C

Copart

Global online vehicle auction platform

General Manager

Full-TimePosted on 10/19/2026
No salary listed
Junior
Tanner, AL, USA
In Person
Business & Strategy

About the job

Requirements
  • A minimum of 2–3 years as a manager; military or other relevant experience is preferred.
  • A proven track record of driving and achieving operational excellence and executing corporate goals.
  • Metric-driven work.
  • A proven track record of supporting change initiatives and ensuring the team can adapt to and manage change effectively and positively.
  • Ability to adjust communication tone and style according to the audience.
  • Ability to build strong relationships.
  • Critical-thinking skills, using logic to identify alternative solutions to operational issues.
  • Decision-making skills, including considering the benefits and risks of potential decisions to choose the most appropriate course of action.
  • Active-listening skills to understand issues or concerns and help develop and execute solutions.
  • Ability to manage time effectively and prioritize tasks to meet deadlines or productivity goals.
  • Problem-solving skills.
  • Ability to multitask and maintain motivation and urgency.
  • A valid driver's license.
  • Willingness to travel as required.
Responsibilities
  • Lead overall planning, organizing, leading, and controlling functions of the facility, managing the facility and staff to meet budget, revenue, and customer-satisfaction standards.
  • Create a customer-first environment for internal and external customers by offering solutions that meet customer needs while maintaining company policy, quality, and service standards.
  • Partner with Human Resources to attract, recruit, develop, and retain a diverse, high-performing team.
  • Train and develop staff to meet company guidelines and expectations.
  • Maintain positive communication and feedback with staff and deliver all annual Continuous Improvement Summaries (reviews) on time.
  • Manage the team through an innovative, creative, and inspirational leadership style, and hold staff consistently accountable with unbiased fairness to drive performance.
  • Create an engaged team environment that drives execution, innovation, productivity, and future leaders.
  • Maintain high integrity in interactions and decision-making.
  • Proactively manage the performance of managers and staff, address opportunities quickly, and redirect or take appropriate action when applicable.
  • Manage day-to-day facility operations and develop subject-matter expertise in all process areas, including office processes and outside-yard jobs and tasks.
  • Recruit and maintain an appropriate number of sub-haulers to meet the facility's logistical requirements.
  • Maintain compliance with allowable guidelines for System Quality Reviews, Field Quality Reviews, and Equipment and Safety Reviews.
  • Immediately raise concerns that could negatively affect the facility, employees, or customers to the Regional Manager.
  • Set goals and ensure each employee uses the tools provided to achieve ongoing success.
  • Ensure locations comply with county, state, Environmental Protection Agency, Occupational Safety and Health Administration, and Department of Motor Vehicles laws and regulations.
  • Disseminate relevant knowledge throughout the location to ensure transparency and clarity about company goals and initiatives.
  • Manage relationships with buyers, sellers, and internal customers.
  • Identify knowledge and skill gaps within the team and ensure remedies are provided.
  • Represent the company's mission, vision, values, and culture as a brand ambassador.
  • Communicate with all levels of organizational leadership tactfully and professionally, both in writing and verbally.
  • Support local or non-local CAT events as needed throughout the year.
  • Understand the assigned profit and loss statement and identify ways to increase revenue and decrease costs.
  • Perform other duties as assigned by the Regional Manager or upper management.
Desired Qualifications
  • Military or other relevant experience.
  • Bilingual ability.

About the company

Copart runs a global online vehicle auction platform connecting insurance-salvage sellers with buyers like dealers and rental fleets. It earns fees from both sides for each vehicle sold and provides logistics and facility support to move and process vehicles. Its proprietary auction system handles high volumes across many locations, enabling fast, repeated sales of salvage and used cars. The company differentiates itself via a large network of facilities and a deep pool of buyers, aiming to maximize sale price and speed for clients while expanding its global market share.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Dallas, Texas

Founded

1982

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Simplify's Take

What believers are saying

  • Q4 2026 total loss frequency hit a record, supporting more salvage volume.
  • International revenue rose 11.7% in Q4 2026, cushioning weak U.S. unit declines.
  • Copart held about $5.7 billion liquidity, enabling buybacks and the $1.9 billion ACV deal.

