Copart Inc. reported its third-quarter fiscal year 2025 results with revenue increasing 7.5% to $1.21 billion and net income rising 6.4% to $406.6 million. The company’s adjusted earnings per share (EPS) were $0.42. For the first nine months of fiscal 2025, Copart’s revenue grew 11.2% to $3.5 billion, with net income up 11.1% to $1.2 billion. Despite overall growth, Copart experienced a 1% year-over-year decline in U.S. insurance volumes and a 10% decrease in inventory levels. Service revenues decelerated by 600 basis points sequentially to 9% year-over-year growth this quarter. There are indications that Copart has lost some market share in U.S. insurance volumes to competitor Ritchie Bros. Auctioneers (RBA), though historically such shifts have been temporary. Separately, ePlus Inc. reported its fourth-quarter fiscal 2025 results with adjusted EPS of $1.11 and net income of $25.2 million on revenue of $498.1 million. The company saw a 33% surge in services revenue, which helped drive a gross margin of 29.3%, despite a 10% decline in overall sales.