The EVP of Copart Inc is Exercising Options


Today it was reported that the EVP of Copart Inc (CPRT), William E. Franklin, exercised options to sell 100,000 CPRT shares at $13.30 a share, for a total transaction value of $7.14M.

Following William E. Franklin’s last CPRT Sell transaction on February 26, 2019, the stock climbed by 12.4%. In addition to William E. Franklin, one other CPRT executive reported Sell trades in the last month.

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Based on Copart Inc’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $553 million and quarterly net profit of $193 million. In comparison, last year the company earned revenue of $478 million and had a net profit of $127 million. CPRT’s market cap is $16.2B and the company has a P/E ratio of 31.39. Currently, Copart Inc has an average volume of 1.45M.

Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $75.00, reflecting a 5.2% upside.

The insider sentiment on Copart Inc has been negative according to 11 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Copart, Inc. engages in the provision of online auctions and vehicle remarketing services. It provides vehicle sellers with a full range of services to process and sell vehicles primarily over the internet through Virtual Bidding Third Generation Internet auction-style sales technology.

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