Copart, Inc. reported a disappointing earnings per share of $0.36, missing expectations of $0.39, which caused its stock to plunge 11.1% in after-hours trading. The company’s revenue fell to $1.12 billion, a 3.6% drop year-over-year, also missing revenue forecasts by 2.1%. With net income down 9.5% from the prior year to $350.7 million and a year-to-date sales dip of 1%, analysts are now revising projections amid growing market concerns.
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