ICICI Prudential Asset Management Co Ltd Boosts Stock Holdings in Copart, Inc. $CPRT

ICICI Prudential Asset Management Co Ltd grew its holdings in Copart, Inc. (NASDAQ:CPRT) by 419.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 62,849 shares of the business services provider’s stock after buying an additional 50,742 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in Copart were worth $2,826,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Stephens Inc. AR raised its stake in Copart by 0.7% in the second quarter. Stephens Inc. AR now owns 30,312 shares of the business services provider’s stock worth $1,487,000 after buying an additional 218 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Copart by 0.8% in the 2nd quarter. Allworth Financial LP now owns 28,978 shares of the business services provider’s stock valued at $1,422,000 after acquiring an additional 228 shares during the period. PDS Planning Inc lifted its stake in shares of Copart by 4.9% during the 3rd quarter. PDS Planning Inc now owns 5,196 shares of the business services provider’s stock worth $234,000 after purchasing an additional 242 shares during the last quarter. Hollencrest Capital Management boosted its position in Copart by 13.2% during the third quarter. Hollencrest Capital Management now owns 2,088 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 244 shares in the last quarter. Finally, Unique Wealth LLC boosted its position in Copart by 2.3% during the third quarter. Unique Wealth LLC now owns 10,785 shares of the business services provider’s stock valued at $485,000 after purchasing an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling

In other news, Director Thomas N. Tryforos sold 100,000 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $39.07, for a total transaction of $3,907,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 sale, the chief executive officer owned 55,970 shares in the company, valued at approximately $2,248,314.90. This trade represents a 30.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 9.60% of the stock is currently owned by insiders.

More Copart News

Here are the key news stories impacting Copart this week:

• Positive Sentiment: Copart still delivered strong profitability in the quarter: net income of $350.7M, a net margin ~34.2% and return on equity ~17.8%, showing the business remains highly cash-generative. Copart Reports Second Quarter Fiscal 2026 Financial Results
• Neutral Sentiment: Market context is modestly supportive today—U.S. futures rose ahead of macro data (Q4 GDP), which can help limit broader selling pressure on cyclical names. Stock Market Today: Dow Jones, S&P 500 Futures Rise Ahead Of Q4 GDP Numbers—Grail, Candel Therapeutics, Copart In Focus
• Neutral Sentiment: The full earnings call transcript is available for investors who want management commentary on unit volumes, pricing and outlook—check the call for any forward guidance or operational detail that could move the stock. Copart, Inc. (CPRT) Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Pre-earnings coverage flagged unit-volume headwinds that surfaced in the report—investors should watch whether management gives a timeline for volume recovery. Copart set to report earnings amid unit volume headwinds
• Negative Sentiment: Earnings miss and revenue decline were the primary negative catalysts: EPS $0.36 vs. ~$0.39 consensus, revenue $1.12B vs. ~$1.15B consensus and revenue down ~3.6% YoY—coverage highlights these misses as the reason for the share drop. Copart Stock Drops After Q2 Earnings: Here’s Why
• Negative Sentiment: Technically, the stock is trading below its 50-day and 200-day moving averages and near its 1-year low, which can exacerbate downward pressure if selling continues and algos/technicals come into play. Copart, Inc. (CPRT) Lags Q2 Earnings and Revenue Estimates

Copart Stock Down 0.3%

Shares of CPRT opened at $37.65 on Friday. The stock has a fifty day simple moving average of $39.49 and a two-hundred day simple moving average of $42.65. Copart, Inc. has a 52-week low of $36.52 and a 52-week high of $63.85. The company has a market capitalization of $36.45 billion, a PE ratio of 22.96 and a beta of 1.08.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, February 19th. The business services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Copart had a net margin of 34.24% and a return on equity of 17.78%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the company earned $0.40 EPS. As a group, equities analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on CPRT. Robert W. Baird decreased their target price on shares of Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Barclays reaffirmed an “underweight” rating and issued a $33.00 price target (up from $32.00) on shares of Copart in a report on Friday, November 21st. CJS Securities upgraded shares of Copart to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, JPMorgan Chase & Co. cut their price objective on Copart from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.60.

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.