Shares of Copart (NASDAQ: CPRT), which runs online auctions for automobiles approaching (or at) their end of life, including for spare parts, slumped 4.1% through 2 p.m. ET Friday despite the company reporting better than expected earnings in its fiscal fourth-quarter 2025 report last night.

Heading into earnings, analysts forecast Copart to earn $0.36 per share on $1.14 billion in sales for the quarter ended July 31. The company actually earned $0.41 per share, albeit sales were only $1.13 billion.

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Source Fool.com