Copart Inc (CPRT) Files Form 4 Insider Selling : A Jayson Adair Sells 200,000 Shares

Copart Inc (CPRT): A Jayson Adair , Chief Executive Officer of Copart Inc sold 200,000 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 26, 2016 to the Securities and Exchange Commission. The shares were sold at $53.58 per share for a total value of $10722607 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 26, 2016, William E Franklin (Executive Vice President) sold 100,000 shares at $52.95 per share price.On Sep 26, 2016, Matt Blunt (director) sold 65,000 shares at $53.38 per share price.Also, On Jul 15, 2016, Robert H. Vannuccini (Senior Vice President, Sales) sold 12,577 shares at $49.96 per share price.On Jul 6, 2016, Paul A Styer (Sr VP, Secretary, Gen Csl) sold 7,640 shares at $49.26 per share price.

Shares of Copart (CPRT) ended Thursday, Sep 22, 2016 session in red amid volatile trading. The shares closed down -0.63 points or -1.18% at $52.87 with 14,03,499 shares getting traded. Post opening the session at $54, the shares hit an intraday low of $52.84 and an intraday high of $54 and the price vacillated in this range throughout the day. The company has a market cap of $5,783 M and the number of outstanding shares has been calculated to be 10,93,82,384 shares. The 52-week high of Copart is $54.8499 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 Upgraded by BofA/Merrill to Buy and the brokerage firm has raised the Price Target to $ 63 from a previous price target of $52 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Sep 23, 2016.Copart is Downgraded by Barrington Research to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Sep 23, 2016.Copart is Initiated by Susquehanna to Neutral and the brokerage firm has set the Price Target at $53. The Rating was issued on Aug 26, 2016.Copart is Downgraded by Northcoast to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Aug 25, 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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