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    Copart Reports Fourth Quarter Fiscal 2025 Financial Results

    9/4/25 4:15:00 PM ET
    $CPRT
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary
    Get the next $CPRT alert in real time by email

    Copart, Inc. (NASDAQ:CPRT) today reported financial results for the quarter and year ended July 31, 2025.

    For the three months ended July 31, 2025, revenue, gross profit, and net income attributable to Copart, Inc. were $1.1 billion, $510 million, and $396 million, respectively. These represent an increase in revenue of $56.1 million, or 5.2%; an increase in gross profit of $56.1 million, or 12.4%; and an increase in net income attributable to Copart, Inc. of $73.8 million, or 22.9%, respectively, from the same period last year. Fully diluted earnings per share for the three months ended July 31, 2025 was $0.41 compared to $0.33 last year, an increase of 24.2%.

    For the year ended July 31, 2025, revenue, gross profit, and net income attributable to Copart, Inc. were $4.6 billion, $2.1 billion, and $1.6 billion, respectively. These represent an increase in revenue of $410.1 million, or 9.7%; an increase in gross profit of $192.4 million, or 10.1%; and an increase in net income attributable to Copart, Inc. of $189.4 million, or 13.9%, respectively, from the same period last year. Fully diluted earnings per share for the year ended July 31, 2025 was $1.59 compared to $1.40 last year, an increase of 13.6%.

    On Thursday, September 4, 2025, at 5:30 p.m. Eastern Time (4:30 p.m. Central Time), Copart, will conduct a conference call to discuss the results for the quarter. The call will be webcast live and can be accessed at www.copart.com/investorrelations. A replay of the call will be available through November 2025 by visiting www.copart.com/investorrelations.

    About Copart

    Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart's innovative technology and online auction platforms connect vehicle consignors to approximately 1 million members in over 185 countries. Copart offers a comprehensive suite of vehicle remarketing services to insurance companies, financial institutions, dealers, rental car companies, charities, fleet operators, and individuals, and offers vehicles via auction to dealers, dismantlers, rebuilders, exporters, and the general public. With operations at over 250 locations in 11 countries, Copart sold more than 4 million units in the last year. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), Brazil (Copart.com.br), the Republic of Ireland (Copart.ie), Germany (Copart.de), Finland (Copart.fi), the United Arab Emirates, Oman and Bahrain (Copartmea.com), and Spain (Copart.es). For more information, or to become a Member, visit Copart.com/register.

    Cautionary Note About Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements are subject to substantial risks and uncertainties. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected or implied by our statements and comments. For a more complete discussion of the risks that could affect our business, please review the "Management's Discussion and Analysis" and the other risks identified in Copart's latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. We encourage investors to review these disclosures carefully. We do not undertake to update any forward-looking statement that may be made from time to time on our behalf.

    Copart, Inc.

    Consolidated Statements of Income

    (In thousands, except per share amounts)

    (Unaudited)

     

     

     

    Three Months Ended

    July 31,

     

    Twelve Months Ended

    July 31,

     

     

     

    2025

     

     

     

    2024

     

     

    % Change

     

     

    2025

     

     

     

    2024

     

     

    % Change

    Service revenues and vehicle sales:

     

     

     

     

     

     

     

     

     

     

     

     

    Service revenues

     

    $

    956,209

     

     

    $

    893,091

     

     

    7.1

    %

     

     

    3,968,662

     

     

    $

    3,561,002

     

     

    11.4

    %

    Vehicle sales

     

     

    168,888

     

     

     

    175,908

     

     

    (4.0

    )%

     

     

    678,296

     

     

     

    675,821

     

     

    0.4

    %

    Total service revenues and vehicle sales

     

     

    1,125,097

     

     

     

    1,068,999

     

     

    5.2

    %

     

     

    4,646,958

     

     

     

    4,236,823

     

     

    9.7

    %

    Operating expenses:

     

     

     

     

     

     

     

     

     

     

     

     

    Yard operations

     

     

    418,500

     

     

     

    407,044

     

     

    2.8

    %

     

     

    1,744,436

     

     

     

    1,532,484

     

     

    13.8

    %

    Cost of vehicle sales

     

     

    147,398

     

     

     

    161,891

     

     

