PART I - Financial Information [Financial Statements (Unaudited)](index=3&type=section&id=Item%201%20-%20Financial%20Statements%20(Unaudited)) This section presents the unaudited consolidated financial statements for the quarterly period ended April 30, 2023 [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) Consolidated Balance Sheet Highlights (in thousands) | Account | April 30, 2023 | July 31, 2022 | | :--- | :--- | :--- | | **Total Assets** | **$6,349,805** | **$5,308,864** | | Cash, cash equivalents, and restricted cash | $2,114,183 | $1,384,236 | | Property and equipment, net | $2,710,933 | $2,485,764 | | **Total Liabilities** | **$757,383** | **$683,265** | | **Total Stockholders' Equity** | **$5,592,422** | **$4,625,599** | [Consolidated Statements of Income](index=4&type=section&id=Consolidated%20Statements%20of%20Income) Consolidated Income Statement Summary (in thousands, except per share data) | Metric | Three Months Ended April 30, 2023 | Three Months Ended April 30, 2022 | Nine Months Ended April 30, 2023 | Nine Months Ended April 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | **Total Revenues** | **$1,021,831** | **$939,941** | **$2,871,927** | **$2,617,533** | | Service Revenues | $847,249 | $766,316 | $2,363,886 | $2,145,224 | | Vehicle Sales | $174,582 | $173,625 | $508,041 | $472,309 | | **Operating Income** | **$418,924** | **$372,755** | **$1,095,952** | **$1,050,204** | | **Net Income** | **$350,431** | **$278,620** | **$889,956** | **$826,395** | | **Diluted EPS** | **$0.72** | **$0.58** | **$1.84** | **$1.71** | [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Consolidated Cash Flow Summary (in thousands) | Cash Flow Activity | Nine Months Ended April 30, 2023 | Nine Months Ended April 30, 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $1,005,633 | $863,854 | | Net cash used in investing activities | ($328,759) | ($457,570) | | Net cash provided by financing activities | $51,020 | $18,578 | | **Net increase in cash** | **$729,947** | **$406,558** | [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) - The company effected a two-for-one stock split in the form of a stock dividend on November 3, 2022[25](index=25&type=chunk) - On July 5, 2022, the Company acquired 100% of Hills Motors, a parts recycler in the United Kingdom, for a purchase price of **$106.6 million**[41](index=41&type=chunk)[42](index=42&type=chunk) - The company did not repurchase any shares of its common stock during the nine months ended April 30, 2023[68](index=68&type=chunk) Revenue by Type and Segment (Nine Months Ended April 30, 2023, in thousands) | Revenue Type | United States | International | Total | | :--- | :--- | :--- | :--- | | Service Revenues | $2,109,467 | $254,419 | $2,363,886 | | Vehicle Sales | $261,069 | $246,972 | $508,041 | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=21&type=section&id=Item%202%20-%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's financial performance, covering revenue drivers, expense fluctuations, liquidity, and capital resources [Overview](index=21&type=section&id=Overview) - Copart is a leading provider of online vehicle auctions and remarketing services, operating in 11 countries with insurance companies as primary customers[79](index=79&type=chunk)[80](index=80&type=chunk) - Key performance drivers include total loss frequency, average vehicle auction selling prices, and operational costs[82](index=82&type=chunk) - The company highlights its role in environmental stewardship by enabling the global re-use and recycling of vehicles and parts[79](index=79&type=chunk) [Results of Operations](index=24&type=section&id=Results%20of%20Operations) - U.S. service revenue growth was driven by higher revenue per car, while international growth was primarily from increased volume[87](index=87&type=chunk) - Yard operations expenses increased **9.4% in Q3 2023 YoY**, driven by higher subhaul (transportation) and labor costs[90](index=90&type=chunk) - Total other income increased by **$24.7 million in Q3 2023** compared to the prior year, mainly due to higher interest income and foreign currency gains[96](index=96&type=chunk) Service Revenue Growth (YoY) | Region | Q3 2023 (in thousands) | Q3 2022 (in thousands) | % Change | | :--- | :--- | :--- | :--- | | United States | $752,077 | $678,865 | 10.8% | | International | $95,172 | $87,451 | 8.8% | | **Total** | **$847,249** | **$766,316** | **10.6%** | [Liquidity and Capital Resources](index=29&type=section&id=Liquidity%20and%20Capital%20Resources) - Cash from operating activities increased to **$1.01 billion** for the nine months ended April 30, 2023, up from $864 million in the prior-year period[99](index=99&type=chunk) - The company has a **$1.25 billion Revolving Loan Facility** maturing in December 2026, with $22.6 