- 6No other equity issuances or unregistered sales of equity securities were reported for the period.