Aoris International Fund Exited Its Stake in Copart (CPRT)

Aoris Investment Management, a specialist international equity manager, released its “Aoris International Fund” Q2 2025 investor letter. A copy of the letter can be downloaded here. International equity markets, represented by the MSCI AC World Accumulation Index ex Australia, rose by 6.0% in AUD for the June quarter. In local currencies, gains were 9.3%, but currency fluctuations reduced the AUD return by 3.3%. In the June quarter, Portfolio’s Class A (Unhedged) returned 8.2% after fees compared to a 6.0% return for the benchmark. The fund’s Class C (Hedged) returned 10.1% compared to a 9.3% return for the benchmark. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its second-quarter 2025 investor letter, Aoris International Fund highlighted stocks such as Copart, Inc. (NASDAQ:CPRT). Copart, Inc. (NASDAQ:CPRT) is an online auction and vehicle remarketing services company. The one-month return of Copart, Inc. (NASDAQ:CPRT) was 7.24%, and its shares lost 7.23% of their value over the last 52 weeks. On August 27, 2025, Copart, Inc. (NASDAQ:CPRT) stock closed at $48.61 per share, with a market capitalization of $47.003 billion.

Aoris International Fund stated the following regarding Copart, Inc. (NASDAQ:CPRT) in its second quarter 2025 investor letter:

“Copart, Inc. (NASDAQ:CPRT) operates an online auction site, primarily to serve US auto insurers disposing of damaged vehicles deemed too expensive to repair. Growth in the March quarter was disappointing, with the volume of cars auctioned on behalf of US insurers flat compared to a year earlier.

It appears two factors are at work.

The proportion of cars that are uninsured has risen rapidly in the last four years, from 11% to 15.5%, reflecting the sharp increase in the cost of insurance. At least for the time being, this has shrunk Copart’s addressable market.

Copart’s only competitor, IAA Inc, appears to be improving its effectiveness under new ownership, regaining some of the market share it lost to Copart in recent years…” (Click here to read the full text)

Why Copart Inc. (CPRT) Crashed On Friday

Copart, Inc. (NASDAQ:CPRT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 61 hedge fund portfolios held Copart, Inc. (NASDAQ:CPRT) at the end of the second quarter, which was 57 in the previous quarter. While we acknowledge the risk and potential of Copart, Inc. (NASDAQ:CPRT) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Copart, Inc. (NASDAQ:CPRT) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Copart, Inc. (NASDAQ:CPRT) and shared the list of best stocks to buy according to Brasada Capital Management. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. This article is originally published at Insider Monkey.