Copart, Inc. (CPRT) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.653 Please stand by. Good 00:00:02.653 -- 00:00:07.818 day, everyone, and welcome to the Copart Incorporated second quarter fiscal 00:00:07.818 -- 00:00:13.083 2026 earnings call. Just a reminder, today's conference is being 00:00:13.083 -- 00:00:18.428 recorded. Before turning the call over to management, I will share Copart's 00:00:18.428 -- 00:00:20.610 safe harbor statement. 00:00:20.610 -- 00:00:25.634 The company's comments today include forward-looking statements within the meaning of 00:00:25.634 -- 00:00:30.980 the federal securities laws, including management's current views with respect 00:00:30.980 -- 00:00:36.528 to trends, opportunities, and uncertainties in the company's industry. 00:00:36.528 -- 00:00:41.776 These forward-looking statements involve substantial risks and uncertainties. 00:00:41.776 -- 00:00:46.944 For more detail on the risks associated with the company's business, we refer you 00:00:46.944 -- 00:00:52.072 to the section titled Risk Factors in the company's annual report on 00:00:52.072 -- 00:00:57.276 Form 10-K for the year ended July 31, 2025 00:00:57.659 -- 00:01:03.809 and each of the company's subsequent quarterly reports on Form 10-Q. 00:01:03.809 -- 00:01:09.659 Any forward-looking statements are made as of today, and the company has no obligation 00:01:09.659 -- 00:01:13.305 to update or revise any forward-looking statements. 00:01:13.305 -- 00:01:18.353 I will now turn the call over to the company's CEO, Jeff Liao. 00:01:18.353 -- 00:01:19.375 Thank you, Owen. 00:01:19.375 -- 00:01:24.912 Welcome and thank you for joining our second quarter fiscal year 2026 earnings call. 00:01:24.912 -- 00:01:29.560 I'll begin with some brief remarks on trends in our insurance business before passing 00:01:29.5...