The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

StocksUpdated×2•Originally published 16 April 2026•Updated 17 April 2026•

1 min read

Assetmark Boosts Stake in Copart Despite Recent Quarterly Earnings Miss

An illustration of a global supply chain with factories, labs, and shipping containers on a world map, showing warning signs, red lights, and text 'production' and 'توقف' (stop).

Key Facts

1Assetmark Inc. increased its stake in Copart by 7.3% in Q4, bringing its total holding value to approximately $19.86 million.

2Copart reported quarterly earnings and revenue misses, with $0.36 EPS against an expected $0.39.

about 2 months ago

Version History

Version 2about 2 months ago

What changed: Added information regarding Assetmark Inc. reducing its stake in Chipotle Mexican Grill (CMG) by 31.3% during the fourth quarter.

Version 1about 2 months ago

What changed: Added details regarding Assetmark Inc. increasing its stake in the First Trust Growth Strength ETF (FTGS) by 5.9%.

Assetmark Inc. increased its stake in Copart, Inc. by 7.3% during the fourth quarter to a total value of $19.86 million, despite the company reporting an EPS of $0.36, missing estimates. Alongside this move, Assetmark expanded its holdings in the First Trust Growth Strength ETF (FTGS) by 5.9%, bringing its total to 354,154 shares. Conversely, the institutional investor significantly reduced its exposure to Chipotle Mexican Grill, Inc. (CMG), slashing its position by 31.3%. During the quarter, Assetmark sold 156,180 shares of CMG, leaving it with a remaining balance of 342,270 shares. These adjustments highlight a strategic portfolio rebalancing, favoring industrial services and ETFs while trimming positions in the consumer discretionary sector. Market analysts are noting this divergence in institutional conviction across different asset classes.