Aoris International Fund Sold Copart (CPRT) in Q3
Aoris Investment Management, a specialist international equity manager, released its “Aoris International Fund” Q3 2025 investor letter. A copy of the letter can be downloaded here. Global equity markets, represented by the MSCI AC World Accumulation Index ex Australia, rose by 6.5% in AUD for the September quarter. In local currencies, gains were 8.0%, but currency fluctuations reduced the AUD return by 1.5%. In the quarter, Portfolio’s Class A (Unhedged) returned -2.6% after fees compared to a 6.5% return for the benchmark. The fund’s Class C (Hedged) declined by 1.0% compared to an 8.0% return for the benchmark. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.
In its third-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 -3.71%, and its shares lost 32.63% of their value over the last 52 weeks. On December 18, 2025, Copart, Inc. (NASDAQ:CPRT) stock closed at $39.22 per share, with a market capitalization of $37.966 billion.
Aoris International Fund stated the following regarding Copart, Inc. (NASDAQ:CPRT) in its third quarter 2025 investor letter:
"Copart, Inc. (NASDAQ:CPRT) provides an auction service primarily to US auto insurers looking to sell vehicles deemed too expensive to repair. The company has a single competitor of note: IAA Inc. After many years of losing share to Copart, IAA has in the last year improved its operating performance and regained some market share. This caused us to question Copart’s competitive strengths, as well as its long-term growth and earnings prospects, and we sold it from the portfolio in early July."
Copart, Inc. (NASDAQ:CPRT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 59 hedge fund portfolios held Copart, Inc. (NASDAQ:CPRT) at the end of the third quarter, compared to 61 in the previous quarter. While we acknowledge the potential of Copart, Inc. (NASDAQ:CPRT) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on thebest short-term AI stock.
In another article, we covered Copart, Inc. (NASDAQ:CPRT) and shared the list of most oversold S&P 500 stocks heading into 2026. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.
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