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, 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 ...

Copart, Inc. (NASDAQ:CPRT) Q1 2024 Earnings Conference Call November 16, 2023 5:30 PM ET Company Participants Jeff Liaw - Co-Chief Executive Officer Leah Stearns - Chief Financial Officer Conference Call Participants Bob Labick - CJS Securities Craig Kennison - Baird Daniel Imbro - Stephens Bret Jordan - Jefferies John Healy - Northcoast Research Chris Bottiglieri - BNP Paribas Ryan Brinkman - JP Morgan Operator Good day, everyone, and welcome to the Copart Incorporated First Quarter Fiscal 2024 Earnings Ca ...

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, 2023 ☐ 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 (Co ...

Copart, Inc. (NASDAQ:CPRT) Q4 2023 Earnings Conference Call September 14, 2023 5:30 PM ET Company Participants Jeff Liaw - Co-Chief Executive Officer Leah Stearns - Chief Financial Officer Conference Call Participants Bob Labick - CJS Securities Daniel Imbro - Stephens Craig Kennison - Robert W. Baird Bret Jordan - Jefferies Ryan Brinkman - JPMorgan Operator Good day, everyone, and welcome to Copart Incorporated Fourth Quarter Fiscal 2023 Earnings Call. Just a reminder, today's conference is being recorded. ...

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, 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 jurisdi ...

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 ...