Josh Botwa
Analyst, J.P. Morgan
Replay available
Copart, Inc. (CPRT) Q4 2026 Earnings Call
Copart, Inc. (NASDAQ: CPRT) Q4 2026 earnings conference call, held 2026-09-10. Replay captured from the company's public earnings webcast.
Investor webinar replay
Meeting Overview The Copart Incorporated earnings call for the 4th quarter of fiscal 2026 focused on the company's performance, growth strategies, and recent developments, including the acquisition of ACV. Key topics included international expansion, technology investments, and insights into the automotive market trends. Key Discussion Points - Overview of Copart's three pillars of growth: international expansion, whole car expansion, and technology investments. - Discussion on liquidity and buyer activity as differentiators for Copart. - Review of global unit sales, with a 2.9% decrease overall but a 10% increase internationally. - Insights into collision claim frequency and average severity costs. - The increasing complexity of vehicles and its implications for the industry. - Statistics on vehicle sales to international buyers and their significance. - The role of AI in enhancing demand and accuracy in vehicle sales. - Announcement of the acquisition of ACV, a digital automotive ...
Featured Presenters
Ian Davis
Analyst, BNP Paribas (on behalf of Chris Pettiglieri)
John Healy
Analyst, North Coast Research
Jay Adair
CEO and Executive Chairman
Leah Stearns
Chief Financial Officer
Craig Tennyson
Analyst, Baird
Bob Labick
Analyst, CJS Securities
Jeff Lick
Analyst, Stephens
John Babcock
Analyst, Barclays
Brett Jordan
Analyst, Jefferies
Replay transcript excerpt
Speaker 1: Please stand by. Good day everyone and welcome to the Copart Incorporated Speaker 1: 4th 0.25 fiscal 2026 Speaker 1: earnings call. Speaker 1: Just a reminder, Speaker 1: today's conference is being recorded. Speaker 1: Before turning the call over to management, I will share a Copart's safe harbor statement. Speaker 1: The company's comments today Speaker 1: include forward-looking statements within the meaning of the federal securities laws, Speaker 1: including management's current views with respect to trends, opportunities, Speaker 1: and uncertainties in the company's industry. Speaker 1: These forward-looking statements Speaker 1: involve substantial risks and uncertainties. Speaker 1: For more detail on the risks associated Speaker 1: with the company's business, we refer you to the section titled Risk Factors Speaker 1: in the company's annual report on Form 10-K for the year ended July 31st, 2025, Speaker 1: and each of the company's subsequent quarterly reports on Form 10-Q. Speaker 1: Any forward-looking statements are made as of today Speaker 1: and the company has no obligation to update or revise any forward-looking statements. Speaker 1: I will now turn the call over to the company's CEO Speaker 1: and Executive Chairman, Jay Adair. Speaker 2: All right, thank you. Well, welcome, everyone, to the 4th 0.25 earnings call for 2026. Speaker 2: I've got some prepared remarks that I'll talk to and then I will turn it over to Leah Stearns, our CFO, Speaker 2: and then we will open it up for questions. So I'll remind you that on the prior call, I talked about the 3 pillars of growth for Copart. Speaker 2: We will continue to focus on international expansion Speaker 2: on insurance, Speaker 2: we'll continue to focus on whole car expansion Speaker 2...