Copart Management

Management criteria checks 3/4

Copart's CEO is Jeff Liaw, appointed in Apr 2024, has a tenure of less than a year. total yearly compensation is $2.09M, comprised of 43% salary and 57% bonuses, including company stock and options. directly owns 0.017% of the company’s shares, worth €8.69M. The average tenure of the management team and the board of directors is 1.9 years and 14.1 years respectively.

Key information

Jeff Liaw

Chief executive officer

US$2.1m

Total compensation

CEO salary percentage	43.0%
CEO tenure	less than a year
CEO ownership	0.02%
Management average tenure	1.9yrs
Board average tenure	14.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jeff Liaw's remuneration changed compared to Copart's earnings?
Date	Total Compensation	Salary	Company Earnings
Jul 31 2024	US$2m	US$900k	US$1b
Apr 30 2024	n/a	n/a	US$1b
Jan 31 2024	n/a	n/a	US$1b
Oct 31 2023	n/a	n/a	US$1b
Jul 31 2023	US$2m	US$900k	US$1b
Apr 30 2023	n/a	n/a	US$1b
Jan 31 2023	n/a	n/a	US$1b
Oct 31 2022	n/a	n/a	US$1b
Jul 31 2022	US$31m	US$788k	US$1b
Apr 30 2022	n/a	n/a	US$1b
Jan 31 2022	n/a	n/a	US$1b
Oct 31 2021	n/a	n/a	US$997m
Jul 31 2021	US$7m	US$687k	US$936m
Apr 30 2021	n/a	n/a	US$846m
Jan 31 2021	n/a	n/a	US$707m
Oct 31 2020	n/a	n/a	US$682m
Jul 31 2020	US$7m	US$638k	US$700m
Apr 30 2020	n/a	n/a	US$688m
Jan 31 2020	n/a	n/a	US$733m
Oct 31 2019	n/a	n/a	US$696m
Jul 31 2019	US$3m	US$339k	US$592m
Apr 30 2019	n/a	n/a	US$548m
Jan 31 2019	n/a	n/a	US$483m
Oct 31 2018	n/a	n/a	US$454m
Jul 31 2018	US$2m	US$323k	US$418m

Compensation vs Market: Jeff's total compensation ($USD2.09M) is below average for companies of similar size in the German market ($USD4.87M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.

CEO

Jeff Liaw (47 yo)

less than a year

Tenure

US$2,092,340

Compensation

Mr. Jeffrey Liaw, also known as Jeff, serves as Co-Chief Executive Officer at Copart, Inc. since April 01, 2022. He served as President at Copart, Inc. since September 03, 2019 until April 01, 2022 and als...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Willis Johnson	Founder & Chairman	42.8yrs	US$390.09k	5.63% € 2.9b
A. Adair	Executive Chairman	32.2yrs	US$845.41k	2.61% € 1.4b
Jeffrey Liaw	CEO & Director	less than a year	US$2.09m	0.017% € 8.7m
Leah Stearns	Senior VP & CFO	1.9yrs	US$4.30m	0.0029% € 1.5m
Hessel Verhage	Chief Operating Officer	less than a year	no data	no data
Gavin Renfrew	VP & Chief Accounting Officer	2.2yrs	US$512.86k	0% € 0
Rama Prasad	Chief Technology Officer	10.8yrs	US$692.55k	no data
Paul Kirkpatrick	Chief Legal Officer & Secretary	1.9yrs	no data	no data
Robert Vannuccini	Chief Sales Officer	17.3yrs	US$2.36m	no data
David Kang	Chief Marketing Officer	less than a year	no data	no data
Steve Powers	Chief Business Development Officer	less than a year	no data	no data
Adiel Avelar	Managing Director of Copart Brazil	13.8yrs	no data	no data

1.9yrs

Average Tenure

53yo

Average Age

Experienced Management: CO6's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Willis Johnson	Founder & Chairman	42.8yrs	US$390.09k	5.63% € 2.9b
A. Adair	Executive Chairman	32.2yrs	US$845.41k	2.61% € 1.4b
Jeffrey Liaw	CEO & Director	less than a year	US$2.09m	0.017% € 8.7m
James Meeks	Independent Director	28.1yrs	US$307.50k	0% € 0
Diane Morefield	Independent Director	5.3yrs	US$337.50k	0% € 0
Thomas Tryforos	Independent Director	12.4yrs	US$327.50k	0.046% € 23.7m
Steven Cohan	Independent Director	20.7yrs	US$337.50k	0.000010% € 5.2k
Daniel Englander	Lead Independent Director	18.1yrs	US$337.50k	0.0020% € 1.0m
Carl Sparks	Independent Director	3.2yrs	US$327.50k	0% € 0
Matt Blunt	Independent Director	15.8yrs	US$327.50k	0% € 0
Stephen Fisher	Independent Director	5.3yrs	US$317.50k	0% € 0
Cherylyn LeBon	Independent Non-Employee Director	3.5yrs	US$327.50k	0% € 0

14.1yrs

Average Tenure

59yo

Average Age

Experienced Board: CO6's board of directors are seasoned and experienced ( 14.1 years average tenure).

