Wedgewood Partners Slams Copart's Recent Decline Amid Investor Concerns

Thursday, Oct 23, 2025 11:25 am ET1min read

Wedgewood Partners highlighted Copart, Inc. (NASDAQ:CPRT) in its third-quarter 2025 investor letter, citing concerns about the decline in unit volume from Copart's U.S. insurance customers and the stock underperforming despite a 12% growth in gross profit dollars and a 24% increase in earnings per share. The company's price per unit sold was up 6%, despite used car price indexes being mostly flat for the past year. Wedgewood expects the volume share loss to normalize as Copart continues to invest in auction liquidity.

Wedgewood Partners Slams Copart's Recent Decline Amid Investor Concerns

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