Director Thomas Tryforos has executed a significant stock sale of Copart Inc (CPRT, Financial) shares, according to a recent SEC filing. On March 13, 2024, the insider sold 285,000 shares of the company at a market price of $55.27 per share. This transaction has altered the insider's holdings in the company, as reflected in the filing.
Copart Inc is a global provider of online vehicle auction and remarketing services to automotive resellers. The company operates through a network of facilities where it auctions salvage and clean title vehicles to a diverse group of buyers including dismantlers, rebuilders, used vehicle dealers, and exporters.
Thomas Tryforos has a history of stock transactions in the company over the past year, with a total of 428,100 shares sold and no shares purchased.
The insider transaction history for Copart Inc shows a pattern of insider sales, with 13 insider sells and no insider buys over the past year.
Shares of Copart Inc were trading at $55.27 on the day of the insider's recent sale, giving the company a market capitalization of $54.317 billion. The price-earnings ratio stands at 40.64, which is above both the industry median of 17.585 and the company's historical median price-earnings ratio.
The stock's valuation, when compared to the GuruFocus Value (GF Value) of $47.43, results in a price-to-GF-Value ratio of 1.17, indicating that Copart Inc is modestly overvalued.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
