CIBC Bancorp USA Inc. Acquires Shares of 159,174 Copart, Inc. $CPRT

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CIBC Bancorp USA Inc. has acquired a new position in Copart, Inc. (NASDAQ:CPRT), purchasing 159,174 shares worth approximately $7.16 million in the third quarter. This acquisition comes as Copart missed its quarterly earnings and revenue estimates and its stock is trading near its 12-month low. Despite insider selling by CEO Jeffrey Liaw, institutional investors maintain a significant ownership stake of 85.78% in the company.

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