Copart (CPRT) shares rose 6.0% on Monday, November 2, 2026, while the S&P 500 fell 0.5%, with no company announcements, earnings reports, or filings around the move. All four peers tracked for Copart also advanced that session: LKQ rose 7.4%, RB Global 4.2%, while CarMax and AutoNation gained less, and the industrials fund XLI rose 1.4%. Management said repair costs are up more than 50% from 2019 levels, pushing total loss frequency to 23.3% in the calendar second quarter of 2026, the highest second quarter on record, and expects the rate to keep rising. The stock fell 24.8% from October 30, 2025 to November 2, 2026, while the S&P 500 returned 11.8%, though Copart gained 17.3% over the past month against a 2.3% loss for the index, and trades at 6.3 times trailing sales versus 3.3 times for the S&P 500. The fiscal first quarter 2027 report, expected in November 2026, will be the first since Copart completed its purchase of ACV Auctions on October 16, 2026, with operating cost per car, up 12.7% year over year in fiscal fourth quarter 2026, the metric to watch.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
mergers and acquisitionsinsurance
Open a keyword to see other news on the same topic.
Related news
- Ford Plans to Overtake Toyota in a Critical Business. Here's Why It Matters.
Ford’s certified pre-owned (CPO) sales rose 44% in the third quarter, and the automaker surpassed Toyota’s CPO volume for the first time, while the industry’s CPO sales fell 2.5% through August. Ford launched its dealer-led Ford Blue Advantage program in 2021, and about 70% of its 2,800 U.S. dealerships take part; the article says buyers of certified vehicles return to the brand more than half the time, versus about 30% for non-certified used cars. With Ford discontinuing the Escape and Lincoln Corsair, CPO sales fill a gap in entry-level options, and dealer certificates for each sale act as an incentive that can help lower new-vehicle prices. Ford is on track to exceed its 500,000 CPO sales target for 2027, which the article says would likely take Toyota’s top spot among certified sellers.
- Why Brown & Brown Stock Slumped by 5% Today
Brown & Brown's third-quarter revenue was almost $1.73 billion, up more than 7% from a year earlier but below the analyst average of $1.76 billion. GAAP net income rose almost 6% to $240 million, while adjusted earnings per share inched up nearly 2% to $1.07, short of the $1.09 consensus. The company cited a challenging rate environment of softening insurance premiums and said the Accession Risk Management Group acquisition, a $9.8 billion deal in 2025, helped results. Organic revenue, which excludes acquisitions, rose barely over 1% to $1.46 billion, pointing to weakness in the legacy business. The stock closed nearly 5% lower on Tuesday amid a broad investor sell-off.
- Bandhan Fin to explore health insurance foray post stabilisation of recent acquisitions : Chairman Ghosh
Bandhan Financial Services (BFSL) will explore health insurance opportunities once its recent acquisitions of IDFC Mutual Fund, IDFC Asset Management Company and Aegon Life Insurance stabilise, chairman Chandra Sekhar Ghosh told PTI. He said the immediate focus is consolidating existing businesses and did not give a timeline for entering health insurance. Ghosh said a composite licence would make it easier to enter the sector, which current Indian insurance law does not permit. The group is also looking at investment banking and wealth management, where it has no presence.
- Sumitomo Life targets acquisitions in South - east Asia , US
Sumitomo Life Insurance is considering acquisitions in South-east Asia and the US to expand and diversify its income, as its president Yukinori Takada says Japan's shrinking population limits growth at home. The insurer has set aside up to one trillion yen (US$6.3 billion) for investment under its mid-term plan through March 2029, and will use overseas units Singlife and Symetra to find targets. In South-east Asia it already holds minority stakes in Indonesia and Vietnam and wants to grow in Singapore, Thailand, Malaysia and the Philippines, with Income Insurance among the targets being considered; the goal is for Singlife to rank among Singapore's top three life insurers. In the US it prefers firms that complement Symetra rather than compete with it, and it is only studying India, cautious about regulatory and cultural hurdles. Takada also said Sumitomo Life expects the Bank of Japan to raise rates twice more and sees no AI investment bubble.
- Sumitomo Life CEO targets acquisitions in South - east Asia , US
Sumitomo Life Insurance is considering acquisitions in South-east Asia and the US as Japan’s shrinking population limits growth at home, president Yukinori Takada said. The company has set aside as much as one trillion yen (US$6.3 billion) for investment under its mid-term plan through March 2029, and will use its overseas units Singlife and Symetra Financial to look for targets. Singapore is a priority, with the goal of making Singlife one of the top three life insurers there, while Takada said the firm would avoid aggressive overseas growth and seek sustainable deals. Sumitomo Life expects the Bank of Japan to raise rates two more times, in December and April next year, and sees no AI investment bubble.
