Reports cited declining insurance auction volumes as a concern for Copart. The volume weakness contributed to more bearish analyst sentiment despite the company exceeding third-quarter 2026 revenue and EPS estimates. The reported pressure relates to Copart’s core vehicle salvage auction demand, rather than a stated deterioration in profitability.
Key facts
Rathbones Group PLC increased its stake in Copart, Inc. by 72.6% in the first quarter, adding 65,355 shares to reach a total of 155,364 shares valued at $5.16 million. source
85.78% of Copart, Inc. is owned by institutional investors. source