million outstanding as of April 30, 2023[102](index=102&type=chunk) Key Liquidity Metrics (in thousands) | Metric | April 30, 2023 | July 31, 2022 | | :--- | :--- | :--- | | Cash, cash equivalents, and restricted cash | $2,114,183 | $1,384,236 | | Working capital | $2,494,466 | $1,761,566 | [Quantitative and Qualitative Disclosures About Market Risk](index=31&type=section&id=Item%203%20-%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company states no material changes to its market risk disclosures since the last annual report - There have been no material changes to the company's market risk disclosures from the last Annual Report on Form 10-K[108](index=108&type=chunk) [Controls and Procedures](index=32&type=section&id=Item%204%20-%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective with no material changes to internal controls - The Co-CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the period[110](index=110&type=chunk) - There were no changes in internal control over financial reporting during the most recent fiscal quarter that materially affected internal controls[111](index=111&type=chunk) PART II - Other Information [Legal Proceedings](index=33&type=section&id=Item%201%20-%20Legal%20Proceedings) The company reports no material pending legal proceedings that would significantly impact its financial condition - The company states there are no material pending legal proceedings to which it is a party[72](index=72&type=chunk)[113](index=113&type=chunk) [Risk Factors](index=33&type=section&id=Item%201A%20-%20Risk%20Factors) This section outlines significant risks affecting the company's business, including industry, regulatory, technology, and economic factors - **Business & Industry Risks:** Dependence on major vehicle sellers, risks of international expansion, competition, and capacity constraints at storage facilities[115](index=115&type=chunk)[120](index=120&type=chunk)[128](index=128&type=chunk) - **Regulatory & Legal Risks:** Compliance with various domestic and international laws such as vehicle titling, environmental, and data privacy (GDPR, CCPA)[132](index=132&type=chunk)[134](index=134&type=chunk)[135](index=135&type=chunk) - **Technology & IP Risks:** Potential IT system disruptions from cyber-attacks, the need to protect intellectual property, and the risk of technological obsolescence[136](index=136&type=chunk)[137](index=137&type=chunk)[140](index=140&type=chunk) - **General & Economic Risks:** Fluctuations in used vehicle and commodity prices, adverse economic conditions, and foreign currency exchange rate volatility[148](index=148&type=chunk)[149](index=149&type=chunk)[150](index=150&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=46&type=section&id=Item%202%20-%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of its equity securities or issuer purchases during the period - The company reported no unregistered sales of equity securities or issuer purchases of equity securities for the period[152](index=152&type=chunk)

Financial Data and Key Metrics Changes - Global revenue increased by $82 million or nearly 9% year-over-year, with a 1% headwind due to currency fluctuations [14] - Global service revenue rose by $81 million or nearly 11%, driven by higher average revenue per unit and increased volumes [14] - GAAP net income increased by approximately 26% to $350 million or $0.72 per diluted common share [19] - Operating cash flow for the year-to-date reached $1 billion, an increase of over 16% from the prior year [20] Business Line Data and Key Metrics Changes - U.S. Insurance business grew by 6% year-over-year, while non-insurance business (Blue Car) saw growth of approximately 7% [9][13] - Purchase vehicle sales increased by nearly 1%, with U.S. purchased vehicle revenue down 27% and international up 49% [15] - Global unit sales decreased primarily due to a 21% decline in purchase units, while international unit growth came from a mix of fee and purchased units, increasing over 11% and 14% respectively [13] Market Data and Key Metrics Changes - U.S. insurance volumes increased by about 6% year-over-year, but total loss volumes remain suppressed compared to historical norms [7] - Total loss frequency rebounded to 19% in Q1 2023, up from a low of 17% in Q2 2022 [5] - International inventory increased by nearly 15%, while U.S. inventory rose by over 2% [19] Company Strategy and Development Direction - The company emphasizes long-term investments in core business areas such as land and technology, viewing these as competitive advantages [10][12] - Management is focused on enhancing service offerings and leveraging technology to improve operational efficiency and customer satisfaction [8][12] - The company is exploring strategic extensions that leverage key capabilities, with a conservative