Copart, Inc. (NASDAQ:CPRT) Q1 2025 Earnings Conference Call November 21, 2024 5:30 PM ET
Company Participants
Jeff Liaw – CEO
Leah Stearns – CFO
Conference Call Participants
Bob Labick – CJS Securities
Chris Bottiglieri – BNP Paribas
Bret Jordan – Jefferies
Alice Wycklendt – Baird
Jash Patwa – JPMorgan
Operator
Good day, everyone, and welcome to the Copart Incorporated First 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 in the company’s annual report on Form 10-K for the year ended July 31, 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 Liaw.
Jeff Liaw
Thank you everyone for joining the earnings call for our first quarter for fiscal 2025. On our recent calls, we’ve been talking about some important themes about our business, including our recent growth with bank rental and fleet sellers. We talked about Title Express, a new offering we’re offering the insurance industry. We’ve talked about sustainability, and we talked about growth in our international businesses, as well as in the heavy equipment space as well.
Today, with the first quarter past us for this next fiscal year, we thought it would be a good opportunity to reflect
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