Copart, Inc. (CPRT) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.038 First Quarter Fiscal 2026 Earnings Call. Just a 00:00:05.038 -- 00:00:08.963 reminder, today's conference is being recorded. 00:00:08.963 -- 00:00:15.152 Before turning the call over to management, I will share Copart's safe harbor statement. 00:00:15.152 -- 00:00:20.179 The company's comments today include forward-looking statements within the meaning of 00:00:20.179 -- 00:00:25.567 the federal securities laws, including management's current views with respect 00:00:25.567 -- 00:00:31.075 to trends, opportunities, and uncertainties, in the company's industry. 00:00:31.075 -- 00:00:36.322 These forward-looking statements involve substantial risks and uncertainties. 00:00:36.322 -- 00:00:41.489 For more detail on the risks associated with the company's business, we refer you 00:00:41.489 -- 00:00:46.617 to the section titled Risk Factors in the company's annual report on 00:00:46.617 -- 00:00:51.881 Form 10-K for the year ended July 31st, 2025, 00:00:52.325 -- 00:00:58.233 and each of the company's subsequent quarterly reports on Form 10-Q. 00:00:58.233 -- 00:01:04.201 Any forward-looking statements are made as of today and the company has no obligation 00:01:04.201 -- 00:01:07.846 to update or revise any forward-looking statements. 00:01:07.846 -- 00:01:13.551 I will now turn the call over to the company's CEO, Jeff Liao. 00:01:14.235 -- 00:01:19.302 Welcome and thank you for joining us for our first quarter fiscal year 2026 earnings 00:01:19.302 -- 00:01:24.349 call. I'll begin with some brief remarks on trends in our insurance business, our progress 00:01:24.349 -- 00:01:28.894 in growing our non-insurance vehicle business, and then a short discussion The key drivers 00:01:28.894 -- 00:01:33.821 behind our auction returns before ...