Copart CEO Jeff Liaw to Step Down, Jay Adair to Return as Chief Executive

Billionaire returns as Copart CEO

After a couple of years as executive chairman, Jay Adair is returning to the CEO office at Copart. Read on to learn more about the billionaire's comeback at the Dallas-based online car auction company.

Copart reinstates Jay Adair as CEO; Liaw to step down

Online vehicle auctioneer Copart said on Monday Jeff Liaw ​will step down as chief ‌executive officer and director, effective July 31, 2026, with former CEO ​Jay Adair returning to ​the role.

Copart Announces CEO Transition

Copart CEO Jeff Liaw will step down on 31 July 2026, with Executive Chairman and former CEO Jay Adair set to return as chief executive.

Copart (NASDAQ:CPRT) drops as CEO departure lands during Russell reshuffle

NEW YORK, June 29, 2026, 17:01 EDT Copart shares dropped 8.02% to $28.10 at the close, near session lows, after the company said CEO Jeff Liaw will step down. I calculated the loss wiped out around $2.4 billion in market value. Nasdaq Composite was up 2.04%. Selling picked up on the first session after Russell's…

Copart CEO Jeff Liaw to Step Down, Jay Adair to Return as Chief Executive

Copart Inc. (NASDAQ: CPRT) said Chief Executive Officer Jeff Liaw will step down as CEO and director effective July 31, and that the board has appointed Executive Chairman Jay Adair to resume the top role he held for more than a decade before Liaw. Liaw will support the transition as special advisor to Adair. Liaw …

Liaw to step down as Copart CEO, Adair to resume post

Copart will have a new CEO at the end of next month. The company announced Monday that chief executive Jeff Liaw is stepping down from the role on July 31 and that executive chairman Jay Adair, who was the previous CEO, will take on the position. Liaw will support the transition as special advisor to Adair. “Jeff has provided Copart with extraordinary leadership over the past decade — first as CFO, then president, and finally as our third-ever C…