    (9.0

    )%

     

     

    602,997

     

     

     

    619,487

     

     

    (2.7

    )%

    Yard depreciation and amortization

     

     

    47,172

     

     

     

    44,539

     

     

    5.9

    %

     

     

    191,775

     

     

     

    170,650

     

     

    12.4

    %

    Yard stock-based compensation

     

     

    2,309

     

     

     

    1,949

     

     

    18.5

    %

     

     

    8,107

     

     

     

    6,950

     

     

    16.6

    %

    Gross profit

     

     

    509,718

     

     

     

    453,576

     

     

    12.4

    %

     

     

    2,099,643

     

     

     

    1,907,252

     

     

    10.1

    %

    General and administrative

     

     

    83,902

     

     

     

    81,377

     

     

    3.1

    %

     

     

    348,958

     

     

     

    287,834

     

     

    21.2

    %

    General and administrative depreciation and amortization

     

     

    6,435

     

     

     

    6,064

     

     

    6.1

    %

     

     

    24,074

     

     

     

    19,111

     

     

    26.0

    %

    General and administrative stock-based compensation

     

     

    6,790

     

     

     

    6,591

     

     

    3.0

    %

     

     

    29,897

     

     

     

    28,284

     

     

    5.7

    %

    Total operating expenses

     

     

    712,506

     

     

     

    709,455

     

     

    0.4

    %

     

     

    2,950,244

     

     

     

    2,664,800

     

     

    10.7

    %

    Operating income

     

     

    412,591

     

     

     

    359,544

     

     

    14.8

    %

     

     

    1,696,714

     

     

     

    1,572,023

     

     

    7.9

    %

    Other income (expense):

     

     

     

     

     

     

     

     

     

     

     

     

    Interest income (expense), net

     

     

    49,839

     

     

     

    43,494

     

     

    14.6

    %

     

     

    178,909

     

     

     

    145,673

     

     

    22.8

    %

    Other income (expense), net

     

     

    15,978

     

     

     

    5,389

     

     

    196.5

    %

     

     

    19,958

     

     

     

    (3,095

    )

     

    (744.8

    )%

    Total other income

     

     

    65,817

     

     

     

    48,883

     

     

    34.6

    %

     

     

    198,867

     

     

     

    142,578

     

     

    39.5

    %

    Income before income taxes

     

     

    478,408

     

     

     

    408,427

     

     

    17.1

    %

     

     

    1,895,581

     

     

     

    1,714,601

     

     

    10.6

    %

    Income tax expense

     

     

    83,100

     

     

     

    86,249

     

     

    (3.7

    )%

     

     

    347,218

     

     

     

    352,254

     

     

    (1.4

    )%

    Net income

     

     

    395,308

     

     

     

    322,178

     

     

    22.7

    %

     

     

    1,548,363

     

     

     

    1,362,347

     

     

    13.7

    %

    Less: Net loss attributable to noncontrolling interest

     

     

    (1,046

    )

     

     

    (389

    )

     

    168.9

    %

     

     

    (4,086

    )

     

     

    (673

    )

     

    507.1

    %

    Net income attributable to Copart, Inc.

     

    $

    396,354

     

     

    $

    322,567

     

     

    22.9

    %

     

    $

    1,552,449

     

     

    $

    1,363,020

     

     

    13.9

    %

     

     

     

     

     

     

     

     

     

     

     

     

     

    Basic net income per common share

     

    $

    0.41

     

     

    $

    0.34

     

     

    20.6

    %

     

    $

    1.61

     

     

    $

    1.42

     

     

    13.4

    %

    Weighted average common shares outstanding

     

     

    967,100

     

     

     

    962,515

     

     

    0.5

    %

     

     

    965,306

     

     

     

    960,739

     

     

    0.5

    %

     

     

     

     

     

     

     

     

     

     

     

     

     

    Diluted net income per common share

     

    $

    0.41

     

     

    $

    0.33

     

     

    24.2

    %

     

    $

    1.59

     

     

    $

    1.40

     

     

    13.6

    %

    Diluted weighted average common shares outstanding

     

     

    977,778

     

     

     

    976,500

     

     

    0.1

    %

     

     

    977,563

     

     

     

    974,798

     

     

    0.3

    %

    Copart, Inc.

