Copart, Inc. (CPRT) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to the Copart Incorporated fourth quarter fiscal 2025 earnings call. Just a reminder, today's conference is being recorded. Before turning the call over to management, I will share Copart's safe harbor statement. The company's comments today include forward-looking statements within the meaning of federal securities laws. including management's current views with respect to trends, opportunities, and uncertainties in the company's markets. These forward-looking statements involve substantial risks and uncertainties. For more detail on the risks associated with the company's business we refer you to the section titled Risk Factors and the company's annual report on Form 10-K for the year ended July 31st, 2024, and each of the company's subsequent quarterly reports on Form 10-Q. Any forward-looking statements are made as of today, and the company has no obligation to update or revise any forward-looking statements. I'll now turn the call over to the company's CEO, Jeff Liao. Thank you, Owen. Welcome and thank you for joining us for our fiscal year 2025 call. We're pleased to announce the results of another record year for Copar to cross a number of dimensions, including units sold, revenue, and operating profits. For that, I wanted to extend our gratitude to our clients, our members, and our people who enabled our success. I'll begin today with some brief remarks on our insurance business and trends in the industry. followed by a discussion about Copart's auction liquidity before passing the call to Leah to discuss the results of our financial performance for the fourth quarter and the full fiscal year. We'll then take your questions. First, regarding our insurance business, for the full fiscal year 2025, Copart grew its global insurance...