The Car and Truck Fleet and Leasing Management Magazine

Copart Reports Fourth Quarter and Fiscal 2003 Results

September 18, 2003

Copart, Inc. on Sept. 16, 2003 reported results for the fourth quarter and fiscal year ended July 31, 2003.

Copart earned net income of $13,336,800 in the fourth quarter of fiscal 2003 on revenues of $87,216,100. This quarter's net income is 14% lower than the $15,535,000 earned in the same period of fiscal 2002 on revenues of $82,632,600. Fully diluted earnings per share (EPS) for the quarter was $.15 compared to $.17 last year, a decrease of 12%.

For fiscal 2003, Copart earned net income of $57,222,200, or $.62 per diluted share, on revenues of $347,423,100. Copart reported net income of $57,389,200, or $.63 per diluted share, on revenues of $316,455,800 for fiscal 2002.

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