SAN FRANCISCO – Copart Inc. reported second-quarter net earnings of $32 million, or 35 cents a share, up from $30.4 million, during the year earlier, according to Thomson Financial.
The Fairfield, Calif.-based company posted revenue for the three months ended Jan. 31 of $173.5 million versus $128.9 million last year.
The company also said it entered into an agreement with Bank of America providing for a $200 million revolving credit facility.
Copart is a provider of remarketing services to process and sell vehicles over the Internet.
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