    Consolidated Balance Sheets

    (In thousands)

    (Unaudited)

     

     

     

    July 31, 2025

     

    July 31, 2024

    ASSETS

     

     

     

     

    Current assets:

     

     

     

     

    Cash, cash equivalents, and restricted cash

     

    $

    2,780,531

     

     

    $

    1,514,111

     

    Investment in held to maturity securities

     

     

    2,008,539

     

     

     

    1,908,047

     

    Accounts receivable, net

     

     

    762,811

     

     

     

    785,877

     

    Vehicle pooling costs

     

     

    116,145

     

     

     

    132,638

     

    Inventories

     

     

    39,661

     

     

     

    43,639

     

    Income taxes receivable

     

     

    580

     

     

     

    —

     

    Prepaid expenses and other assets

     

     

    46,361

     

     

     

    33,872

     

    Total current assets

     

     

    5,754,628

     

     

     

    4,418,184

     

    Property and equipment, net

     

     

    3,598,093

     

     

     

    3,175,838

     

    Operating lease right-of-use assets

     

     

    99,708

     

     

     

    116,301

     

    Intangibles, net

     

     

    62,832

     

     

     

    74,088

     

    Goodwill

     

     

    517,779

     

     

     

    513,909

     

    Other assets

     

     

    57,862

     

     

     

    129,444

     

    Total assets

     

    $

    10,090,902

     

     

    $

    8,427,764

     

     

     

     

     

     

    LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS' EQUITY

    Current liabilities:

     

     

     

     

    Accounts payable and accrued liabilities

     

     

    591,831

     

     

    $

    518,148

     

    Deferred revenue

     

     

    30,440

     

     

     

    28,121

     

    Income taxes payable

     

     

    41,141

     

     

     

    60,994

     

    Current portion of operating and finance lease liabilities

     

     

    19,869

     

     

     

    21,304

     

    Total current liabilities

     

     

    683,281

     

     

     

    628,567

     

    Deferred income taxes

     

     

    80,625

     

     

     

    93,653

     

    Income taxes payable

     

     

    35,635

     

     

     

    59,560

     

    Operating and finance lease liabilities, net of current portion

     

     

    83,870

     

     

     

    97,429

     

    Total liabilities

     

     

    883,411

     

     

     

    879,209

     

    Commitments and contingencies

     

     

     

     

    Redeemable non-controlling interest

     

     

    20,458

     

     

     

    24,544

     

    Stockholders' equity:

     

     

     

     

    Preferred stock

     

     

    —

     

     

     

    —

     

    Common stock

     

     

    97

     

     

     

    96

     

    Additional paid-in capital

     

     

    1,214,150

     

     

     

    1,120,985

     

    Accumulated other comprehensive loss

     

     

    (120,283

    )

     

     

    (142,972

    )

    Retained earnings

     

     

    8,093,069

     

     

     

    6,545,902

     

    Total stockholders' equity

     

     

    9,187,033

     

     

     

    7,524,011

     

    Total liabilities, redeemable noncontrolling interests and stockholders' equity

     

    $

    10,090,902

     

     

    $

    8,427,764

     

     

     

     

     

     

    Copart, Inc.

    Consolidated Statements of Cash Flows

    (In thousands)

    (Unaudited)

     

     

    Year Ended July 31,

     

     

     

    2025

     

     

     

    2024

     

    Cash flows from operating activities:

     

     

     

     

    Net Income

     

    $

    1,548,363

     

     

    $

    1,362,347

     

    Adjustments to reconcile net income to net cash provided by operating activities:

     

     

     

     

    Depreciation and amortization, including debt cost

     

     

    217,784

     

     

     

    190,256

     

    Allowance for credit losses

     

     

    354

     

     

     

    3,914

     

    Gain on extinguishment of liabilities

     

     

    —

     

     

     

    (4,058

    )

    Equity in losses of unconsolidated affiliates

     

     

    (149

    )

     

     

    2,241

     

    Stock-based compensation

     

     

    38,004

     

     

     

    35,234

     

    Gain on sale of property and equipment

     

     

    (13,726

    )

     

     

    (2,386

    )

    Deferred income taxes

     

     

    (13,440

    )

     

     

    (847

    )

