CPRT - Carl Sparks At Copart Acquires Stock Options | Benzinga
In a recent SEC filing, it was disclosed that Carl Sparks, Director at Copart (NASDAQ:CPRT), made a noteworthy acquisition of company stock options on December 12,.
What Happened: In a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday, Sparks, Director at Copart, acquired stock options for 14,084 shares of CPRT. These options provide Sparks with the right to purchase the company's stock at $47.39 per share.
Copart shares are trading up 0.38% at $49.56 at the time of this writing on Wednesday morning. Since the current price is $49.56, this makes Sparks's 14,084 shares worth $30,562.
Unveiling the Story Behind Copart
Based in Dallas, Copart operates an online salvage vehicle auction with operations in 11 countries across North America, Europe, and the Middle East, facilitating over 3.5 million transactions annually. The company utilizes its virtual bidding platform, VB3, to connect vehicle sellers with over 750,000 registered buyers around the world. Buyers primarily consist of vehicle dismantlers, rebuilders, individuals and used vehicle retailers. About 80% of Copart's vehicle volume is supplied by auto insurance companies holding vehicles deemed a total loss. Copart also offers services such as vehicle transportation, storage, title transfer, and salvage value estimation. The company primarily operates on a consignment basis and collects fees based on ...