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 2021 Copart Inc Earnings Call Transcript

Nov 19, 2020 / 04:00PM GMT
Release Date Price: $28.46 (-1.85%)
Operator

Good day, everyone, and welcome to the Copart, Inc. First Quarter Fiscal 2021 Earnings Call. Just a reminder, today's conference is being recorded. For opening remarks and introductions, I would like to turn the call over to Mr. John North, Chief Financial Officer of Copart Inc. Please go ahead, sir.

John F. North
Copart, Inc. - Senior VP & CFO

Thanks, and good morning. During today's call, we'll discuss certain non-GAAP measures, which include adjustments to reverse the effect of certain discrete income tax items, foreign currency-related gains, certain income tax benefits and payroll tax related to accounting for stock option exercises and the effect on common equivalent shares from ASU 2016-09. We provided 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 our press release issued yesterday. We believe these non-GAAP measures, together with our corresponding GAAP measures, are relevant in assessing our business trends and performance. We analyze our

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