    Changes in operating assets and liabilities, net of effects from acquisitions:

     

     

     

     

    Accounts receivable

     

     

    (33,950

    )

     

     

    (145,385

    )

    Vehicle pooling costs

     

     

    16,705

     

     

     

    (9,542

    )

    Inventories

     

     

    4,655

     

     

     

    (3,698

    )

    Prepaid expenses and other current and non-current assets

     

     

    7,748

     

     

     

    (71,067

    )

    Operating lease right-of-use assets and lease liabilities

     

     

    478

     

     

     

    1,064

     

    Accounts payable and accrued liabilities

     

     

    69,599

     

     

     

    59,528

     

    Deferred revenue

     

     

    2,159

     

     

     

    1,867

     

    Income taxes receivable

     

     

    (575

    )

     

     

    6,561

     

    Income taxes payable

     

     

    (44,259

    )

     

     

    46,535

     

    Net cash provided by operating activities

     

     

    1,799,750

     

     

     

    1,472,564

     

     

     

     

     

     

    Cash flows from investing activities:

     

     

     

     

    Purchases of property and equipment

     

     

    (568,990

    )

     

     

    (510,990

    )

    Assets and liabilities acquired in connection with acquisition

     

     

    (1,223

    )

     

     

    17,662

     

    Proceeds from sale of property and equipment

     

     

    31,831

     

     

     

    4,166

     

    Investment in held to maturity securities

     

     

    (4,001,918

    )

     

     

    (4,087,162

    )

    Proceeds from held to maturity securities

     

     

    3,960,000

     

     

     

    3,645,000

     

    Acquisition of investment in unconsolidated affiliates

     

     

    (7,148

    )

     

     

    (8,755

    )

    Net cash used in investing activities

     

     

    (587,448

    )

     

     

    (940,079

    )

     

     

     

     

     

    Cash flows from financing activities:

     

     

     

     

    Proceeds from the exercise of stock options

     

     

    42,759

     

     

     

    24,260

     

    Proceeds from the issuance of Employee Stock Purchase Plan shares

     

     

    14,679

     

     

     

    12,406

     

    Payments for employee stock-based tax withholdings

     

     

    (5,282

    )

     

     

    (6,558

    )

    Principal payments on revolver facility

     

     

    —

     

     

     

    (10,821

    )

    Payments of finance lease obligations

     

     

    (49

    )

     

     

    (14

    )

    Net cash provided by financing activities

     

     

    52,107

     

     

     

    19,273

     

    Effect of foreign currency translation

     

     

    2,011

     

     

     

    4,958

     

    Net increase in cash, cash equivalents, and restricted cash

     

     

    1,266,420

     

     

     

    556,716

     

    Cash, cash equivalents, and restricted cash at beginning of period

     

     

    1,514,111

     

     

     

    957,395

     

    Cash, cash equivalents, and restricted cash at end of period

     

    $

    2,780,531

     

     

    $

    1,514,111

     

     

     

     

     

     

    Supplemental disclosure of cash flow information:

     

     

     

     

    Interest paid

     

    $

    2,019

     

     

    $

    3,127

     

    Income taxes paid, net of refunds

     

    $

    409,003

     

     

    $

    285,891

     

    Purchase of property and equipment through settlement of deposit

     

    $

    64,050

     

     

    $

    —

     

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250904778552/en/

    Copart Investor Relations

    [email protected]

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    Copart downgraded by Argus

    Argus downgraded Copart from Buy to Hold

    3/14/25 7:45:30 AM ET
    $CPRT
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary

    $CPRT
    Insider Trading

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    Chief Executive Officer Liaw Jeffrey exercised 49,775 shares at a strike of $8.49 and sold $1,118,419 worth of shares (24,088 units at $46.43), increasing direct ownership by 852% to 55,615 units (SEC Form 4)

    4 - COPART INC (0000900075) (Issuer)

    7/16/25 8:02:43 PM ET
    $CPRT
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary

    Director Cohan Steven D exercised 100,000 shares at a strike of $11.80 and sold $6,001,000 worth of shares (100,000 units at $60.01) (SEC Form 4)

    4 - COPART INC (0000900075) (Issuer)

    4/15/25 11:02:24 AM ET
    $CPRT
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary

