Copart Q3 Results Beat Street View; Shares Up 5%

(RTTNews) - Shares of Copart Inc. (CPRT) gained over 5% in extended session Wednesday after it reported its third-quarter results, with both earnings and revenues trouncing Wall Street view.

Third-quarter profit rose to $286.8 million or $1.19 per share, up from $147.5 million or $0.62 per share last year.

Adjusted earnings for the quarter were $1.09 per share, up from $0.58 per share last year. Analysts polled by Thomson Reuters estimated earnings of $0.80 per share and revenues of $628.9 million.

Third-quarter revenues rose 33.4% to $733.9 million from $550.4 million last year. Analysts had a consensus revenue estimate of $633.05 million.

CPRT closed Wednesday's trading at $120.99, down $0.18 or 0.15%, on the Nasdaq. The stock, however, gained $6.02 or 4.98%, in the after-hours trade.