approach to M&A [10][23] Management's Comments on Operating Environment and Future Outlook - Management anticipates vehicle prices will stabilize or soften faster than repair costs, potentially driving total loss frequency to pre-COVID levels [6] - The company acknowledges ongoing inflationary pressures but notes some attenuation in transportation costs, which could benefit gross margins [16][34] - Management believes that the long-term orientation and investment discipline will continue to differentiate the company in the marketplace [12][17] Other Important Information - The company reported a liquidity position of $3.3 billion, including $2.1 billion in cash and cash equivalents [19] - General and administrative expenses increased by $2 million, but the longer-term trend shows a decrease as a percentage of revenue [18] Q&A Session Summary Question: Expansion into whole car and new features - Management indicated that they are focusing on organic growth and evaluating M&A opportunities if they meet high standards [21][23] Question: Customer acquisition in international markets - Management noted that they are both attracting new buyers and proactively marketing to them, indicating a dual approach [24][25] Question: Capital investment for entering new countries - Management clarified that while entering new countries can be capital-intensive, attracting new buyers does not require significant capital investment [31][32] Question: Impact of falling transportation costs on gross margins - Management confirmed that lower transportation costs have positively impacted sequential margin improvement and expect this trend to continue [34] Question: ASP dynamics compared to the Manheim Index - Management explained that ASPs were down slightly, primarily due to vehicle mix changes, and noted a reduced correlation with the Manheim Index [38] Question: Blue Car opportunity and technology investments - Management is testing various auction formats to optimize returns and is considering technology investments to enhance the auction experience [55][56]

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, 2023 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 juris ...

Start Time: 11:00 January 1, 0000 11:33 AM ET Copart, Inc. (NASDAQ:CPRT) Q2 2023 Earnings Conference Call February 21, 2023, 11:00 AM ET Company Participants Jeff Liaw - Co-CEO Leah Stearns - CFO Conference Call Participants Stefanos Crist - CJS Securities Craig Kennison - Baird Chris Bottiglieri - BNP Paribas Bret Jordan - Jefferies Joseph Enderlin - Stephens Inc. Gary Prestopino - Barrington Research Operator Good day, everyone, and welcome to the Copart, Incorporated Second Quarter Fiscal 2023 Earnings C ...

Copart, Inc. (NASDAQ:CPRT) Q1 2023 Earnings Conference Call November 17, 2022 11:00 AM ET Company Participants Gavin Renfrew - Vice President, Global Accounting Jeff Liaw - Co-Chief Executive Officer Conference Call Participants Bob Labick - CJS Securities Craig Kennison - Baird Ali Faghri - Guggenheim Partners Operator Good day everyone, and welcome to the Copart Incorporated First Quarter Fiscal 2023 Earnings Call. Just a reminder, today's conference is being recorded. For opening remarks, I would like to ...

Part I [Business](index=3&type=section&id=Item%201.%20Business) Copart leads global online vehicle auctions and remarketing services for insurance companies across 11 countries, leveraging its VB3 platform [Overview](index=3&type=section&id=Overview) - Copart is a leading global provider of online auctions and vehicle remarketing services with operations in the U.S., Canada, U.K., Brazil, Republic of Ireland, Germany, Finland, U.A.E., Oman, Bahrain, and Spain - The company's business model contributes to environmental sustainability by extending the useful life of vehicles and their parts, thereby reducing the carbon footprint associated with new vehicle and parts manufacturing - Vehicle sellers are primarily insurance companies, but also include banks, finance companies, charities, fleet operators, and individuals. Buyers are mainly licensed vehicle dismantlers, rebuilders, used vehicle dealers, and exporters Fiscal 2022 Financial Highlights | Metric | Amount (USD) | | :--- | :--- | | Revenues | **$3.5 billion** | | Operating Income | **$1.4 billion** | [Industry Overview](index=7&type=section&id=Industry%20Overview) - The vehicle remarketing industry provides a venue for sellers to liquidate vehicles to a broad buyer pool. Copart's primary sellers are insurance companies dealing with vehicles declared a 'total loss' - The largest group of vehicle buyers are dismantlers, who either sell parts individually or sell the entire vehicle to rebuilders or dealers. Other buyers include rebuilders, repair licensees, and used vehicle dealers - Increasing vehicle