Copart gains in trading after it releases third quarter earnings rise of 20%. Earnings per share increased 27% to 52 cents from 41 cents.
Copart, an operator of vehicle junk yards in the U.S., Canada and UK reported third quarter revenue increased 51.8% to $221.2 million from $145.7 million for the same quarter of 2007. Net income increased 19.6% to $46.5 million or 52 cent compared to $$38.9 million or 41 cent for the same quarter of 2007.
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