Copart Reports First Quarter 2011 EPS of $.45 - Copart (NASDAQ:CPRT)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Copart, Inc. (NASDAQ: CPRT) today reported the results for its first quarter ended October 31, 2010. For the three months ended October 31, 2010, revenue, operating income and net income were $212.7 million, $59.6 million and $37.8 million, respectively. These represent increases in revenue of $27.2 million, or 14.7%; in operating income of $3.1 million, or 5.5%; and in net income of $2.6 million, or 7.2%, from the same quarter last year. Fully diluted earnings per share for the three months ended October 31, 2010 were $0.45 compared to $0.42 for the same period last year, an increase of 7.1%.

27% profit every 20 days?

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