Copart Inc. gains sizable stakes from Edgestream Partners and Waverly Advisors

Edgestream Partners L.P. increased its holding in Copart Inc. by 39.6% during the first quarter, bringing its position to 342,469 shares worth about $11.37 million, according to its latest SEC Form 13F filing. In the same period, Waverly Advisors LLC raised its stake by 283.1%, ending the quarter with 194,768 shares valued at roughly $6.47 million. Both filings highlight a broader trend of institutional investors owning roughly 85.8% of Copart’s outstanding stock. Copart, a business‑services provider listed on NASDAQ, reported first‑quarter earnings of $0.43 per share, beating analyst expectations, with revenue of $1.24 billion and a market capitalization near $28 billion.