Conestoga Capital Advisors released its second-quarter 2025 investor letter, reporting a 3.46% return for the Conestoga Mid Cap Composite. The Russell Mid Cap Growth Index returned 18.20%. Investor enthusiasm shifted to high-beta and AI stocks after the “Liberation Day” announcements, creating challenges for the Mid Cap Strategy. Copart, Inc. (NASDAQ:CPRT) had a one-month return of -4.85% and closed at $46.69 per share on July 25, 2025. The stock lost 8.54% of its value over the last 52 weeks. Conestoga Capital Advisors highlighted Copart, Inc. in its investor letter, attributing recent performance to softer than expected unit volume growth.

Copart, Inc. (NASDAQ:CPRT) experienced a sell-off after missing fiscal 3Q revenue estimates due to lower accident claims volume. This was caused by drivers reducing insurance coverage, impacting unit volume growth. The company remains a leading provider of salvage auctions in the U.S., Canada, and the UK. While 57 hedge fund portfolios held Copart, Inc. (NASDAQ:CPRT) at the end of the first quarter, the company is not among the 30 Most Popular Stocks Among Hedge Funds. Consider exploring other AI stocks with potentially greater upside and less downside risk.

Read more at Yahoo Finance: Copart (CPRT) Fell as It Missed Revenue Expectations