Copart Inc (CPRT)
Copart Inc (CPRT) is a global provider of online vehicle auction and remarketing services. Founded in 1982, the company facilitates the sale of used, salvage, and clean title vehicles primarily through its online platform, connecting sellers and buyers across various markets worldwide. Copart serves insurance companies, vehicle dealers, rental car companies, and dismantlers, offering a comprehensive system for vehicle remarketing and salvage operations.
Company News
Argent Capital Management significantly reduced its Copart stake by selling 1,262,984 shares in Q3 2025, leaving only 0.2% of its portfolio allocation, potentially signaling concerns about the company's recent performance and valuation.
The article highlights three stocks with near-monopoly market positions in their respective industries: Copart, ASML Holding, and Fair Isaac Corporation. These companies have significant market share, minimal competition, and potential for investor returns despite trading below their 52-week highs.
Several large-cap stocks, including PDD Holdings, Regeneron Pharmaceuticals, and Burlington Stores, were among the top losers last week, with declines ranging from 11.9% to 29.3%. The reasons for the losses varied, from mixed clinical trial results to earnings misses and tariff concerns.
Sector ETF report for PRN
