Copart CEO Steps Down After Record Highs

By Ahmed Jamerson • Monday, June 29 13:00 • Permanent Link

Copart said June 29, 2026 that chief executive Jeff Liaw will step down July 31, 2026, ending a run that included roles as CFO and president before becoming the company’s third-ever CEO. Executive chairman Jay Adair, who previously served as CEO, will return to that post on the same date. Liaw will stay on as special advisor during the transition.

The company framed the handoff around the results achieved under Liaw’s leadership, saying Copart reached all-time highs in transaction values, average selling prices and auction liquidity during his tenure. Adair said those gains helped position Copart as a trusted platform for insurance and commercial consignors globally.

Copart said it connects consignors to about 1 million members in more than 185 countries and operates more than 250 locations across 11 countries. It said it sold more than 4 million units over the last year. Today the company's shares have moved -2.8% to a price of $29.695. For more information, read the company's full 8-K submission here.

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