Q3 2022 Copart Inc Earnings Call Transcript

May 19, 2022 / 03:00PM GMT
Operator

Good day, everyone, and welcome to the Copart, Inc. Third Quarter Fiscal 2022 Earnings Call. Just a reminder, today's conference is being recorded.

For opening remarks, I would like to turn the call over to Mr. John North, Chief Financial Officer of Copart, Inc. Please go ahead, sir.

John F. North - Copart, Inc. - Senior VP & CFO

Thanks. Good morning. During today's call, we'll discuss certain non-GAAP measures, which include adjustments to income tax benefits related to stock-based compensation, legal matters and discrete income tax items. We've provided a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures on our Investor Relations website and in our press release issued yesterday. We believe these non-GAAP measures, together with the corresponding GAAP measures, are relevant in analyzing our results and assessing our business trends and performance.

In addition, our comments today include forward-looking statements within the meaning of federal securities laws, including management's current

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