Copart, Inc. (NASDAQ:CPRT) Q2 2023 Earnings Call Transcript

Gary Prestopino: Okay. And then is there — with the non-insurance business that you’re doing, it’s always been kind of at about 19%, 20% percentage of vehicles. How much has that moved up over time as you’ve grown this business?

Jeff Liaw: There’s some seasonality to it. I think to be fair — and so I would say it’s between 18% to 25% just from memory going quarter-to-quarter. And it has grown over the very long term. But to be fair, over the past few years, we’ve grown our insurance business as well. So they’ve both grown. So we don’t generally think in mixed terms. We think in terms of growing Blu Car, growing Copart Dealer Services, growing Copart Direct and the like. So that the mix number is not one we particularly focus on. Both have grown meaningfully, of course, over the past five years.

Gary Prestopino: Okay. Thank you.

Jeff Liaw: Thanks, Gary.

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

Jeff Liaw: Great. Thanks everybody for joining us, and we’ll talk to you next quarter. Bye.

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