CPRT - Strategic Play: Diane Morefield Acquires Copart Stock Options to Portfolio | Benzinga
A notable acquisition unfolded on December 12, as Morefield, Director at Copart (NASDAQ:CPRT), reported the acquisition of stock options for 14,084 shares in an SEC filing.
What Happened: Revealed in a Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission, Morefield, Director at Copart, strategically acquired stock options for 14,084 shares of CPRT. These options empower Morefield to buy the company's stock at a favorable exercise price of $47.39 per share.
The latest update on Wednesday morning shows Copart shares up by 0.38%, trading at $49.56. At this price, Morefield's 14,084 shares are worth $30,562.
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 ...