Copart Inc . (NASDAQ:CPRT), a $54 billion market cap company with an "GREAT" financial health rating according to InvestingPro, saw Director Daniel J. Englander recently sell a significant amount of company stock, according to a recent SEC filing. Englander executed two major transactions, selling a total of 320,000 shares for approximately $18.21 million. The sales occurred on January 3 and January 6, with share prices ranging from $56.84 to $57.10. The company currently trades at a P/E ratio of 38.7x and has demonstrated strong profitability with a 45.6% gross margin.
Prior to these sales, Englander exercised stock options to acquire the same number of shares at a price of $4.91 each. Following these transactions, Englander no longer holds any shares of Copart directly. These transactions were part of a series of option exercises and subsequent stock sales, reflecting strategic financial decisions by the director. For deeper insights into insider trading patterns and comprehensive analysis, access the full Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
In other recent news, Copart, Inc. reported a robust start to Fiscal 2025 with significant growth in unit sales and revenue. The company's global unit sales and inventory rose by 12% and 6% respectively, while U.S. business unit growth was at 11%, accompanied by a 12% increase in insurance unit volume. Global revenue reached $1.15 billion, a 12% increase, with service revenue going up by 15%. In other developments, Copart shareholders approved executive pay and re-elected board members at the recent annual meeting.
The company also demonstrated operational resilience by successfully managing vehicle processing during hurricanes Helane and Milton, selling about a quarter of all assigned vehicles by the end of October. Copart is making strategic investments in physical capacity, technology, logistics, and Title Express services, and maintains a strong financial position with $246 million in free cash flow and over $4.9 billion in liquidity. Internationally, the business unit growth was nearly 16%, with international average selling prices (ASPs) up by nearly 7%. CEO Jeff Liao and CFO Leah Stearns projected ongoing organic industry growth and significant growth in specialty equipment gross transaction value in the near term.
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