CPRT - JAMES MEEKS Exhibits Confidence With An Acquisition Of Copart Stock Options | Benzinga
On December 12, MEEKS, Board Member at Copart (NASDAQ:CPRT), executed a strategic insider move by acquiring stock options for 14,084 shares.
What Happened: Uncovered in a Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission, MEEKS, Board Member at Copart, executed an insider options move. This move consisted of acquiring stock options for 14,084 shares of CPRT, granting MEEKS the right to purchase the company's stock at an exercise price of $47.39 per share.
The latest update on Wednesday morning shows Copart shares up by 0.32%, trading at $49.53. At this price, MEEKS's 14,084 shares are worth $30,132.
Get to Know Copart Better
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 ...