What critics are saying

  • Fiscal 2026 revenue grew only 0.4%, while Q4 net income fell 17.4%.
  • ACV integration risks linger until 2028, when management expects accretion and synergies.
  • Autonomous driving and better crash avoidance threaten Copart's core salvage supply over the next decade.

What makes Copart unique

  • Copart runs 250-plus locations across 11 countries, selling over 4 million vehicles annually.
  • Jay Adair returned as CEO on July 31, 2026, restoring founder-era operational discipline.
  • The September 10, 2026 ACV acquisition extends Copart from salvage auctions into wholesale remarketing.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • 401(k) Company Match
  • Employee Stock Purchase Plan
  • Employee Assistance Program
  • Paid Vacation
  • Paid Sick Leave
  • Paid Holidays
  • Life Insurance
  • Discounts

Company News

Yahoo Finance
Oct 12th, 2026
Copart's moat holds at a 32% margin, but growth has stalled and the stock is down 17.8%

Copart (NASDAQ: CPRT) closed at $27.32 on October 9, down 17.8% over six months, while the State Street SPDR S&P 500 ETF Trust rose 15.1%. The salvage car auctioneer's slide reflects slowing growth rather than a weaker business. Revenue rose 2.40% in the latest quarter while earnings fell 17.40%. Copart's moat rests on scarce salvage land near major cities and insurer contracts that route all write-offs to one network. That gives it a 32.01% operating margin, little debt and a current ratio near eight. The long-term risk is that safer and autonomous vehicles mean fewer wrecked cars. The stock trades at 15.61 times forward earnings, which makes it look fairly valued. Hedge fund holders rose to 60 from 57, with stakes worth about $2.24 billion at the end of Q2 2026.

ACV Auctions Inc.
Sep 21st, 2026
Copart to Acquire ACV, Expanding Position Across the Vehicle Remarketing Ecosystem

Combination creates a full-spectrum, digital vehicle remarketing platform spanning dealer trade-ins, wholesale remarketing, salvage disposition,…...

Yahoo Finance
Sep 15th, 2026
Fund buys Copart despite autonomous driving threat to crash rates

Alluvium Asset Management initiated a position in Copart during the second quarter of 2026, despite concerns about autonomous driving's long-term impact. The online vehicle auction platform appeared on the firm's quantitative screen showing compelling metrics: ten-year sales growth of 17.4%, profit growth of 19.1%, negligible debt, and returns on invested capital in the mid-30s. Copart operates in a duopoly, selling over 4 million vehicles annually, primarily for insurance companies disposing of total losses. Alluvium identified two key considerations for the business: declining accident rates from autonomous driving adoption versus rising total loss classifications due to increased vehicle technology and repair costs. The fund declined 1.4% in euro terms during the quarter. Copart's shares fell 15.1% in the period and lost 32.24% over the previous year.

Yahoo Finance
Sep 11th, 2026
Copart reports record total loss frequency as Q4 revenue hits $1.2B, acquires ACV for all-cash deal

Copart Inc reported Q4 2026 consolidated revenue of $1.2 billion, up 2.4% year-over-year, whilst full-year revenue reached $4.7 billion, up 0.4%. The company saw record total loss frequency and average selling prices, with Q4 global ASPs rising 3.5% and full-year ASPs up 5.5%. However, net income fell 17.4% to $327.4 million in Q4, with diluted earnings per share down 14.6% to $0.35. Full-year net income declined 4.4% to $1.48 billion. Global unit sales dropped 2.9% in Q4, driven by a 5.7% decline in the US market. Copart maintains strong liquidity of approximately $5.7 billion, comprising $4.5 billion in cash and securities plus $1.25 billion in revolving credit capacity. The company deployed $1.63 billion into share repurchases during the fiscal year. The firm expects its ACV acquisition to close by year-end and prove accretive to earnings in its first full year.

