Copart Inc at Robert W Baird Global Consumer, Technology & Services Conference Transcript

Jun 07, 2023 / 05:25PM GMT
Craig R. Kennison - Robert W. Baird & Co. Incorporated, Research Division - Director of Research Operations and Senior Research Analyst

I'm Craig Kennen, Copart operates purely online auctions for used wholesale and repairable vehicles. The company has wide moats based on vast property ownership, that is needed to store and process vehicles and also a global network of buyers and sellers.

We're pleased to welcome Leah Stearns, who is the Chief Financial Officer; and Owen Sweetenberg, who is the Manager of Strategic Analytics. This will be a fireside chat format, so have your questions ready. Maybe just to open up, Leah, I'd ask you to give a summary of what Copart is and how you operate.

Leah C. Stearns - Copart, Inc. - CFO

Thanks, Craig. I think you did a really great job actually tuning that up. I think for the crowd here, to the extent that you're not familiar with Copart, what's really important to understand is that we operate a global marketplace for salvage and used vehicles. Those units are primarily sold and consigned through Coport by

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