Copart Inc

CPRT is entrenched in a Stage 4 Decline after decisively breaking below its 50-day SMA and key horizontal support on heavy volume, confirming a bearish medium-term bias. Short-term conditions remain unfavorable with price extending below declining 9/20 EMAs and oversold RSI failing to show bullish divergence. Execution posture is Sell Now to participate in continued downside, while monitoring for a potential relief bounce into broken EMAs.

• ↑Q3 revenue +2.1% to $1.24 B; gross profit +3.7% to $572.6 M
• ↑US insurance ASPs up 4.6% YoY; total loss frequency at 23.6%
• ↓US insurance unit volume down 4.2% YoY, weakening auction supply