complexity (e.g., advanced safety systems, electronics) makes repairs more costly, leading to a higher likelihood of vehicles being deemed a 'total loss' by insurance companies [Operating and Growth Strategy](index=9&type=section&id=Operating%20and%20Growth%20Strategy) - Copart's growth strategy focuses on four key areas: - Acquiring and developing vehicle storage facilities in key domestic and foreign markets - Pursuing global, national, and regional vehicle seller agreements - Expanding service offerings for both sellers and buyers - Expanding the application of its VB3 online auction platform into new markets [Our Competitive Advantages](index=9&type=section&id=Our%20Competitive%20Advantages) - Extensive geographic coverage across 11 countries provides sellers with broad buyer access, reduced transportation costs, and rapid response to natural disasters - A comprehensive range of value-added services, powered by its VB3 technology, includes internet bidding, mobile applications, online payment capabilities, and sophisticated vehicle processing - The company has a proven ability to successfully acquire and integrate new facilities into its global network, leveraging its technology infrastructure and operational expertise [Our Business Segments](index=12&type=section&id=Our%20Business%20Segments) Revenue by Segment (Fiscal Year 2022) | Segment | Revenue Percentage | | :--- | :--- | | U.S. | **84.1%** | | International | **15.9%** | [Our Service Offerings](index=12&type=section&id=Our%20Service%20Offerings) - Copart provides a suite of digital tools for sellers, including 'Copart Access' for online vehicle management, 'Copart ProQuote' for salvage value estimation, and 'IntelliSeller' for automated auction decision-making - The company offers flexible vehicle processing programs: Percentage Incentive Program (PIP), Consignment Program, and a Purchase Program (primarily in the U.K.) - Services for the public and dealers include 'Cash For Cars' for direct vehicle purchasing, 'Copart Dealer Services' for trade-ins, and 'National Powersport Auctions' for non-salvage powersports [Sales](index=17&type=section&id=Sales) - No single customer accounted for more than **10%** of consolidated revenues in fiscal 2022, 2021, or 2020[70](index=70&type=chunk) - Insurance company sellers are the primary source of vehicles, accounting for **80%** of the total number of vehicles processed in fiscal 2022[70](index=70&type=chunk) [Competition](index=17&type=section&id=Competition) - Key competitors in the U.S. include Insurance Auto Auctions, Inc. (IAA), KAR Auction Services, Inc. (KAR), Manheim, Inc., ACV Auctions Inc., and the large national dismantler LKQ Corporation[74](index=74&type=chunk) [Employees and Human Capital](index=18&type=section&id=Employees%20and%20Human%20Capital) Employee Statistics as of July 31, 2022 | Metric | Number/Percentage | | :--- | :--- | | Total Employees | **~9,500** | | U.S. Employees | **~70%** | | International Employees | **~30%** | | U.S. Female Employees | **~48%** | | U.S. Female Management | **33%** | [Seasonality](index=21&type=section&id=Seasonality) - The business is subject to seasonality, with higher demand for services during winter months due to more weather-related accidents. Severe weather events like hurricanes and floods can also significantly impact vehicle volumes[89](index=89&type=chunk) [Risk Factors](index=21&type=section&id=Item%201A.%20Risk%20Factors) Copart faces risks from seller concentration, international operations, cybersecurity, competition, vehicle supply, and regulatory changes - A limited number of vehicle sellers historically account for a substantial portion of revenues, and the loss of a significant seller could materially impact results[91](index=91&type=chunk) - Expansion into markets outside the U.S. exposes the company to risks including foreign currency exchange rates, complex regulations (like FCPA and GDPR), and difficulties in adapting its business model to new markets[91](index=91&type=chunk)[94](index=94&type=chunk)[106](index=106&type=chunk) - The business is exposed to online commerce security risks, including data breaches, credit card fraud, and system disruptions, which could damage its reputation and result in financial loss[96](index=96&type=chunk)[112](index=112&type=chunk) - Mild weather can reduce the supply of salvage vehicles by decreasing accident rates, while extreme weather can create an oversupply that leads to abnormal expenses and capacity constraints[102](index=102&type=chunk)[103](index=103&type=chunk) - Macroeconomic factors such as high fuel prices, fluctuations in used car prices, and vehicle-related technological advances (e.g., accident avoidance systems) could reduce accident rates and total loss frequency, adversely affecting revenue growth[121](index=121&type=chunk) [Properties](index=39&type=section&id=Item%202.