PineStone Asset Management 13F: Cuts Copart (CPRT) Stake by $52M

PineStone Asset Management has reduced its stake in Copart, Inc. (NasdaqGS: CPRT) by 1,887,894 shares, bringing its total holdings down to 6,025,813 shares. This cut represents a 23.9% decrease in their position and reflects a reported value of about $164.4 million as of the filing date on October 16, 2026.

What Changed in PineStone Asset Management's Copart Position

In the recent 13F filing, PineStone Asset Management disclosed its reduced holdings in Copart. The firm now holds 6,025,813 shares compared to 7,913,707 shares before the cut. This adjustment comes as the firm evaluates its investment strategies and market conditions.

Other Institutional Activity in Copart

Several other institutional investors have also made moves with their positions in Copart. Blackrock Inc. grew its holdings by 4,388,741 shares, ending with 67,718,347 shares worth about $1.89 billion. Vanguard Capital Management LLC slightly increased its stake by 57,274 shares for a total of 57,331,249 shares valued at approximately $1.60 billion. State Street Corporation added 690,282 shares, now holding 38,827,400 shares worth about $1.08 billion. In contrast, Vanguard Portfolio Management LLC reduced its position by 2,661,906 shares, holding 38,736,327 shares valued at around $1.08 billion. Lastly, Invesco Ltd. grew its stake by 783,317 shares, totaling 33,018,576 shares worth about $920.2 million.

Copart, Inc. Stock Up 6.4%

As of October 16, 2026, Copart's shares are trading at $27.95. This price is significantly below the 50-day moving average of $30.04, down about 6.9%, and also below the 200-day moving average of $32.95, down 15.2%. The stock is currently about 39.1% lower than its 52-week high of $45.89 and 8.7% above its 52-week low of $25.72.

Recent Earnings

Copart reported trailing twelve-month revenue of approximately $4.67 billion and earnings per share (EPS) of $1.55. The company's net margin stands at 31.8%, and its return on equity (ROE) is 16.2%. The next earnings report is scheduled for November 19, 2026.

Insider Buying and Selling at Copart, Inc.

Recent insider transactions reveal that Chief Executive Officer Jeffrey Liaw sold 25,137 shares at approximately $40.17 each on January 15, 2026, worth about $1.01 million. He also sold 26,213 shares on April 15, 2026, valued at around $869,724, and 27,745 shares on July 28, 2026, equating to $845,945. Director Daniel J. Englander sold 80,000 shares at $27.55 each on July 13, 2026, for a total of $2.2 million.

Analysts Set New Price Targets

On September 11, 2026, Barrington Research upgraded Copart to an 'Outperform' rating with a price target of $40.00. Baird maintained its 'Outperform' rating but adjusted its target to $38.00 from $42.00. Freedom Broker also maintained a 'Buy' rating with a target of $36.00. However, HSBC downgraded the stock to 'Hold' with a price target of $36.00. BNP Paribas reiterated an 'Outperform' rating with a price target of $43.00, up from $40.00.

About Copart, Inc.

Copart, Inc. offers online vehicle auctions and remarketing services across various countries including the U.S., U.K., Germany, and several others. The company's platform allows users to bid on vehicles through an advanced online auction system. This recent stake reduction comes amid fluctuating market conditions and mixed sentiments from analysts following Copart's performance.

Bottom Line

Investors should monitor Copart's performance moving forward, particularly as it prepares to report earnings on November 19, 2026. The recent changes in institutional positions may also hint at shifting investor sentiment towards the company's stock. Keep in mind that this filing reflects positions as of the reporting date and may not represent current holdings.