Financial Data and Key Metrics Changes - Global revenue increased by $184 million or 33%, including an $8 million benefit from currency fluctuations [14] - Global service revenue rose by $132 million or 27%, primarily due to higher average selling prices (ASPs) [14] - GAAP net income increased by 95% from $147 million to $267 million year-over-year [16] - Non-GAAP net income increased by $89.8 million from $138 million to $262 million in Q3 2021 [16] - Operating cash flow for the quarter increased by $75 million year-over-year to $369 million [17] Business Line Data and Key Metrics Changes - Global unit sales increased by 3%, with a 4.5% increase in the U.S. and a 5% decline internationally [6] - The U.S. non-insurance business grew approximately 30% in unit volume year-over-year [6] - The dealer business increased by 26% in unit volume year-over-year [7] - Insurance business volumes were down approximately 3% compared to Q3 2020, but effectively flat with 2019 [6] Market Data and Key Metrics Changes - Global inventory at the end of April increased by 16% year-over-year, with a 21% increase in U.S. inventory and a 13% decline in international inventory [7] - Average selling prices increased worldwide by 48% year-over-year, with U.S. insurance ASPs up more than 50% [8] Company Strategy and Development Direction - The company continues to expect modest increases in per capita driving and anticipates a recovery in driving activity post-pandemic [10] - Long-term growth is expected to be driven by increasing demand from emerging economies for wrecked vehicles [12] - The company is focused on capacity expansion and has invested $81.2 million in capital expenditures for the quarter, primarily for capacity expansion [18] Management's Comments on Operating Environment and Future Outlook - Management noted that driving activity is rebounding but remains suppressed compared to pre-pandemic levels [10] - The company expects a continuation of a long-term trend of modest declines in accident frequency due to safety technologies [11] - Management expressed confidence in the durability of ASP growth over time, driven by demand from emerging economies [12] Other Important Information - The company has $2 billion in liquidity, including $912 million in cash and an undrawn revolving credit facility [17] - The company is still in investment mode, focusing on land and infrastructure expansion [36] Q&A Session Summary Question: Impact of increased supply-demand imbalance on auctions - Management indicated that the strong used car price environment has helped with conversion on consigned vehicles, but no unusual effects beyond price were noted [20][21] Question: Advantages of Copart in the dealer market - Management stated that auction liquidity and delivered prices are the most important factors for dealers, and Copart continues to deliver strong results [22][24] Question: Demand levels from international buyers - Management described international buyers as healthy, purchasing at rates similar to pre-COVID levels, with a focus on higher-value cars [27][28] Question: Update on Germany operations and consignment model - Management confirmed ongoing investments in Germany and progress in converting to a consignment model, which is seen as economically superior for insurance carriers [30] Question: Capital expenditure outlook - Management indicated that the majority of capital expenditures are focused on incumbent markets, with continued investment in land and infrastructure expected [36][41] Question: Value of land holdings and potential actions - Management emphasized the importance of owning land for long-term service to customers and indicated that they prefer to hold land rather than engage in sale-leaseback transactions [75][76] Question: Interest in digital dealer-to-dealer marketplaces - Management acknowledged the evolving market and the potential for strategic extensions but emphasized the strength of their existing auction liquidity [78] Question: Types of items considered for auction - Management indicated that while the core business remains critical, they are open to cautiously exploring other markets, such as powersports equipment [83]

Copart, Inc. (NASDAQ:CPRT) Q2 2021 Earnings Conference Call February 19, 2021 11:00 AM ET Company Participants John North - Chief Financial Officer Jeff Liaw - President Conference Call Participants Bob Labick - CJS Securities Stephanie Benjamin - Truist Financial Craig Kennison - Baird Bret Jordan - Jefferies Daniel Imbro - Stephens Inc. Chris Bottiglieri - Exane BNP Paribas Gary Prestopino - Barrington Research Ryan Brinkman - JPMorgan Operator Good day everyone, and welcome to the Copart Incorporated Se ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2020 OR | --- | --- | --- | |-------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------ ...

Copart, Inc. (NASDAQ:CPRT) Q1 2021 Earnings Conference Call November 19, 2020 11:00 AM ET Company Participants John North - CFO Jay Adair - CEO Jeff Liaw - President Conference Call Participants Bob Labick - CJS Securities Stephanie Benjamin - Truist Securities Craig Kennison - Baird Bret Jordan - Jefferies Ryan Brinkman - JPMorgan Operator Please standby. Good day everyone, and welcome to the Copart Incorporated First Quarter Fiscal 2021 Earnings Call. [Operator Instructions] For opening remarks and introd ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended July 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-23255 COPART, INC. (Exact name of registrant as specified in its charter) 94-2867490 (I.R.S. Employer Identification No.) Delaware000-23 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | |-------------------------------------------------------------|---------------------------------------------------------------------------------|------------------ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2020 OR | --- | --- | --- | --- | --- | |-------------------------------------------------------------|-------|----------------------------------------|-----------------------------------|--------------------------------------------| | | | | | | | OF 1934 ☐ | | For the transition perio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2019 OR | --- | --- | --- | --- | |--------|-------------------------------------------------------------------|--------------------------------------------------------------------------|--------------------------------------------| | | | | | | ☐ | OF 1934 | | | | | | the transition pe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended July 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-23255 COPART, INC. (Exact name of registrant as specified in its charter) Delaware 000-23255 94-2867490 (State or other jurisdiction of ...