Copart (Nasdaq: CPRT) reported earnings on Friday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Jan. 31 (Q2), Copart beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded, and GAAP earnings per share expanded significantly.

Gross margins expanded, operating margins increased, and net margins dropped.

Revenue details
Copart booked revenue of $227.9 million. The eight analysts polled by S&P Capital IQ expected a top line of $218.5 million on the same basis. GAAP reported sales were 9.9% higher than the prior-year quarter's $207.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.70. The eight earnings estimates compiled by S&P Capital IQ forecast $0.59 per share on the same basis. GAAP EPS of $0.62 for Q2 were 35% higher than the prior-year quarter's $0.46 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 43.7%, 230 basis points better than the prior-year quarter. Operating margin was 31.7%, 270 basis points better than the prior-year quarter. Net margin was 17.8%, 50 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $255.6 million. On the bottom line, the average EPS estimate is $0.87.

Next year's average estimate for revenue is $937.4 million. The average EPS estimate is $2.83.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,344 members rating the stock outperform and 41 members rating it underperform. Among 466 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 457 give Copart a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Copart is hold, with an average price target of $47.57.