CPRT - STEPHEN FISHER Exhibits Confidence With An Acquisition Of Copart Stock Options | Benzinga
A notable acquisition unfolded on December 12, as FISHER, Director at Copart (NASDAQ:CPRT), reported the acquisition of stock options for 14,084 shares in an SEC filing.
What Happened: Disclosed in a Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission, FISHER, Director at Copart, made a strategic derivative acquisition. This involved acquiring stock options for 14,084 shares of CPRT, providing the right to buy the company's stock at an exercise price of $47.39 per share.
The Wednesday morning market activity shows Copart shares up by 0.38%, trading at $49.56. This implies a total value of $30,562 for FISHER's 14,084 shares.
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 and collects fees ...