Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (62282)	9/21/1999 12:25:00 PM
From: Jenna	Respond to of 120523

CPRT (earnings play)up nicely second day, mentioned yesterday, Copart Achieves Record Profitability for Fourth Quarter and Fiscal 1999 Q4 Revenues Increase 32%, Earnings per Share Rise 50% Same Store Sales up 25%, 8% of Proceeds from Web Sales BENICIA, Calif.--(BUSINESS WIRE)--Sept. 21, 1999--Copart, Inc. (Nasdaq:CPRT - news) today reported record profits for the fourth quarter and fiscal year ended July 31, 1999. Copart earned net income of $6,669,100 in the fourth quarter of fiscal 1999, generating a 50% increase in earnings per share over Q4 1998 to $.24 per diluted share on revenues of $39,489,200. In the fourth quarter of fiscal 1998, Copart earned net income of $4,320,600, or $.16 per diluted share, on revenues of $29,972,800. For fiscal 1999, Copart earned net income of $21,966,300, or $.80 per diluted share, on revenues of $141,751,400. Copart reported net income of $15,216,200, or $.57 per diluted share, on revenues of $114,206,000 for fiscal 1998. The Company also reported quarterly Internet sales information. Approximately 8% of the fourth quarter's gross proceeds came from the sale of cars sold to Internet bidders or whose price was ''pushed'' by Internet bidders. Total Internet sales for the quarter were $13.3 million, consisting of approximately $6.4 million of product sold and $6.9 million pushed by Internet bids. Comparable numbers for the third quarter were approximately $5.0 million of product sold and an additional $5.2 million pushed. ''We are very pleased with our performance