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

Kovitz Investment Group Partners LLC lowered its position in shares of Copart, Inc. (NASDAQ:CPRT) by 15.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 818,685 shares of the business services provider’s stock after selling 144,900 shares during the quarter. Kovitz Investment Group Partners LLC owned approximately 0.08% of Copart worth $36,816,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Cloud Capital Management LLC bought a new stake in Copart during the 3rd quarter worth about $25,000. Tripletail Wealth Management LLC acquired a new stake in shares of Copart during the 3rd quarter worth approximately $27,000. LRI Investments LLC raised its stake in shares of Copart by 125.2% during the third quarter. LRI Investments LLC now owns 653 shares of the business services provider’s stock worth $29,000 after buying an additional 363 shares during the last quarter. Creekmur Asset Management LLC raised its stake in shares of Copart by 1,063.0% during the second quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider’s stock worth $31,000 after buying an additional 574 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its holdings in Copart by 54.0% in the third quarter. Cornerstone Planning Group LLC now owns 730 shares of the business services provider’s stock valued at $31,000 after buying an additional 256 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart News Roundup

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

Wall Street Analysts Forecast Growth

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

Copart Stock Down 3.1%

CPRT opened at $36.48 on Monday. The stock has a market cap of $35.31 billion, a P/E ratio of 22.80 and a beta of 1.08. Copart, Inc. has a 12 month low of $33.81 and a 12 month high of $63.85. The company has a fifty day simple moving average of $39.44 and a 200 day simple moving average of $42.53.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, February 19th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.15 billion. Copart had a net margin of 33.76% and a return on equity of 16.68%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. On average, equities research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity at Copart

In related news, CEO Jeffrey Liaw sold 25,137 shares of the 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 directly owned 55,970 shares of the company’s stock, valued at approximately $2,248,314.90. This represents a 30.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas N. Tryforos sold 100,000 shares of Copart stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $39.07, for a total transaction of $3,907,000.00. The SEC filing for this sale provides additional information. 9.60% of the stock is currently owned by insiders.

Copart 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.