Madison Investments released its second-quarter 2025 investor letter for the Madison Large Cap Fund, reporting a 3.1% increase for Class Y compared to the S&P 500 index’s gain of 10.9%. The fund’s top five holdings for 2025 are highlighted in the letter for investors to review.

In the investor letter, Copart, Inc. (NASDAQ:CPRT) was mentioned as one of the stocks in the Madison Large Cap Fund. Copart, Inc. (NASDAQ:CPRT) is an online auction and vehicle remarketing services company, with a one-month return of -3.54% and shares closing at $46.03 per share on July 21, 2025.

Madison Large Cap Fund addressed Copart, Inc. (NASDAQ:CPRT) in its second quarter 2025 investor letter, noting the stock’s lag in the market due to temporary factors affecting volume growth. The stock experienced a decline from an elevated valuation multiple, impacting its performance.

Copart, Inc. (NASDAQ:CPRT) was not among the 30 Most Popular Stocks Among Hedge Funds in the first quarter of 2025, despite being held by 57 hedge fund portfolios. While acknowledging its potential, some investors see greater upside potential in certain AI stocks with less downside risk.

For more insights on Copart, Inc. (NASDAQ:CPRT), investors can explore additional articles covering the company and views from Wedgewood Partners. Access hedge fund investor letters from the second quarter of 2025 for more perspectives from leading investors in the market.

Read more at Yahoo Finance: Here’s Why Copart (CPRT) Lagged the Market