    Director Meeks James E exercised 100,000 shares at a strike of $11.80 and sold $5,400,000 worth of shares (100,000 units at $54.00) (SEC Form 4)

    4 - COPART INC (0000900075) (Issuer)

    3/21/25 5:39:30 PM ET
    $CPRT
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary

    $CPRT
    Press Releases

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    Copart Reports Fourth Quarter Fiscal 2025 Financial Results

    Copart, Inc. (NASDAQ:CPRT) today reported financial results for the quarter and year ended July 31, 2025. For the three months ended July 31, 2025, revenue, gross profit, and net income attributable to Copart, Inc. were $1.1 billion, $510 million, and $396 million, respectively. These represent an increase in revenue of $56.1 million, or 5.2%; an increase in gross profit of $56.1 million, or 12.4%; and an increase in net income attributable to Copart, Inc. of $73.8 million, or 22.9%, respectively, from the same period last year. Fully diluted earnings per share for the three months ended July 31, 2025 was $0.41 compared to $0.33 last year, an increase of 24.2%. For the year ended July 3

    9/4/25 4:15:00 PM ET
    $CPRT
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary

    Copart, Inc. to Release Fourth Quarter Fiscal 2025 Results

    Copart, Inc. (NASDAQ:CPRT) announced today that it will release earnings for the fourth quarter of fiscal 2025 after 4:00 p.m. Eastern Time (3:00 p.m. Central) on Thursday, September 4, 2025. On Thursday, September 4, 2025, at 5:30 p.m. Eastern Time (4:30 p.m. Central), Copart will conduct a conference call to discuss the results for the quarter. The call will be webcast live and available for access by clicking "Listen Here" at www.copart.com/investorrelations. A replay of the call will be available through November 2025 at www.copart.com/investorrelations. About Copart Founded in 1982, Copart is a global leader in online vehicle auctions. Copart's innovative technology and online au

    8/27/25 4:00:00 PM ET
    $CPRT
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary

    Copart Reports Third Quarter Fiscal 2025 Financial Results

    Copart, Inc. (NASDAQ:CPRT) today reported financial results for the quarter ended April 30, 2025. For the three months ended April 30, 2025, revenue, gross profit, and net income attributable to Copart, Inc. were $1.2 billion, $552.3 million, and $406.6 million, respectively. These represent an increase in revenue of $84.5 million, or 7.5%; an increase in gross profit of $26.8 million, or 5.1%; and an increase in net income attributable to Copart, Inc. of $24.3 million, or 6.4%, respectively, from the same period last year. Fully diluted earnings per share for three months ended April 30, 2025 was $0.42 compared to $0.39 last year, an increase of 7.7%. For the nine months ended April 30,

    5/22/25 4:15:00 PM ET
    $CPRT
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary

    $CPRT
    Financials

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    Copart Reports Fourth Quarter Fiscal 2025 Financial Results

    Copart, Inc. (NASDAQ:CPRT) today reported financial results for the quarter and year ended July 31, 2025. For the three months ended July 31, 2025, revenue, gross profit, and net income attributable to Copart, Inc. were $1.1 billion, $510 million, and $396 million, respectively. These represent an increase in revenue of $56.1 million, or 5.2%; an increase in gross profit of $56.1 million, or 12.4%; and an increase in net income attributable to Copart, Inc. of $73.8 million, or 22.9%, respectively, from the same period last year. Fully diluted earnings per share for the three months ended July 31, 2025 was $0.41 compared to $0.33 last year, an increase of 24.2%. For the year ended July 3

    9/4/25 4:15:00 PM ET
    $CPRT
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary

    Copart, Inc. to Release Fourth Quarter Fiscal 2025 Results

    Copart, Inc. (NASDAQ:CPRT) announced today that it will release earnings for the fourth quarter of fiscal 2025 after 4:00 p.m. Eastern Time (3:00 p.m. Central) on Thursday, September 4, 2025. On Thursday, September 4, 2025, at 5:30 p.m. Eastern Time (4:30 p.m. Central), Copart will conduct a conference call to discuss the results for the quarter. The call will be webcast live and available for access by clicking "Listen Here" at www.copart.com/investorrelations. A replay of the call will be available through November 2025 at www.copart.com/investorrelations. About Copart Founded in 1982, Copart is a global leader in online vehicle auctions. Copart's innovative technology and online au

