Argent Capital Management sold 1,262,984 shares of Copart, totaling $59.52 million, representing 1.6% of their AUM for the period. The firm now holds 162,339 Copart shares valued at $7.3 million as of September 30, 2025, making it 0.2% of AUM and outside the top five holdings.

The reduction in Copart stake by Argent now accounts for 0.2% of their AUM as of Q3 2025. Copart shares were priced at $44.07 on October 13, 2025, down 20% over the past year, underperforming the S&P 500 by 36 percentage points over the same period.

Copart provides online auctions and vehicle remarketing services globally, generating revenue through transaction fees and value-added offerings. The company serves various clients in the automotive industry seeking efficient vehicle acquisition or disposal solutions.

Argent Capital Management significantly reduced its Copart position, causing concern among shareholders due to Copart’s underwhelming performance this year. Despite the potential for disruption, Copart still trades at 28 times earnings, indicating a mature company valuation.

Read more at Nasdaq: Argent Capital Managment Dumps $60 Million Worth of Copart (NASDAQ: CPRT) Shares: Is the Stock a Sell?