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Copart launches 2-for-1 stock split

Aug. 04, 2023 4:26 PM ETCopart, Inc. (CPRT)By: Ahmed Farhath, SA News Editor9 Comments
  • 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.

  • Press Release.

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Comments (9)

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Josh Borenstein profile picture
Start paying a dividend instead.
Doesn't seem necessary since it's not even triple digits.
04 Aug. 2023
@Disciple5 It’s what used to be the norm. Smart ‘marketing’ move in most cases.
@GLV can you help to share further clarification by 'marketing'
Agree. I love this company but this is a waste of time and money.
John McCoy profile picture

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