Copart (CPRT) Misses Q1 EPS by 1c; Appoints New CEO

Copart (NASDAQ: CPRT) reported Q1 EPS of $0.42, $0.01 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $288.8 million versus the consensus estimate of $290.22 million.

Copart also reported that Jeffrey Liaw has agreed to become Copart's Senior Vice President of Finance and Chief Financial Officer, effective January 4, 2016. William Franklin, currently Copart's Executive Vice President and Chief Financial Officer, will continue his role as Executive Vice President responsible for U.S. operations and shared services.

Mr. Liaw has served as the Chief Financial Officer of FleetPride, Inc., a privately held company that distributes truck and trailer parts nationwide, since January 2013. From August 2005 to December 2012, Mr. Liaw was a principal of TPG Capital Management, L.P., a private equity firm. Mr. Liaw earned his B.A. and B.B.A. from the University of Texas in 1999, and he earned his M.B.A. from Harvard University in 2005.

For earnings history and earnings-related data on Copart (CPRT) click here.

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