Copart (NASDAQ:CPRT) said Friday its board has approved a two-for-one split of its common stock.
The stock split will be effected as a stock dividend entitling each stockholder of record to receive one additional share of common stock for every one share owned.
Additional shares issued as a result of the stock dividend will be distributed after close of trading on August 21, 2023, to stockholders of record on August 14, 2023.
The stock split will increase the number shares outstanding from about 480 million shares to about 960 million shares.
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