Q1 2023 Copart Inc Earnings Call Transcript

Nov 17, 2022 / 04:00PM GMT
Operator

Good day, everyone, and welcome to the Copart, Inc. First Quarter Fiscal 2023 Earnings Call. Just a reminder, today's conference is being recorded.

For opening remarks, I would like to turn the call over to Gavin Renfrew, Vice President of Global Accounting of Copart Inc. Please go ahead, sir.

Gavin Renfrew - Copart, Inc. - Interim Principal Financial Officer & Interim Principal Accounting Officer

Thank you, and good morning.

During today's call, we will discuss certain non-GAAP measures, including adjustments to income tax benefits related to stock-based compensation. 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

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