Trexquant Investment 13F: Adds $40M to Copart (CPRT) Stake

Trexquant Investment Expands Copart Holdings

Trexquant Investment filed a Form 13F with the U.S. Securities and Exchange Commission detailing a major increase in its investment in Copart, Inc. (NasdaqGS: CPRT). During the period, the quantitative fund significantly grew its exposure to the vehicle remarketing specialist. This regulatory disclosure reflects holdings as of the reporting date and may not represent the investor's current position.

A 218% Increase in Shares

The fund lifted its stake by a notable margin, adding 1,416,355 shares to bring its total ownership to 2,064,558 shares. This represented a 218.5% jump from the previous count of 648,203 shares. At the close of the period, the expanded position carried an estimated value of $58.2 million.

Copart Stock Trades Near Lower Bounds

Copart shares trade near $28.19, putting the stock closer to its 52-week low of $25.72 rather than its high of $45.89. The company has a price-to-earnings ratio of 17.9 and a forward P/E of 15.9. These levels come as market participants watch how the stock behaves relative to its 50-day moving average of $30.04.

Recent Analyst Rating Updates

Wall Street firms have kept busy updating their outlooks on the company. On September 28, 2026, BNP Paribas reiterated its Outperform rating and set a $43.00 price target. Earlier in the month on September 17, 2026, HSBC downgraded the stock to a hold rating with a $36.00 price target. Freedom Broker maintained a buy rating on September 14, 2026, lowering its target to $36.00. Barrington Research upgraded the stock to Outperform on September 11, 2026, with a $40.00 target, while Baird maintained an Outperform rating and adjusted its target to $38.00 on the same day. JP Morgan upgraded the stock to Overweight with a $40.00 target on September 3, 2026. Barclays maintained an Underweight rating with a $25.00 target on August 26, 2026, and Stephens & Co. reiterated an Equal-Weight rating at $35.00 on August 20, 2026. Overall, the stock carries a consensus buy recommendation with a mean target price of $39.00.

Vehicle Remarketing and Auctions

Copart, Inc. operates virtual bidding platforms and online auctions for vehicle remarketing. The company processes end-of-life and salvage vehicles for insurance companies, banks, and vehicle dealers across global markets. Institutional moves like this one offer a look at how major quantitative funds manage their industrial sector allocations during shifts in market sentiment.

What to Watch at Copart, Inc.

Because 13F filings look backward at past quarters, market participants often check subsequent filings to see if funds maintained or reversed their trades. Investors will also look toward Copart's next earnings report scheduled for November 19, 2026, for updated financial metrics.