Financial News
Sep 11th, 2026
Copart profit falls 17% in Q4 despite revenue growth.

Copart profit falls 17% in Q4 despite revenue growth. Copart (NASDAQ: CPRT) reported fourth-quarter fiscal 2026 results on 10 September, posting revenue growth alongside a sharp fall in profit. Revenue for the three months to 31 July rose 2.4%, or $27.3m, to $1.2bn. Net income attributable to Copart dropped 17.4%, or $68.9m, to $327.4m. Copart fourth quarter results show margin squeeze. Gross profit fell 5.5%, or $28.3m, to $481.4m, even as the top line grew. Diluted earnings per share came in at $0.35, down from $0.41 a year earlier, a 14.6% decline, according to the filing. The prior-year quarter's net income stood at $396.4m, the base for the latest decline, according to a preview from Alphastreet. Operating income fell 10.6% to $368.9m in the quarter, and for the full year it slipped 2.6% to $1.7bn, according to an earnings call transcript. Full-year gross margin came in at 44.7%, the same transcript showed. Buybacks cut interest income. Copart repurchased $1.63bn of common stock during fiscal 2026, according to 24/7 Wall St, a programme that reduced the cash pile generating interest income and weighed on net income even as operating revenue grew. Annual operating cash flow fell 10.85% to $1.6bn for the year, the same outlet reported. Full-year revenue, gross profit and net income were $4.7bn, $2.1bn and $1.5bn respectively. Full-year revenue growth was just 0.4%, reflecting a tough comparison with fiscal 2025, when storm-driven volume from Hurricanes Helene and Milton lifted vehicle throughput, according to the transcript. Full-year adjusted EPS was $1.55, down from $1.59 in fiscal 2025, Investing.com reported. Copart's US operations generated $930.3m of the quarter's revenue, against $222.1m from its international segment, the same outlet said. A quarter-by-quarter look. The fourth-quarter net income figure sits below the three prior quarters of fiscal 2026. Copart's first quarter net income was $403.7m, the second quarter $350.7m, and the third quarter $402.4m, according to SEC filings. Added to the fourth-quarter figure, those results are consistent with the roughly $1.5bn full-year net income Copart disclosed. The pattern shows profitability oscillating through the year rather than falling in a straight line, with the July quarter marking the softest of the four. Shares reacted sharply to the release. Copart stock closed at $33.34, up 3.84% on the day, on volume nearly 2.8 times its 20-day average, according to consolidated exchange data. The stock had traded in a $30.77-$34.53 range over the prior 20 sessions before the print. Some of the after-hours strength followed a separate development: a reported all-cash acquisition of ACV Auctions, disclosed the same day, according to ChartMill, which noted the move came despite the earnings miss on a per-share basis. Short-side positioning had been building into the results. FINRA's short-volume ratio for Copart climbed to 0.593 on 4 September, before easing to 0.541 on the day of the release, according to FINRA data. The ratio had been as low as 0.33 at the start of the month, suggesting shifting sentiment as the earnings date approached. The results also landed against a steady but unremarkable macro backdrop. The 10-year US Treasury yield stood at 4.83% on 9 September, barely changed from 4.80% previously, according to FRED data. US unemployment held at 4.1% in August, unchanged from July, separate FRED figures showed, offering little in the way of an external explanation for the margin pressure Copart reported. Copart's finance team is expected to face questions on the ACV Auctions development and on the interest-income drag from buybacks when the company next reports, with investors watching whether the fourth-quarter margin compression proves temporary or persists into fiscal 2027. This article is for information only and is not investment advice or a recommendation to buy or sell any asset. Markets move quickly; figures are correct as sourced at the time of writing. Always do your own research before making financial decisions.