Shares fell 8.02% after Copart said Jeff Liaw would step down as CEO and board member effective July 31, 2026, as Barclays cut its target to $26 and a director sold shares.
Copart shares are under pressure after Bragar Eagel & Squire said it is investigating potential federal securities law violations following the company’s disclosure that Jeff Liaw will step down as chief executive officer and board member effective July 31, 2026. The stock fell $2.45, or 8.02%, to close at $28.10 on June 29, 2026, after the announcement. Investor concerns were compounded by a Barclays downgrade with a $26 price target and insider selling by a company director, adding to scrutiny of governance and legal risk.