Top 5 Losers Today

3. Copart, Inc. (NASDAQ:CPRT)

Number of Hedge Fund Holders: 50

Shares of Copart, Inc. (NASDAQ:CPRT) slipped over two percent in pre-market trading Thursday after the online vehicle auction platform missed profit and sales expectations for its fiscal first quarter.

Copart, Inc. (NASDAQ:CPRT) reported adjusted earnings of 51 cents per share, down from 53 cents per share in the year-ago period and below the consensus of 56 cents per share. Revenue for the quarter rose 10.3 percent on a year-over-year basis to $893.4 million, while analysts were looking for $898.80 million.

Discussing the results, Copart, Inc. (NASDAQ:CPRT) blamed Hurricane Ian for hurting its operating results for the quarter. The company said it incurred additional costs of around $25 million as a result of the hurricane.

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