Copart, Inc. (NASDAQ:CPRT) Q2 2024 Earnings Call Transcript

Unidentified Analyst : Understood. That’s very helpful color. As a follow-up, maybe would you be able to share any on-ground trends that you were seeing from the recent floods in California? And if you could just give us any color on the potential profitability impact that it could have in the third quarter?

Jeff Liaw: Yes, I think we were all struck of course, by unusual weather patterns in California relative to, I think, what we would all agree is long-standing history in the state. We are well equipped there with, again, land, trucks, personnel technology, et cetera, to respond to events as they emerge. To date, we haven’t yet observed events of anything near the magnitude of Ian, Ida, et cetera, as we experienced in the Northeast in Florida, in Texas, Louisiana, et cetera. We’re ready for it and should the weather evolve in a manner that the activity becomes very elevated. And on a sustained basis, you’ll see us continue to invest in that as well.

Unidentified Analyst : Understood. Thanks for taking my questions. And good luck.

Operator: Thank you. There are no further questions at this time. I would like to hand the floor back over to Jeff Liaw for closing comments.

Jeff Liaw: Great. Thank you for joining us, and we’ll talk to you after the third quarter. Take care.

Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.