Copart Inc (CPRT)

Pretax margin

		Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	1,715,274	1,730,150	1,698,287	1,664,529	1,554,328	1,434,104	1,363,279	1,328,231	1,340,954	1,336,530	1,290,460	1,200,857	1,121,846	1,024,685	892,950	845,572	800,839	786,026	798,355	758,247
Revenue (ttm)	US$ in thousands	4,255,687	4,318,170	4,194,000	4,111,004	3,955,141	3,787,204	3,682,543	3,573,966	3,480,629	3,362,071	3,155,086	2,904,141	2,688,209	2,466,243	2,284,539	2,243,897	2,205,583	2,222,499	2,225,255	2,135,013
Pretax margin		40.31%	40.07%	40.49%	40.49%	39.30%	37.87%	37.02%	37.16%	38.53%	39.75%	40.90%	41.35%	41.73%	41.55%	39.09%	37.68%	36.31%	35.37%	35.88%	35.51%

July 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,715,274K ÷ $4,255,687K
= 40.31%

The pretax margin of Copart Inc has shown stability and consistency over the past several quarters, ranging from a high of 41.73% to a low of 35.37%. The company has maintained a strong level of profitability before accounting for income taxes, with margins consistently above 35%. This indicates efficient cost management and operational performance, as higher pretax margins reflect the ability to generate more income relative to total revenue. Despite some fluctuations, the overall trend suggests that Copart Inc has been successful in maintaining healthy pretax margins, which is a positive sign for investors and stakeholders. It is essential for the company to continue monitoring and managing its operating expenses effectively to sustain this level of profitability in the future.