Copart's Trading Volume Plummets 26.65% to $230M Ranks 422nd in U.S. Activity

Copart (CPRT) closed 0.29% higher on August 28, 2025, with a trading volume of $0.23 billion, marking a 26.65% decline from the prior day’s volume. The stock ranked 422nd in trading activity among U.S. equities. Recent developments highlight mixed signals for the vehicle auction platform. Aoris International Fund, a key investor, disclosed in its Q2 2025 letter that Copart’s March quarter growth was lackluster, with auction volumes from U.S. insurers remaining flat year-over-year. The fund attributed this to a rising proportion of uninsured vehicles—now 15.5%—which has narrowed Copart’s addressable market. Additionally, IAA Inc., Copart’s primary competitor, is regaining market share under new ownership, intensifying competitive pressures.

The fund’s exit from its Copart stake underscores concerns about the company’s growth trajectory. While Copart’s business model remains resilient in remarketing damaged vehicles, structural headwinds such as rising insurance costs and shifting market dynamics could constrain long-term demand. Institutional investors appear to be recalibrating their positions, with 61 hedge funds holding CPRT as of Q2 2025, down from 57 in the prior quarter. This suggests cautious sentiment amid uncertainty over Copart’s ability to offset competitive erosion and macroeconomic challenges.

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