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.
Copart IncNew CEO and strong balance sheet with $4.2B cash and no debt after buybacks.
RB Global Inc.SVN Capital expressed confidence in Copart's new leadership in its investor letter.