Copart Management

Management criteria checks 3/4

Key information

Recent management updates

Copart, Inc., Annual General Meeting, Dec 06, 2024

Insufficient new directors

Executive Chairman recently sold €32m worth of stock

Copart, Inc. Announces Executive Changes, Effective April 1, 2024

Copart, Inc. Announces Executive Appointments

Founder & Executive Chairman recently sold €4.6m worth of stock

Recent updates

Copart, Inc. to Report Q1, 2025 Results on Nov 21, 2024

Copart, Inc., Annual General Meeting, Dec 06, 2024

Now 21% undervalued

Insufficient new directors

Full year 2024 earnings released: EPS: US$1.42 (vs US$1.30 in FY 2023)

Now 23% undervalued after recent price drop

Third quarter 2024 earnings released: EPS: US$0.40 (vs US$0.37 in 3Q 2023)

Copart, Inc. to Report Q3, 2024 Results on May 16, 2024

Executive Chairman recently sold €32m worth of stock

Copart, Inc. Announces Executive Changes, Effective April 1, 2024

Second quarter 2024 earnings released: EPS: US$0.34 (vs US$0.31 in 2Q 2023)

Copart, Inc. to Report Q2, 2024 Results on Feb 22, 2024

Copart, Inc. Announces Executive Appointments

Founder & Executive Chairman recently sold €4.6m worth of stock

First quarter 2024 earnings released: EPS: US$0.35 (vs US$0.26 in 1Q 2023)

Copart, Inc. to Report Q1, 2024 Results on Nov 16, 2023

Copart, Inc., Annual General Meeting, Dec 08, 2023

Full year 2023 earnings released: EPS: US$1.30 (vs US$1.15 in FY 2022)

Copart, Inc. to Report Q4, 2023 Results on Sep 14, 2023

Investor sentiment improves as stock rises 96%

Co-CEO & Director recently sold €24m worth of stock

Third quarter 2023 earnings released: EPS: US$735 (vs US$0.59 in 3Q 2022)

Copart, Inc. to Report Q3, 2023 Results on May 16, 2023

Second quarter 2023 earnings released: EPS: US$0.62 (vs US$0.61 in 2Q 2022)

Copart, Inc. to Report Q2, 2023 Results on Feb 20, 2023

Copart, Inc. Announces Executive Changes

First quarter 2023 earnings released: EPS: US$0.52 (vs US$0.55 in 1Q 2022)

Copart, Inc. to Report Q1, 2023 Results on Nov 16, 2022

Copart, Inc., Annual General Meeting, Dec 02, 2022

Copart, Inc. Appoints Gavin Renfrew as Principal Financial Officer and Principal Accounting Officer on an Interim Basis

Full year 2022 earnings released: EPS: US$4.59 (vs US$3.96 in FY 2021)

Copart, Inc. to Report Q4, 2022 Results on Sep 07, 2022

Copart, Inc. Announces Resignation of John North as Chief Financial Officer, Effective August 31, 2022

Third quarter 2022 earnings released: EPS: US$1.17 (vs US$1.21 in 3Q 2021)

Copart, Inc. to Report Q3, 2022 Results on May 18, 2022

Copart, Inc. Promotes Jeff Liaw to Co-Chief Executive Officer, Effective April 1, 2022

Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Copart, Inc. to Report Q2, 2022 Results on Feb 16, 2022

Now 21% undervalued after recent price drop

First quarter 2022 earnings released: EPS US$1.10 (vs US$0.85 in 1Q 2021)

High number of new directors

High number of new directors

CEO & Director recently sold €21m worth of stock

Full year 2021 earnings released: EPS US$3,964 (vs US$3.00 in FY 2020)

CEO & Director recently sold €15m worth of stock

CEO & Director recently sold €34m worth of stock

Copart, Inc.(NasdaqGS:CPRT) dropped from Russell 1000 Dynamic Index

Third quarter 2021 earnings released: EPS US$1.21 (vs US$0.63 in 3Q 2020)

Founder & Executive Chairman recently sold €21m worth of stock

New 90-day low: €88.50

Second quarter 2021 earnings released: EPS US$0.82 (vs US$0.72 in 2Q 2020)

Revenue misses expectations

Copart, Inc. to Report Q2, 2021 Results on Feb 18, 2021

New 90-day low: €90.00

Lead Independent Director recently sold €6.9m worth of stock

CEO & Director recently sold €30m worth of stock

First quarter 2021 earnings released: EPS US$0.85

Revenue beats expectations

Copart, Inc. to Report Q1, 2021 Results on Nov 18, 2020

New 90-day high: €104

Copart, Inc., Annual General Meeting, Dec 04, 2020

Copart, Inc. Appoints John North as Chief Financial Officer

New 90-day high: €91.50

Full year earnings released - EPS €3.00

Full year earnings released - EPS €3.00

Copart, Inc. to Report Q4, 2020 Results on Sep 02, 2020

New 90-day high - €86.00

New 90-day high - €82.00

CEO Compensation Analysis