Copart launches 2-for-1 stock split

• 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.

Comments

[Josh Borenstein]

Start paying a dividend instead.

[Disciple5]

Doesn't seem necessary since it's not even triple digits.

[GLV]

@Disciple5 It’s what used to be the norm. Smart ‘marketing’ move in most cases.

[PleaseAdvice]

@GLV can you help to share further clarification by 'marketing'

[dstb]

@Disciple5
Agree. I love this company but this is a waste of time and money.

[John McCoy]

Nice!