- Radian Group (RDN) Bought a Lloyd’s Insurer. Is It Still a Mortgage Stock?
Radian Group (RDN) closed at $33.75 on October 13 and has returned roughly -4% over six months. Radian long insured mortgage lenders against homebuyer defaults, but in February it paid $1.67 billion for Inigo, a specialty insurer operating at Lloyd's of London. Revenue grew 93.50% in the latest quarter, largely from the acquisition, yet earnings fell 18.30% and the operating margin of 31.63% trails the other mortgage insurers on the list. The article argues that Lloyd's specialty risks are less tied to the housing market, but the expertise to underwrite them came with the deal rather than from inside Radian. The stock trades at 6.31 times expected next-year earnings, the lowest forward multiple among the mortgage insurers on the list, and at 0.95 times book value.
Related markets
Latest news
- AMD Stock Surges After Hours As Q3 Sales Surge 45% On AI Boom, And Expectations For 80% Revenue Jump In 2027
AMD reported record third-quarter revenue of $13.4 billion, up 45% year-over-year, driven by strong demand for AI processors and data center chips. Data Center revenue reached $8.5 billion, up 97%, on demand for EPYC server CPUs and Instinct MI450 accelerators, and Microsoft, Meta, OpenAI, Anthropic and Oracle have deployed AMD's server solutions. Adjusted earnings per share rose 74% to $2.09, beating analysts' expectations of $13.1 billion in revenue and $1.97 per share. By contrast, Client and Gaming revenue fell 8% to $3.7 billion, with gaming down 40% to $773 million on lower semi-custom console orders, while industry memory chip shortages and rising component prices weighed on consumer PC demand. For Q4 2026, AMD expects revenue of about $17 billion, plus or minus 3%, a 66% year-over-year increase at the midpoint and above the average analyst projection of $16.3 billion; the company expects 2027 revenue to grow more than 80%.
- IPG Photonics Corporation Q3 2026 Earnings Call Summary
- GGL Resources Corp. Issues Post-Consolidation Shares to Strategic Metals Ltd.
GGL Resources Corp. (TSX-V: GGL) has issued 1,000,000 post-consolidation shares to Strategic Metals Ltd. under a Yukon copper-gold property transaction, subject to a hold period until February 22, 2027. The transaction was announced on July 27 and October 20, 2026. As part of Exchange acceptance, GGL completed a share consolidation of four (4) pre-consolidation shares for one (1) post-consolidation share. The Canadian junior explorer's McConnell Project in British Columbia hosts mesothermal gold veins and a porphyry copper-gold prospect.
- US tech stocks recover after selloff spooks investors over AI spending
US tech stocks recovered on Tuesday afternoon after a selloff over AI spending spooked investors: the Nasdaq rose 0.83% and the S&P 500 gained 0.37%, while the Dow fell 0.38% as Apple shares dropped 1.9% after it forecast a weaker-than-expected margin due to higher memory chip costs. Nvidia gained 2.3% after four sessions of declines, and AMD, Broadcom and Micron also rose. The Nasdaq posted its largest monthly decline since March 2025 in October and closed Monday in correction territory, 10% below its October 6 record close. Brent crude fell to $103 a barrel from $117 at the end of October, while investors predicted Democrats would win at least a House majority in Tuesday's midterm elections, which could lead to more AI regulation. Year-to-date, the S&P 500 is up 10%, the Nasdaq 9% and the Dow 7%.
- Montage Gold expects further resource growth at its Koné mine where the plant is already operating above nameplate
Montage Gold (TSX: MAU) said drilling results from its 2026 exploration program at the Koné mine in Côte d'Ivoire increase confidence in expanding resources at higher-grade satellite deposits, while new deposits are also being discovered. The mine poured its first gold on September 26, 2026, and commercial production is well on track to be declared in Q4-2026. In October, the plant processed approximately 880,000 tonnes from the oxide circuit, operating at an average of over 90% of its 11Mtpa nameplate capacity, with 104% achieved in the last week of October. The average processed head grade was 0.82 g/t Au with recovery of approximately 95%, yielding approximately 23,460 ounces over the month. Since the 2024 Feasibility Study, the company has drilled over 375,000 meters and delineated 12 deposits, compared with 2 in that study, while the higher-grade Gbongogo Main deposit is expected to ramp up in late Q4-2026.
- AI’s control over the bond market is growing — even rivaling war and elections
Hyperscalers have burned through their cash. Their bond deals are now helping fuel the economy.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.