Pomerantz LLP is investigating potential violations of federal securities laws by Copart, Inc. on behalf of investors who purchased securities and experienced financial losses. The investigation follows the announcement that Chief Executive Officer Jeff Liaw will step down effective July 31, 2026, with Executive Chairman Jay Adair resuming the role. Following this news, Copart’s stock price fell $2.45 per share, or 8.02%, to close at $28.10 per share on June 29, 2026.

The investigation concerns whether Copart and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. BNP Paribas commented on the transition, noting Copart has faced "distrust of management narratives around industry softness and market share losses." The firms seek to understand what the CEO transition suggests for Copart’s go-forward investment strategy.

Leadership Transition

Adair is set to assume the role of Chief Executive Officer effective July 31, 2026, succeeding Liaw, who is stepping down as CEO and director. Liaw will remain with the company to support the transition as Special Advisor to Adair. Adair previously served as Chief Executive Officer and resumes the role from his position as Executive Chairman.

Investor Contact

Investors are encouraged to contact Danielle Peyton at Pomerantz LLP at 646-581-9980, ext. 7980, or via email at newaction@pomlaw.com . There is no cost or obligation to speak with an attorney.

Copart, Inc. has promoted Jane Pocock to the position of President, effective August 1, 2026. The appointment underscores the company's strategy to extend the leadership strengths demonstrated in its UK and Ireland operations across its global platform. Ms. Pocock brings experience in pairing operational execution with technology-enabled products to drive customer-focused growth.

Ms. Pocock joined Copart in January 2019 as Managing Director of Copart UK. During her tenure, she led the international business through a period of expansion, strengthening the operational footprint and capacity. Her leadership focused on delivering customer journeys for insurance carriers, policyholders, commercial sellers, and Copart members.

Prior to joining Copart, Ms. Pocock was Chief Executive of Vans Direct. Her promotion reflects the company's confidence in the UK and Ireland leadership team and the opportunity to apply her proven management style globally.

"Jane has delivered outstanding results while building strong teams and strengthening our culture," said Jay Adair, Executive Chairman and incoming Chief Executive Officer of Copart. "Her promotion reflects both the strength of our UK and Ireland business and the opportunity to extend that proven leadership across Copart globally."

Executive Commentary

Ms. Pocock stated that Copart’s success is driven by its people, technology, and commitment to customers. She emphasized her pride in the accomplishments of the UK and Ireland teams and her intention to support that momentum while working with global teams to enhance products and services.

About Copart

Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. The company connects vehicle consignors to approximately 1 million members in over 185 countries. Copart offers vehicle remarketing services to insurance companies, financial institutions, dealers, and other entities.