Copart (Nasdaq: CPRT) reported earnings on May 29. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 30 (Q3), Copart missed estimates on revenues and met expectations on earnings per share.

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

Margins grew across the board.

Revenue details
Copart booked revenue of $244.1 million. The five analysts polled by S&P Capital IQ foresaw sales of $257.9 million on the same basis. GAAP reported sales were 3.1% higher than the prior-year quarter's $236.8 million.

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

EPS details
EPS came in at $0.43. The five earnings estimates compiled by S&P Capital IQ anticipated $0.43 per share. GAAP EPS of $0.43 for Q3 were 19% higher than the prior-year quarter's $0.36 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 50.6%, 460 basis points better than the prior-year quarter. Operating margin was 36.0%, 100 basis points better than the prior-year quarter. Net margin was 22.7%, 150 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $231.8 million. On the bottom line, the average EPS estimate is $0.35.

Next year's average estimate for revenue is $940.7 million. The average EPS estimate is $1.42.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,327 members out of 1,366 rating the stock outperform, and 39 members rating it underperform. Among 423 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 414 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 $26.07.