Copart Inc (CPRT) Files Form 4 Insider Selling : Paul A Styer Sells 8,101 Shares

Copart Inc (CPRT): Paul A Styer , Sr VP, Secretary, Gen Csl of Copart Inc sold 8,101 shares on Jun 23, 2016. The Insider selling transaction was reported by the company on Jun 24, 2016 to the Securities and Exchange Commission. The shares were sold at $49.27 per share for a total value of $399,120.88 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 21, 2016, Paul A Styer (Sr VP, Secretary, Gen Csl) sold 13,590 shares at $49.39 per share price.On Jun 1, 2016, Steven D Cohan (director) sold 160,000 shares at $48.85 per share price.Also, On Apr 13, 2016, James E Meeks (director) sold 40,000 shares at $41.15 per share price.On Jul 13, 2015, Vikrant Bhatia (SVP Strategic Initiatives) purchased 5,500 shares at $35.43 per share price.

Shares of Copart (CPRT) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -1.79 points or -3.62% at $47.64 with 14,24,732 shares getting traded. Post opening the session at $47.68, the shares hit an intraday low of $47.1101 and an intraday high of $48.49 and the price vacillated in this range throughout the day. The company has a market cap of $5,211 M and the number of outstanding shares has been calculated to be 10,93,82,384 shares. The 52-week high of Copart is $50.08 and the 52-week low is $32.26.

Copart Money Flow Index Chart

Company has been under the radar of several Street Analysts.Copart is Initiated by Gabelli & Co to Hold and the brokerage firm has set the Price Target at $46. The Rating was issued on Apr 5, 2016.

Copart Inc. is a provider of online auctions and vehicle remarketing services in the United States Canada the United Kingdom the United Arab Emirates Oman Bahrain and Brazil. The Company also provides vehicle remarketing services in Germany and Spain. It provides vehicle sellers with services to process and sell vehicles primarily over the Internet through its virtual bidding third generation Internet auction-style sales technology (VB3). It sells vehicles primarily to insurance companies and also to banks and financial institutions charities car dealerships fleet operators and vehicle rental companies. It sells the vehicles to licensed vehicle dismantlers rebuilders repair licensees used vehicle dealers and exporters and at certain locations to the general public. The Company that sells vehicles on behalf of insurance companies are either damaged vehicles deemed a total loss or not economically repairable by the insurance companies or are recovered stolen vehicles.

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