Key Points
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Execution of a 27,745-share sale at $30.49 per share, totaling ~$846,000 in transaction value.
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The disposition reduced the insider’s direct equity holdings by 22%.
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Activity was conducted under a Rule 10b5-1 trading plan, representing a pre-scheduled liquidity event rather than a discretionary market move.
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Jeffrey Liaw, Chief Executive Officer of Copart, Inc. (NASDAQ:CPRT), sold 27,745 shares of common stock on July 28, 2026, as disclosed in a recent SEC Form 4 filing.
Transaction summary
MetricValueShares sold (directly held)27,745Transaction value~$846,000Post-transaction shares (directly held)99,641Post-transaction value~$3.1 million
Transaction value based on SEC Form 4 weighted average sale price ($30.49); post-transaction value based on July 28, 2026, market close ($30.69).
Key questions
- What was the mechanism for this transaction?The sale was conducted pursuant to a Rule 10b5-1 trading plan adopted by Liaw on April 15, 2025. These plans are established to allow corporate insiders to sell a predetermined number of shares at set times to avoid potential conflicts regarding material non-public information.
- What is the insider’s remaining equity exposure?Following the sale, Liaw maintains direct ownership of 99,641 shares of common stock. Additionally, the executive holds 178,718 derivative securities, including both vested and unvested stock options, ensuring continued alignment with long-term company performance.
- How does the current valuation compare to the transaction price?The transaction was executed at $30.49 per share, slightly below the July 28, 2026, market close of $30.69. As of July 29, 2026, market close, shares traded at $30.82, and the company had a market capitalization of $27.4 billion.
- What has been the recent trajectory of the stock?At the time of the transaction on July 28, 2026, the stock had declined by 33.4% over the previous 12 months. Despite this performance, the Dallas-based company remains a significant global provider of online vehicle auctions with trailing-twelve-month revenue of $4.6 billion.
Company Overview
MetricValueShare Price (as of market close 2026-07-29)$30.82Market Capitalization$27.4 billionRevenue (TTM)$4.6 billionNet Income (TTM)$1.5 billion
Company Snapshot
- Copart operates a global online vehicle auction platform and comprehensive vehicle remarketing services, generating revenue primarily through auction transaction fees, seller fees, and ancillary services across multiple international markets.
- The company’s business model leverages proprietary virtual bidding technology to facilitate the buying and selling of vehicles over the internet, capturing value through transaction-based fees and operational efficiency gains.
- Copart serves a diverse customer base, including insurance companies, fleet operators, financial institutions, and individual vehicle sellers across the United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain.
Copart, Inc. is a leading global provider of online vehicle auctions and remarketing solutions, with a market capitalization of $27.4 billion and trailing 12-month revenue of $4.6 billion.
The company maintains a significant competitive advantage through its proprietary digital platform, which enables efficient price discovery and liquidity in the vehicle remarketing market across 11 international jurisdictions.
With 11,600 employees and a trailing 12-month net income of $1.6 billion, Copart demonstrates substantial operational leverage and profitability in the specialty business services sector.
What this transaction means for investors
This sale shouldn’t be concerning for investors. It was a pre-planned sale under a Rule 10b5-1 trading plan adopted by Liaw on April 15, 2025. Insiders often use this rule to execute transactions planned well in advance to avoid the appearance of trading on non-public information about the company.
Moreover, the sale represents a minor portion of Liaw’s stake. As of July 28, 2026, he still held 99,641 shares.
The stock’s decline follows the business’s slowing growth. On a trailing 12-month basis, revenue grew 1% year over year. This is down from the roughly 10% increase in the previous three years.
Importantly, the company’s profitable business model, built on service fees, continues to generate earnings growth even as sales momentum slows. Earnings per share increased nearly 6% on a trailing basis, reaching $1.61.
The company’s growth means the stock is offering more value at these lower share prices. The forward price-to-earnings multiple currently sits at a reasonable 17.7x, with analysts still expecting modest revenue and earnings growth over the next two years.
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John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Copart. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
