Copart Inc (CPRT): Steven D Cohan , director of Copart Inc sold 160,000 shares on May 27, 2016. The Insider selling transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were sold at $48.85 per share for a total value of $7,816,240.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 14, 2016, Paul A Styer (Sr VP, Secretary, Gen Csl) sold 2,000 shares at $41.96 per share price.On Apr 13, 2016, James E Meeks (director) sold 40,000 shares at $41.15 per share price.Also, On Jul 13, 2015, Vikrant Bhatia (SVP Strategic Initiatives) purchased 5,500 shares at $35.43 per share price.
Copart: On Friday, May 27, 2016 heightened volatility was witnessed in Copart which led to swings in the share price. The shares opened for trading at $48 and hit $49.14 on the upside , eventually ending the session at $48.87, with a gain of 1.54% or 0.74 points. The heightened volatility saw the trading volume jump to 14,88,151 shares. The 52-week high of the share price is $49.14 and the company has a market cap of $5,346 M . The 52-week low of the share price is at $32.26.
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 is Downgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 21, 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.