Copart, Inc. (CPRT) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.758 Good day, everyone, and welcome to the Copart Incorporated third quarter fiscal 2025 00:00:05.758 -- 00:00:11.045 earnings call. Just a reminder, today's conference is being recorded. 00:00:11.045 -- 00:00:16.512 Before turning the call over to management, I will share Copart's safe harbor statement. 00:00:16.512 -- 00:00:21.378 The company's comments today include forward-looking statements within the meaning of 00:00:21.378 -- 00:00:26.800 federal security flaws. including management's current views with respect to trends, 00:00:26.800 -- 00:00:31.267 opportunities, and uncertainties in the company's markets. 00:00:31.267 -- 00:00:36.074 These forward-looking statements involve substantial risks and uncertainties. 00:00:36.074 -- 00:00:41.162 For more detail on the risks associated with the company's business, we refer you to 00:00:41.162 -- 00:00:46.269 the section titled Risk Factors in the company's annual report on 00:00:46.269 -- 00:00:51.574 Form 10-K for the year ended July 31, 2024. 00:00:51.837 -- 00:00:58.163 and in each of the company's subsequent quarterly reports on Form 10-Q. 00:00:58.163 -- 00:01:03.548 Any forward-looking statements are made as of today, and the company has no obligation 00:01:03.548 -- 00:01:07.492 to update or revise any forward-looking statements. 00:01:07.492 -- 00:01:12.377 I will now turn the call over to the company's CEO, Jeff Liao. 00:01:12.377 -- 00:01:16.842 Welcome, and thank you for joining us. I'll begin with some remarks on our insurance 00:01:16.842 -- 00:01:22.486 business. including comments about our preparation for the 2025 CAT season 00:01:22.486 -- 00:01:26.913 before passing it to Leah to describe the results of our financial performance for the 00:01:26.913 -- 00:01:32.041 ...