    8/27/25 4:00:00 PM ET
    $CPRT
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary

    Copart Reports Third Quarter Fiscal 2025 Financial Results

    Copart, Inc. (NASDAQ:CPRT) today reported financial results for the quarter ended April 30, 2025. For the three months ended April 30, 2025, revenue, gross profit, and net income attributable to Copart, Inc. were $1.2 billion, $552.3 million, and $406.6 million, respectively. These represent an increase in revenue of $84.5 million, or 7.5%; an increase in gross profit of $26.8 million, or 5.1%; and an increase in net income attributable to Copart, Inc. of $24.3 million, or 6.4%, respectively, from the same period last year. Fully diluted earnings per share for three months ended April 30, 2025 was $0.42 compared to $0.39 last year, an increase of 7.7%. For the nine months ended April 30,

    5/22/25 4:15:00 PM ET
    $CPRT
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary

    $CPRT
    Large Ownership Changes

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    Amendment: SEC Form SC 13G/A filed by Copart Inc. (DE)

    SC 13G/A - COPART INC (0000900075) (Subject)

    12/16/24 7:28:03 PM ET
    $CPRT
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary

    SEC Form SC 13G/A filed by Copart Inc. (DE) (Amendment)

    SC 13G/A - COPART INC (0000900075) (Subject)

    2/14/24 3:29:49 PM ET
    $CPRT
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary

    SEC Form SC 13G/A filed by Copart Inc. (DE) (Amendment)

    SC 13G/A - COPART INC (0000900075) (Subject)

    3/1/23 2:12:38 PM ET
    $CPRT
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary

    $CPRT
    Leadership Updates

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    Copart Appoints Jeff Liaw as CEO and Director and Jay Adair as Executive Chairman

    DALLAS, March 11, 2024 /PRNewswire/ -- Copart, Inc. (NASDAQ:CPRT) today announced that its Board of Directors has appointed Jeff Liaw as the company's sole Chief Executive Officer (CEO) and as a member of the Board of Directors. Mr. Liaw has been serving as Co-CEO since March 2022. In addition, Jay Adair, who served as the Company's CEO from February 2010 to February 2022 and as Co-CEO along with Mr. Liaw since March 2022 will step down from that role. In addition, the Board of Directors has appointed Mr. Adair as Executive Chairman, and he will remain an active executive officer of the company in that capacity. The above changes are effective April 1, 2024. Mr. Liaw joined Copart in 2016 a

    3/11/24 4:03:00 PM ET
    $CPRT
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary

    Copart, Inc. Announces Senior Leadership Appointments

    DALLAS, Jan. 15, 2024 /PRNewswire/ -- Copart, Inc. (NASDAQ:CPRT) is pleased to announce the appointment of three new members to its senior executive leadership team: Chief Marketing Officer (CMO) David (Dave) Kang, Chief Product Officer (CPO) Neel Madhvani, and Chief Operating Officer (COO) Hessel Verhage. Stephen (Steve) Powers, who has served as COO since October 2020, has assumed the role of Chief Business Development Officer (CBDO). All four executives will work from Copart's global headquarters in Dallas, Texas and will report to Copart Co-CEO Jeff Liaw. Steve Powers, Chief Business Development Officer Steve leads Copart's real estate acquisition and facility development teams, as well

    1/15/24 10:31:00 AM ET
    $CPRT
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary

    Copart Announces Hiring of New Chief Financial Officer and Chief Legal Officer

    DALLAS, Dec. 3, 2022 /PRNewswire/ -- Copart, inc. (NASDAQ:CPRT) announced the addition of two new members to its leadership team today: Chief Financial Officer Leah Stearns and Chief Legal Officer Paul Kirkpatrick. Leah Stearns, Chief Financial OfficerLeah will lead Copart's finance and accounting functions to help enable the company's continuing profitable growth. She is a seasoned Fortune 500 executive, serving most recently as chief financial officer of CBRE, a global leader in commercial real estate services and investments, and previously in financial and operational lead

    12/3/22 7:15:00 AM ET
    $CPRT
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary