Copart, Inc. provides online auctions and vehicle remarketing services in the United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain. It offers a range of services to process and sell vehicles over the internet through its virtual bidding third generation internet auction-style sales technology. The company's services include online seller access, salvage estimation, estimating, end-of-life vehicle processing, transportation, vehicle inspection stations, on-demand reporting, title processing and express, loan payoff, flexible vehicle processing programs, buy it now, sales process, and dealer services. Its services also comprise services to sell vehicles through BluCar, CashForCars.com, CashForCars.ca, CashForCars.de, CashForCars.co.uk, and Cash-for-cars.ie; Copart Recycling service, which allows the public to purchase parts from salvaged and end-of-life vehicles; and copart 360, a proprietary technology that captures clear 360-degree views of interiors and exteriors of cars, trucks, and vans. In addition, it provides IntelliSeller, an automated tool leveraging its vehicle and sales data to assist its sellers in making vital auction decisions; Purple Wave Inc., that offers wholesale construction, agriculture, and fleet remarketing services through no-reserve online auctions; wholesale powersport vehicle remarketing services through live and online auction platforms. The company sells its products to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters, as well as to the public. Copart, Inc. was incorporated in 1982 and is headquartered in Dallas, Texas
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Copart Adds David J. Berger to Board
Copart has appointed experienced corporate governance lawyer David J. Berger to its board. The announcement comes as the stock trades at US$31.51, with a 7-day share price return of 8.69% and a 30-day return of 14.62%, though the 1-year total shareholder return has declined 33.82%. A widely followed valuation narrative pegs Copart's fair value at $49.00, well above the recent close, while a discounted cash flow model values the shares at $50.17.
SVN Capital Fund expressed confidence in Copart's new leadership in its Q2 2026 investor letter. The fund noted that CEO Jeff Liaw stepped down on June 29, and founding member Jay Adair has returned as sole CEO for at least the next decade. Adair addressed concerns about losing insurance volume to IAA, attributing the loss to a single account and stating the franchise is intact. Copart holds $4.2 billion in cash and no debt after $1.6 billion of buybacks. The stock closed at $31.70 per share on August 17, 2026, with a market capitalization of $29.35 billion.
Bragar Eagel & Squire Investigates Copart on Behalf of Stockholders
Bragar Eagel & Squire, P.C. has launched an investigation into Copart, Inc. on behalf of Copart stockholders. The investigation concerns whether Copart violated federal securities laws or engaged in other unlawful business practices. The inquiry follows Copart's June 29, 2026 announcement that Jeff Liaw would step down as Chief Executive Officer and board member effective July 31, 2026, after which Copart's stock price fell $2.45 per share, or 8.02%, to close at $28.10 per share. The law firm encourages investors who purchased or acquired Copart shares and suffered losses to contact partners Brandon Walker or Melissa Fortunato to discuss their legal rights.
Copart Director Daniel Englander Sells 80,000 Shares for $2.2 Million
Copart Director Daniel Englander sold 80,000 shares of common stock on July 13, 2026, in a transaction valued at $2.2 million based on a weighted-average price of $27.55. The sale was conducted indirectly through Ursula Capital Partners, where Englander serves as sole general partner, and reduced his total equity holdings by 14%. Following the transaction, Englander holds no shares directly but retains approximately 511,000 shares indirectly through the partnership, representing a 0.0552% ownership stake in the company. The sale occurred as Copart shares were down 42% over the past year, with the company holding a market capitalization of $25.5 billion and trailing twelve-month revenue of $4.6 billion.
Pomerantz Law Firm Investigates Copart Over Potential Securities Fraud
Pomerantz LLP is investigating claims on behalf of investors of Copart, Inc. regarding potential securities fraud or unlawful business practices. The investigation follows Copart's June 29, 2026 announcement that Jeff Liaw would step down as Chief Executive Officer and board member, effective July 31, 2026. On that news, Copart's stock price fell $2.45 per share, or 8.02%, to close at $28.10 per share.
Bell Global Equities Fund Exits Costco Stake After 12 Years, Citing Stretched Valuation
Bell Global Equities Fund sold its entire position in Costco Wholesale Corporation during May 2026, ending a holding period of more than 12 years. The fund said Costco’s forward earnings multiple of approximately 45 times meant the risk-reward profile was no longer compelling, especially as many other high-quality companies have seen their valuations de-rate materially lower. The position delivered a total shareholder return of roughly 1,000 percent, or about 21 percent compound annual return, over the life of the investment. The fund also exited Pool Corporation following the unexplained departure of its CEO and Copart due to signs that a growth turnaround had not yet materialized. Bell Global Equities Fund will continue to monitor Costco for a potential reinvestment opportunity.
