Chair Johnson Sells $5.02 Million of Indirectly Held Copart Shares
December 7, 2023
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Chair Johnson has recently sold the $5.02 Million worth of shares he indirectly holds, according to Copart ($NASDAQ:CPRT). Copart is an online vehicle auction company located in the United States. It is an online leader in the salvage and insurance auto auctions industry, offering services to process and sell salvage and clean title vehicles to auto dealers, dismantlers, rebuilders, exporters, and related buyers. The company’s stock trades on the NASDAQ under the symbol CPRT.
The sale by Chair Johnson of his indirectly held Copart shares is just one of many transactions that have been made in the stock market in recent weeks, as investors take advantage of the strong financial performance of the company. With its solid performance over the past year, Copart has become a successful investment for many investors.
Price History
This sale took place as the stock opened at $49.0 and closed the same day at $47.7, resulting in a 2.2% decrease from its previous closing price of $48.8. This sale was done to bolster his portfolio and take advantage of the share price fluctuations. Copart_Shares”>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Copart. More…
| Total Revenues | Net Income | Net Margin |
| 4k | 1.32k | 33.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Copart. More…
| Operations | Investing | Financing |
| 1.43k | -504.25 | 73.26 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Copart. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.33k | 897.15 | 6.68 |
Key Ratios Snapshot
Some of the financial key ratios for Copart are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.2% | 22.3% | 39.3% |
| FCF Margin | ROE | ROA |
| 22.6% | 15.8% | 13.4% |
Analysis
GoodWhale conducted an analysis of COPART‘s well-being and found them to be a ‘gorilla’ company. This means they have achieved stable and high revenue or earning growth due to their strong competitive advantage. We believe that this type of company would be attractive to both growth and value investors looking for a long-term investment opportunity. Our health score for COPART was also very impressive and rated 10/10 considering its cashflows and debt. This is a strong indicator of the company’s ability to sustain future operations even in times of crisis. The company is also strong in its assets, growth, and profitability but is not a good option for dividend investors. Overall, COPART presents a great investment opportunity for investors looking for long-term growth and a high health score. More…
Peers
Some of its competitors are Alpine Auto Brokers Inc, NowAuto Inc, and Vaksons Automobiles Ltd.
– Alpine Auto Brokers Inc ($OTCPK:ALTB)
Alpine Auto Brokers Inc is a publicly traded company with a market capitalization of 1.61 billion as of 2022. The company has a return on equity of 672.61%. Alpine Auto Brokers Inc is a car dealership that specializes in the sale of new and used vehicles. The company has a network of dealerships across the United States. Alpine Auto Brokers Inc also offers financing options for its customers.
– NowAuto Inc ($OTCPK:NWAU)
Vaksons Automobiles Ltd is an Indian company that manufactures and sells passenger cars, trucks, and buses. The company has a market cap of 167.28M as of 2022 and a Return on Equity of -0.15%. Vaksons Automobiles Ltd has been in business since 1967 and has its headquarters in New Delhi, India.
Summary
Investing in COPART is an attractive option for buyers, as the company has seen substantial growth in recent years. According to recent news, Chairman Johnson sold five million two hundred thousand dollars worth of shares he indirectly held in the company. Analysts recommend keeping an eye on COPART’s financial performance, as its revenue and profits have increased significantly over the past year and are expected to continue growing in the coming quarters.
Additionally, COPART’s enhanced customer service and cutting-edge technology have helped it gain a competitive edge over other companies in the industry. Investors should also consider the company’s strong cash flow and balance sheet as well as its ability to capitalize on new opportunities. All things considered, COPART is an excellent investment option for both short and long-term investors.
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