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Comparability, the linkwheel software firm declared net gain of $2,145,000, or 17 nickels for each share, on gross income of $21,442,000 with 83,100 buses processed for the equivalent period in monetary 1995

Copart reports record monetary results for monetary 1996

gross income up 104 p'cent, net gain up 62 p'cent, EPS up 31 p'cent.
BENICIA,. 8, 1996--Copart Inc. (NASDAQ:CPRT) declared monetary results for the 4th quarter and monetary 1996, finished July 31, 1996.
For monetary 1996, Copart received $11,185,000, or 85 nickels for each share, on gross income of $118,248,000 with 391,100 buses processed. By comparability, the firm declared net gain of $6,894,000, or 65 nickels for each share, on gross income of $58,117,000 with 223,300 buses processed for monetary 1995.
Approximately two-thirds of the 104 p'cent augment in gross income for the monetary yr was as a result of acquisitions and the opening of new facilities concluded by the firm beyond days gone by 24 months. Copart has attained 28 salvage automobile auction facilities and set forth six new facilities because the starting off of monetary 1995.
At current facilities, gross income for the monetary yr grown approximately 36 p'cent, of that gross income from buy program buses accounted for about three-fourths of the rise whilst per-unit gross income grown approximately 9 p'cent and automobile loudness grown approximately 3 p'cent.
"Monetary 1996 results reflect the greater revenue-generating potency of the firm as it accomplished wide-ranging large grocery stores coverage throughout most of the us," mentioned Willis J. Johnson, Copart's ceo.
Copart finished monetary 1996 in sound monetary sistuation with working finances of $40,083,000 adding up $13,026,000 in money and money equivalents, unused credit lines aggregating $28,500,000, and over all account balance of $11,260,000 or a 9 p'cent debt/equity proportion.
For the 4th quarter, Copart received $2,757,000, or 21 nickels for each share, on gross income of $31,430,000 with 100,200 buses processed. By link pyramid.
Copart, founded in 1982, offers automobile vendors, mostly insurance firms, with a whole array of services to process and sell salvage buses through auctions, chiefly to certified dismantlers, rebuilders and used automobile dealerships.
Salvage buses are either busted buses viewed a complete deficits for assurance or enterprise motives or are retrieved thieved buses for that an assurance settlement with the automobile possessor has really been made. The firm nowdays operates 49 facilities in 24 alleges. It also offers services in other spots through its countrywide affiliation of independent salvage automobile processors.
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Monetary Highlights
(in 1000s, except for each share and other informations)

3 months Finished July 31,
1996 1995
Consolidated Statements of Revenue Informations
Gross income $ 31,430 $ 21,442
Operating expenditures $ 27,331 $ 17,836
Operating revenue $ 4,099 $ 3,606
Net gain $ 2,757 $ 2,145
For each share:
,254 12,781
Other Informations
Salvage buses processed 100,200 83,100
Gross proceeds (000) $131,916 $116,264
Number of auction facilities 49 42


Monetary Yr Finished July 31,
1996 1995
Consolidated Statements of Revenue Informations
Gross income $118,248 $ 58,117
Operating expenditures $100,446 $ 46,856
Operating revenue $ 17,802 $ 11,261
Net gain $ 11,185 $ 6,894
For each share: Extra resources http://csufml.com/
,216 10,614
Other Informations
Salvage buses processed 391,100 223,300
Gross proceeds (000) $506,916 $317,788
Number of auction facilities 49 42


At link pyramid July 31, 1996 July 31, 1995
Consolidated Balance Sheet Informations
Money and money equivalents $ 13,026 http://iran-ict.org/ $ 13,779
Working finances $ 40,083 $ 32,756
Over all possessions $158,066 $135,158
Over all account balance $ 11,260 $ 3,734
Shareholders' equity $126,245 $113,116
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Joseph Whelan, 707/748-5003