%20Properties) The company's corporate headquarters are in Dallas, Texas, with a global network of owned and leased operational facilities - Copart owns or leases facilities in every U.S. state except Vermont, as well as in Canada, the U.K., Brazil, the Republic of Ireland, the U.A.E., Oman, Bahrain, Finland, Germany, and Spain[125](index=125&type=chunk) [Legal Proceedings](index=39&type=section&id=Item%203.%20Legal%20Proceedings) The company is subject to ordinary course litigation but reports no material pending legal proceedings significantly impacting its financial condition - Information regarding legal proceedings is referenced in Note 15 of the Notes to Consolidated Financial Statements[126](index=126&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=40&type=section&id=Item%205.%20Market%20for%20Registrant's%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Copart's common stock trades on NASDAQ ('CPRT'), with an authorized repurchase program but no recent activity or cash dividends - The company's common stock trades on the NASDAQ Global Select Market under the symbol 'CPRT'[129](index=129&type=chunk) Stock Repurchase Program Status as of July 31, 2022 | Metric | Shares | | :--- | :--- | | Total Authorization | **196,000,000** | | Total Repurchased | **114,549,198** | | Available for Repurchase | **81,450,802** | - No shares were repurchased under the program in fiscal 2022, 2021, or 2020[130](index=130&type=chunk) - Copart has not paid a cash dividend since becoming a public company in 1994 and currently intends to retain earnings[133](index=133&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=42&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Fiscal 2022 revenues grew to **$3.5 billion** from service and vehicle sales, with increased operating expenses and strong liquidity [Results of Operations](index=47&type=section&id=Results%20of%20Operations) Consolidated Revenue Comparison (in thousands) | Revenue Type | FY 2022 (thousands) | FY 2021 (thousands) | % Change | | :--- | :--- | :--- | :--- | | Service Revenues | $2,853,040 | $2,291,867 | **24.5%** | | Vehicle Sales | $647,881 | $400,644 | **61.7%** | - The increase in service revenues in FY2022 was driven by higher revenue per car due to vehicle scarcity and increased volume from economic reopening[161](index=161&type=chunk) Consolidated Operating Expense Comparison (in thousands) | Expense Type | FY 2022 (thousands) | FY 2021 (thousands) | % Change | | :--- | :--- | :--- | :--- | | Yard Operations | $1,309,497 | $1,003,292 | **30.5%** | | Cost of Vehicle Sales | $585,203 | $346,128 | **69.1%** | | General & Administrative | $231,224 | $206,665 | **11.9%** | - Yard operations expenses increased due to higher volume, increased subhaul and labor costs, and premium costs associated with Hurricane Ida[163](index=163&type=chunk) - The effective income tax rate increased to **18.7%** in FY2022 from **16.5%** in FY2021, unfavorably impacted by discrete tax adjustments related to the prior year's tax return[169](index=169&type=chunk) [Liquidity and Capital Resources](index=50&type=section&id=Liquidity%20and%20Capital%20Resources) Key Liquidity and Cash Flow Metrics (in thousands) | Metric | July 31, 2022 (thousands) | July 31, 2021 (thousands) | | :--- | :--- | :--- | | Cash, cash equivalents, and restricted cash | $1,384,236 | $1,048,260 | | Working capital | $1,761,566 | $1,281,580 | | Net cash provided by operating activities | $1,176,683 | $990,891 | | Net cash used in investing activities | ($442,310) | ($465,466) | | Net cash used in financing activities | ($382,693) | $40,922 | - On December 21, 2021, the company amended and restated its credit agreement, increasing the revolving credit facility to **$1.25 billion** and extending the maturity to December 2026[185](index=185&type=chunk)[335](index=335&type=chunk) - On May 24, 2022, the company retired 100% of its Senior Notes, paying **$420.6 million**, which included a **$16.8 million** make-whole payment[188](index=188&type=chunk)[341](index=341&type=chunk) [Critical Accounting Policies and Estimates](index=54&type=section&id=Critical%20Accounting%20Policies%20and%20Estimates) - Key critical accounting policies include Revenue Recognition, where service and vehicle sales revenue is recognized at the date of auction, and the accounting for Uncertain Tax Positions, which requires significant judgment[190](index=190&type=chunk)[192](index=192&type=chunk)[198](index=198&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=56&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risks are interest rate risk on cash equivalents and variable-rate debt, and foreign currency risk from international operations - Principal financial market risks are