Copart Inc (NAS:CPRT)
$ 58.46 -0.61 (-1.03%) Market Cap: 56.92 Bil Enterprise Value: 53.40 Bil PE Ratio: 41.60 PB Ratio: 7.20 GF Score: 97/100
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Q1 2020 Copart Inc Earnings Call Transcript

Nov 21, 2019 / 04:00PM GMT
Release Date Price: $21.96 (+3.45%)
Operator

Excuse me, everyone. We now have all of our speakers in conference. (Operator Instructions)

I would now like to turn the conference over to President and CFO, Jeff Liaw. Please go ahead, sir.

Jeffrey Liaw
Copart, Inc. - President & CFO

Thank you, Dan, and welcome to Copart's Fiscal 2020 First Quarter Earnings Call. I'll ask Darren Hart, our VP of Finance, to start with the safe harbor.

Darren Hart
Copart, Inc. - VP of Finance

Thanks, Jeff. During today's call, we'll discuss certain non-GAAP measures, including non-GAAP net income per diluted common share, which includes adjustments to reverse the effect of certain discrete income tax items, foreign currency related gains, certain income tax benefits and payroll taxes related to accounting for stock option exercises and the effect on common equivalent shares from ASU 2016-09.

We provide a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures on our website under the Investor Relations link and in

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