Kovitz Investment Group Partners LLC Sells 144,900 Shares of Copart, Inc. $CPRT

Kovitz Investment Group Partners LLC cut its position in shares of Copart, Inc. (NASDAQ:CPRT) by 15.0% in the third quarter, Holdings Channel reports. The institutional investor owned 818,685 shares of the business services provider’s stock after selling 144,900 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Copart were worth $36,816,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its position in Copart by 13.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 371,603 shares of the business services provider’s stock valued at $16,711,000 after purchasing an additional 45,346 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Copart by 89.0% during the 2nd quarter. California Public Employees Retirement System now owns 2,548,275 shares of the business services provider’s stock worth $125,044,000 after buying an additional 1,200,035 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Copart by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 40,175,058 shares of the business services provider’s stock valued at $1,806,674,000 after acquiring an additional 1,236,101 shares in the last quarter. Yacktman Asset Management LP bought a new position in shares of Copart in the 3rd quarter valued at about $3,382,000. Finally, Elevate Capital Advisors LLC acquired a new stake in shares of Copart in the third quarter valued at about $1,472,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Activity

In other news, CEO Jeffrey Liaw sold 25,137 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $40.17, for a total transaction of $1,009,753.29. Following the completion of the sale, the chief executive officer owned 55,970 shares in the company, valued at $2,248,314.90. The trade was a 30.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas N. Tryforos sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $39.07, for a total value of $3,907,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 9.60% of the company’s stock.

Copart Trading Down 3.1%

CPRT stock opened at $36.48 on Monday. Copart, Inc. has a 1-year low of $33.81 and a 1-year high of $63.85. The business’s 50 day simple moving average is $39.44 and its 200 day simple moving average is $42.53. The firm has a market capitalization of $35.31 billion, a PE ratio of 22.80 and a beta of 1.08.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, February 19th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). Copart had a net margin of 33.76% and a return on equity of 16.68%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the business earned $0.40 EPS. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, sell-side analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on CPRT. Robert W. Baird set a $48.00 price target on Copart and gave the company an “outperform” rating in a research report on Friday. Barclays reissued an “underweight” rating on shares of Copart in a report on Monday. CJS Securities upgraded shares of Copart to a “strong-buy” rating in a report on Thursday, December 11th. Finally, JPMorgan Chase & Co. cut their price target on shares of Copart from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $46.80.

More Copart News

Here are the key news stories impacting Copart this week:

• Positive Sentiment: Management signaled continued investment in land capacity and AI to support long-term growth, which could strengthen Copart’s competitive position as insurance volumes normalize. Copart signals continued investment in land capacity and AI as insurance volumes decline 9%
• Neutral Sentiment: Company released full Q2 results and the earnings call transcript (details and management commentary available), useful for investors assessing guidance and strategy. Copart Reports Second Quarter Fiscal 2026 Financial Results
• Neutral Sentiment: Short-interest reports in the feeds show anomalous zero/NaN values for February data; treat these as unreliable until exchanges publish confirmed figures. Market data / short interest
• Negative Sentiment: Q2 EPS of $0.36 missed the consensus ~$0.39 and revenue of ~$1.12B missed estimates (~$1.15B); revenue declined ~3.6% year-over-year — primary drivers of the selloff. Copart Inc (CPRT) Q2 2026 Earnings Call Highlights
• Negative Sentiment: Immediate market reaction: multiple outlets report the stock plunged (near 52-week lows) and note analyst downgrades following the miss. Expect heightened volatility and further analyst scrutiny. Copart Slides After Q2 Miss, Shares Near 52-Week Lows
• Negative Sentiment: Coverage and commentary emphasize unit-volume headwinds in the insurance channel and downward revisions from some analysts, which could pressure earnings estimates near term. Copart Stock (CPRT) Is Crashing on Earnings Miss and Analyst Downgrades

Copart Company Profile

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.