Copart Reports First Quarter Fiscal 2016 Financial Results
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Copart (CPRT) Plans 7.3M Common Stock 'Dutch Auction' Tender
November 23, 2015 5:10 PM ESTCopart (NASDAQ: CPRT) announced that it expects to commence a modified Dutch Auction tender offer to purchase up to 7,317,073 shares of its common stock at a price per share not less than $38.00 and not greater than $41.00. The tender offer is expected to commence on November 24, 2015, and to expire on December 23, 2015, unless extended. The number of shares proposed to be purchased in the tender offer represents approximately 6.1% of Coparts currently outstanding common stock. Assuming 7,317,073 shares are repurchased at the maximum price of $41.00 per share in the tender offer, the Company will repurchase a total... More
Copart (CPRT) Misses Q1 EPS by 1c; Appoints New CEO
November 23, 2015 5:07 PM ESTCopart (NASDAQ: CPRT) reported Q1 EPS of $0.42, $0.01 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $288.8 million versus the consensus estimate of $290.22 million.
Copart also reported that Jeffrey Liaw has agreed to become Copart's Senior Vice President of Finance and Chief... More
