Argent Capital Administration LLC pared its holding in Copart (CPRT 1.59%) by 1,262,984 shares throughout Q3 2025, an estimated $59.52 million commerce based mostly on the common value for the quarter, in response to an SEC submitting dated October 14, 2025.
What occurred
In response to its Kind 13-F filed with the Securities and Change Fee on October 14, 2025 (see submitting), the agency lowered its Copart place by 1,262,984 shares throughout Q3 2025.
The estimated worth of the shares offered, calculated utilizing the interval’s common closing value, was $59.52 million. The fund reported a remaining place of 162,339 shares at quarter-end.
What else to know
This was a discount within the Copart stake, which now represents 0.2% of the agency’s 13F reportable property underneath administration as of Q3 2025.
Argent’s prime holdings after the submitting:
- Microsoft: $251.95 million (6.9% of AUM as of 2025-09-30)
- Nvidia: $237.98 million (6.5% of AUM as of 2025-09-30)
- Amazon: $213.08 million (5.8% of AUM as of 2025-09-30)
- Alphabet: $194.75 million (5.3% of AUM as of 2025-09-30)
- Mastercard: $126.28 million (3.5% of AUM as of 2025-09-30)
As of October 13, 2025, Copart shares have been priced at $44.07, down 20% over the one-year interval ending October 13, 2025, underperforming the S&P 500 by 36 share factors over the identical time.
Firm Overview
MetricValueMarket Capitalization$43.41 billionRevenue (TTM)$4.65 billionNet Revenue (TTM)$1.55 billionPrice (as of market shut 2025-10-13)$44.07
Firm Snapshot
Copart supplies on-line auctions and automobile remarketing providers, together with digital bidding, salvage estimation, and end-of-life automobile processing throughout North America, Europe, and choose worldwide markets.
It operates a digital market facilitating the sale and buy of autos, producing income via transaction charges, service prices, and value-added choices reminiscent of automobile transportation and title processing.
The corporate serves insurance coverage firms, banks, fleet operators, dealerships, automobile dismantlers, exporters, and particular person patrons in search of to accumulate or eliminate autos effectively.
Copart, Inc. supplies on-line auctions and automobile remarketing providers internationally, leveraging superior digital public sale know-how to attach sellers and patrons of autos throughout a number of continents. With a scalable digital platform and a complete suite of remarketing and logistics providers, Copart permits environment friendly disposition of autos for institutional and particular person shoppers alike.
Silly take
Whereas Argent Capital Administration nonetheless holds a couple of shares of Copart, the agency all however offered out of its place, decreasing its portfolio allocation within the inventory from 2% to 0.2%.
Because the inventory gave the impression to be a longer-term holding for Argent, this appears mildly worrisome to Copart shareholders — myself included.
Although it is unimaginable to know what precisely prompted the agency to almost liquidate its holdings within the firm, Copart’s outcomes have been underwhelming this 12 months, inflicting its barely costly inventory to slip 30% from its excessive.
After rising gross sales by 15% yearly over the past decade, Copart’s income progress slid to 13%, 7%, and at last 5% over the earlier three quarters.
Finally, I will should disagree with Argent on Copart as I consider the corporate has a large moat round its operations that may make it exhausting to disrupt.
That stated, Copart nonetheless trades at 28 instances earnings, even after this 12 months’s drop, so Argent might have merely thought it had grown past its valuation as a extra mature firm.
Glossary
13F reportable AUM: Property underneath administration that should be disclosed by institutional funding managers in quarterly SEC Kind 13F filings.
Kind 13-F: A quarterly SEC submitting by institutional funding managers itemizing their U.S. fairness holdings.
Quarter (Q3 2025): The third three-month interval of an organization’s fiscal 12 months, right here referring to July–September 2025.
Transaction worth: The whole greenback quantity generated by a selected purchase or promote commerce.
Stake: The possession curiosity or funding a fund or particular person holds in a specific firm.
Property underneath administration (AUM): The whole market worth of investments managed on behalf of shoppers by a fund or agency.
Digital market: A web-based platform the place patrons and sellers conduct transactions for items or providers, reminiscent of autos.
Automobile remarketing: The method of reselling used or end-of-lease autos, typically via auctions or specialised platforms.
Salvage estimation: The method of assessing the worth of broken or end-of-life autos for resale or components.
Finish-of-life automobile processing: Dealing with and disposing of autos which can be not operational, typically for recycling or components.
Worth-added choices: Further providers offered past fundamental transactions, reminiscent of transportation or title processing, to boost buyer worth.
TTM: The 12-month interval ending with the newest quarterly report.
Josh Kohn-Lindquist has positions in Alphabet, Copart, Mastercard, and Nvidia. The Motley Idiot has positions in and recommends Alphabet, Amazon, Copart, Mastercard, Microsoft, and Nvidia. The Motley Idiot recommends the next choices: lengthy January 2026 $395 calls on Microsoft and brief January 2026 $405 calls on Microsoft. The Motley Idiot has a disclosure coverage.
