13 Best Extremely Profitable Stocks to Invest in According to Hedge Funds

10. Copart, Inc. (NASDAQ:CPRT)

Number of Hedge Fund Holders: 59

On January 26, 2026, Copart, Inc. (NASDAQ:CPRT) strengthened its financial flexibility by announcing a new $1.25 billion unsecured senior revolving credit facility, signed on January 23, 2026. This replaces and fully repays the previous facility with options for two one-year extensions. With the agreement maturing on January 23, 2031, the company plans to advance its acquisitions, capital expenditures, share repurchases, and global expansion initiatives. Thanks to this agreement, the company now looks to capitalize on increased foreign-currency borrowing capacity and a discretionary incremental facility of up to $500 million.

Prior to its financing decision, the company experienced notable equity weakness. On January 2, 2026, Copart, Inc. (NASDAQ:CPRT)’s share price dropped to its 52-week low of $38.17, representing a 30.49% decline over the previous year. The decline reflects investor caution toward the auto-remarketing space amid broader market volatility. Even so, 60% of analysts continue to hold bullish ratings, with sell-side sentiment remaining moderately constructive.

With a consensus price target of $47.00, the stock boasts an upside potential of roughly 15.82%. This will contribute to the creation of longer-term value as market conditions stabilize, given that Copart’s scale, liquidity, and strategic flexibility remain supportive.

With a global online vehicle auction marketplace, Copart, Inc. (NASDAQ:CPRT) offers remarketing, inspection, logistics, and vehicle processing services to insurers, dealers, dismantlers, and exporters worldwide.