Two Services Stocks with Exciting Potential and One Facing Headwinds
StockStory identifies SS&C Technologies as a business services stock to sell, while highlighting Copart and RB Global as stocks with exciting potential. SS&C faces declining margins and a return on invested capital of 6.8%, signaling challenges in finding attractive investments. Copart has delivered 13.4% annual revenue growth over five years and strong free cash flow, with market-beating returns on capital. RB Global achieved 26.9% annual revenue growth and 19.1% annual earnings per share growth, supported by improved operating efficiency.
Copart CEO Jeff Liaw to Step Down, Jay Adair to Return as CEO in 2026
Copart announced that CEO Jeff Liaw will step down and former long-time CEO and current Executive Chairman Jay Adair will reassume the chief executive role on July 31, 2026, with Liaw staying on as Special Advisor to support the transition. At the same time, Copart was reclassified across several Russell indices, leaving multiple large-cap growth and value benchmarks and joining the Russell Midcap and Midcap Value benchmarks. The CEO transition back to Adair is structured to preserve continuity and does not appear to materially change the near-term focus on stabilizing unit growth or the key risk around pressure on insurance-sourced volumes and margins. The index reclassification may influence how passive and benchmark-aware institutional owners size their positions, potentially affecting liquidity and short-term trading around the same time investors are reassessing Copart's leadership change and the strength of its core volume catalysts.
Copart to Host Investor Call with Incoming CEO Jay Adair on July 6
Copart announced it will host an investor conference call featuring incoming Chief Executive Officer Jay Adair on Monday, July 6, 2026 at 9:00 a.m. Eastern Time. The call will provide investors an opportunity to hear directly from Mr. Adair regarding his appointment, leadership priorities, and perspective on Copart's long-term strategy, followed by a live question-and-answer session. The event will be webcast live and accessible at www.copart.com/investorrelations, with a replay available through October 2026.
US Stock Futures Rise as Rate Jitters Meet Trade Worries
US stock futures are pointing higher this morning, with E-mini S&P 500 contracts up about 0.7% and Nasdaq 100 futures rising just over 1%. The US 10-year Treasury yield is holding near 4.38%, keeping borrowing costs elevated amid hawkish Federal Reserve expectations, while the goods trade deficit widened to $105.8 billion. Among top movers, AST SpaceMobile surged 21.44% on satellite launch progress, Cerebras Systems jumped 19.04% after analyst coverage, and Astera Labs gained 16.39% following a UBS price target increase. Honeywell International fell 50.95% after completing a reverse stock split, Copart declined 8.02% on a CEO transition and index rebalancing, and Ulta Beauty dropped 6.00% after being removed from a Russell index. Earnings from NIKE and Constellation Brands are in focus today, with steady yields keeping rate expectations firm ahead of the June jobs report.
Copart Stock Drops 8% After CEO Jeff Liaw Announces Surprise Departure
Copart shares fell 8% on Monday after the company announced that CEO Jeff Liaw will step down effective July 31. Liaw, who also serves on the board, will be replaced by current executive chairman Jay Adair, who previously served as CEO from 2010 to 2024. After his departure, Liaw will act as a special advisor to Adair to ensure a smooth transition. Copart noted that Liaw's tenure saw record average selling prices, auction liquidity, and transaction values. The unexpected nature of the leadership change prompted a sharp sell-off among investors.
Renaissance Investment Management sold Copart on insurance headwinds
Renaissance Investment Management sold its position in Copart during the first quarter of 2026, citing a deterioration in fundamental factors. The firm's Large Cap Growth Strategy noted that rising automotive insurance costs are causing financially stretched consumers to drop collision coverage, which historically supplied Copart with a steady stream of damaged vehicles for its salvage auctions. Without collision insurance, those cars are no longer obligated to go to Copart auctions, creating headwinds for vehicle inventories and auction volumes. Copart shares closed at $30.74 on June 16, 2026, down 35.99% over the prior 52 weeks, with a market capitalization of $28.39 billion. The number of hedge funds holding Copart fell to 57 at the end of the first quarter from 68 in the previous quarter.
StockStory Highlights Copart as a Buy While Flagging Himax and RTX as Sells
StockStory named Copart as a profitable stock to buy while advising investors to avoid Himax and RTX. Copart, which operates an online auction platform for salvage vehicles, posted a trailing 12-month GAAP operating margin of 36.6% and 13.4% annual revenue growth over five years. Himax faces a 4.2% annual revenue decline over five years and a high net-debt-to-EBITDA ratio of 8×. RTX shows slowing demand with estimated sales growth of 5.9% and low returns on capital.