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Copart, Inc. (CPRT) Discusses Leadership Transition and Strategic Vision from Incoming CEO Transcript

Operator

Good day, everyone, and welcome to this Copart, Inc. Conference 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 the federal securities laws, including management’s current views with respect to trends, opportunities and uncertainties in the company’s industry. 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, 2025, 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 will now turn the call over to the company’s Executive Chairman and incoming Chief Executive Officer, Jay Adair.

A. Adair
Executive Chairman

Thank you, Joe. Well, good morning, everyone. I was reflecting and the last time that I did analyst calls, it was a couple of years ago, but I started doing analyst calls in 1996. So I thought I’d give you a little background on myself. I know most of — I think I know most of the

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