Renaissance Investment Management sold its Copart position
Renaissance Investment Management sold its stake in Copart, an online auction and vehicle remarketing services company.
The company’s market capitalization is $28.39 billion.
Copart’s shares closed at $30.74 on June 16, 2026, with a one-month return of -7.23% and a 52-week loss of 35.99%.
The sale followed a deterioration in fundamental factors, according to the firm’s Q1 2026 investor letter.