CPRT - Sell Alert: JAYSON ADAIR Cashes Out $34.66M In Copart Stock | Benzinga
Making a noteworthy insider sell on April 1, JAYSON ADAIR, Executive Chairman at Copart (NASDAQ:CPRT), is reported in the latest SEC filing.
What Happened: ADAIR's decision to sell 600,000 shares of Copart was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday. The total value of the sale is $34,662,000.
In the Tuesday's morning session, Copart's shares are currently trading at $57.51, experiencing a down of 0.96%.
About 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 the vehicle's final selling price.
Unraveling the Financial Story of Copart
Revenue Growth: Copart's revenue growth over a ...