Copart, Inc. (CPRT) Q3 2025 Earnings Conference Call Transcript

Core Insights - The company reported a relatively flat global insurance volume year-over-year, with a nominal decline of 0.3% in unit sales globally and 0.9% in the United States [5]. Group 1: Insurance Business Performance - Global insurance unit sales grew by 1.3% when accounting for the extra business day in leap year 2024, while U.S. insurance units sold increased by 0.6% [5]. - Total loss frequency continues to rise, indicating potential challenges in the insurance sector [5]. Group 2: Financial Performance Overview - The CEO, Jeff Liaw, highlighted the preparation for the 2025 catastrophe season, indicating proactive measures being taken by the company [4].