identified as interest rate risk, foreign currency risk, and translation risk[203](index=203&type=chunk) - A hypothetical **10%** adverse change in the value of the U.S. dollar relative to the currencies of its international operations would have resulted in a **decrease in operating income of $12.0 million** for fiscal 2022[206](index=206&type=chunk) [Financial Statements and Supplementary Data](index=58&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This item presents the audited consolidated financial statements for fiscal year ended July 31, 2022, including key financial statements and notes - This section contains the audited consolidated financial statements and supplementary data as listed in the index on page 69[209](index=209&type=chunk)[247](index=247&type=chunk) [Controls and Procedures](index=58&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management confirmed effective disclosure controls and internal financial reporting as of July 31, 2022, supported by an unqualified auditor opinion - Management concluded that as of **July 31, 2022**, the company's disclosure controls and procedures were effective[211](index=211&type=chunk) - Management concluded that the company's internal control over financial reporting was effective as of **July 31, 2022**, based on the **COSO 2013 framework**[214](index=214&type=chunk) - The independent registered public accounting firm, Ernst & Young LLP, issued an **unqualified opinion** on the effectiveness of the company's internal control over financial reporting as of **July 31, 2022**[215](index=215&type=chunk)[218](index=218&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=62&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Information on directors, executive officers, and corporate governance practices is incorporated by reference from the 2022 Proxy Statement - Information is incorporated by reference from the company's 2022 Proxy Statement[227](index=227&type=chunk) [Executive Compensation](index=62&type=section&id=Item%2011.%20Executive%20Compensation) Details regarding executive and director compensation are incorporated by reference from the 2022 Proxy Statement - Information is incorporated by reference from the company's 2022 Proxy Statement[230](index=230&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=62&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Information on security ownership by beneficial owners and management, and equity compensation plans, is incorporated by reference from the 2022 Proxy Statement - Information is incorporated by reference from the company's 2022 Proxy Statement[231](index=231&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=62&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information regarding related party transactions and director independence is incorporated by reference from the 2022 Proxy Statement - Information is incorporated by reference from the company's 2022 Proxy Statement[232](index=232&type=chunk) [Principal Accounting Fees and Services](index=62&type=section&id=Item%2014.%20Principal%20Accounting%20Fees%20and%20Services) Details on fees and services from the principal independent registered public accounting firm are incorporated by reference from the 2022 Proxy Statement - Information is incorporated by reference from the company's 2022 Proxy Statement[233](index=233&type=chunk) Part IV [Exhibits, Financial Statement Schedules](index=63&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists the documents filed as part of the Form 10-K, including consolidated financial statements and various exhibits - This section lists the financial statements, financial statement schedules (if any), and exhibits filed with the Form 10-K[234](index=234&type=chunk)[235](index=235&type=chunk)

Copart, Inc. (NASDAQ:CPRT) Q4 2022 Results Conference Call September 8, 2022 11:00 AM ET Company Participants Gavin Renfrew - IR Jeff Liaw - CEO Conference Call Participants Bob Labick - CJS Securities Craig Kennison - Baird Joe Enderlin - Stephens Chris Bottiglieri - BNP Paribas Ryan Brinkman - JPMorgan Bret Jordan - Jefferies Ali Faghri - Guggenheim Operator Good day, everyone, and welcome to the Copart, Inc. Fourth Quarter Fiscal 2022 Earnings Call. Just a reminder, today's conference is being recorded. ...

Copart, Inc. (NASDAQ:CPRT) Q3 2022 Earnings Conference Call May 19, 2022 11:00 AM ET Company Participants John North - Chief Financial Officer Jeff Liaw - Co-CEO Conference Call Participants Peter Lukas - CJS Securities Daniel Imbro - Stephens Inc. Craig Kennison - Baird John Healy - Northcoast Research Chris Bottiglieri - BNP Paribas Exane Bret Jordan - Jefferies Ryan Brinkman - JPMorgan Operator Please standby. Good day, everyone, and welcome to the Copart Incorporated Third Quarter Fiscal 2022 Earnings C ...