Copart’s 453rd-Highest Daily Volume Day Underlines Institutional Splits and Analyst Downgrades

Copart Inc. (NASDAQ:CPRT) closed August 15, 2025, with a 0.47% gain, trading at a volume of $220 million—the 453rd highest on the day. Technical indicators on the 15-minute chart showed Bollinger Bands narrowing, signaling reduced volatility, while a KDJ Death Cross formed, suggesting downward momentum. These patterns historically correlate with potential price declines amid consolidating trends.

Institutional activity highlighted mixed sentiment. HighTower Advisors LLC boosted its stake by 39.7% in Q1, now holding $48.31 million in shares, while Gulf International Bank UK Ltd cut holdings by 26.4% to $2.8 million. Nuveen LLC and Vanguard Group also adjusted positions, reflecting varied confidence levels. Analysts revised targets downward: Robert W. Baird reduced its price objective to $55 from $64 with an "outperform" rating, Stephens maintained an "equal weight" at $50, and JPMorgan set a "neutral" stance with a $55 target. These adjustments reflect cautious optimism amid market adjustments.

A backtest of a strategy buying the top 500 stocks by daily trading volume and holding for one day from 2022 to 2025 showed a total profit of $10,720, with cumulative returns reaching 1.08 times the initial investment. The approach underscores the role of liquidity in identifying active stocks, though results were subject to market fluctuations.