Copart, Inc. (NASDAQ:CPRT) Q2 2016 Earnings Conference Call - Preliminary Transcript

Feb 24, 2016 • 11:00 am ET

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Copart, Inc. (NASDAQ:CPRT) Q2 2016 Earnings Conference Call - Preliminary Transcript

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Presentation
Operator
Operator

Excuse me, everyone will now have speakers in conference. Please be aware that each of your lines are in a listen only mode. At the conclusion of today's presentation, we will open the floor for questions. At that time instructions will be given as to the procedure to follow. If you would like to ask a question. I would now like attend the conference to Mr Jay. Sir may begin.Thank you, Jennifer. Good morning, everyone and welcome to the Second Quarter Earnings Call for Copart. On the call with me this morning is Jeff Liaw, Our CFO and Will Franklin, Our Executive Vice President. We're going to go ahead and start with Jeff. He'll be passing it to will and then we will open it up for questions. So if you have a specific question that is for one of us, if you can call, call us up by name, that'd be great.

With that. I'll pass it to Jeff.

Executive
Jeffrey Liaw

Thank you, Jeff. Good morning, everyone. I'll start with the Safe Harbor, our remarks today will contain forward looking statements includingstatements concerning our views and trends in our business. These statements are neither promises or guarantees and are subject to risks and uncertainties that could cause the actual results to differ substantially from those projects that are implied by our by our statements and comments. The company expressly disclaims any obligation to update or revise these statements or comments.

For a discussion of the risks that could affect our business, please review the risk factors contained in our most recent 10-k 10-Q's and other FEC filings.

Operator
Operator

Excuse me everyone, we now have our speakers in conference. Please be aware that each of your lines are in a listen-only mode. At the conclusion of today's presentation, we will open the floor for questions. At that time, instructions will be given as to the procedure to follow if you would like to ask a question.

I would now like to turn the conference over to Mr. Jay Adair. Sir, you may begin.

Executive
A. Jayson Adair

Thank you, Jennifer. Good morning, everyone and welcome to the Second Quarter Earnings Call For Copart. On the call with me this morning is Jeff Liaw, our CFO, and Will Franklin, our Executive Vice President. We're going to ahead and start with Jeff. He'll be passing it to Will. And then, we will open it up for questions. So, if you have a specific question that is for one us, you can call us up by name. It'd be great.

With that, I'll pass it to Jeff.

Executive
Jeffrey Liaw

Thank you, Jay. Good morning, everyone. I'll start with the Safe Harbor. Our remarks today will contain forward-looking statements, including statements concerning our views of trends in our business. These statements are neither promises nor guarantees and are subject to risks and uncertainties that could cause the actual results to differ substantially from those projected or implied by our statements and comments.

The company expressly disclaims any obligation to update or revise these statements