Copart, Inc. Announces A 2-For-1 Stock Split
Portfolio Pulse from Happy Mohamed
Copart, Inc. (NASDAQ:CPRT) has announced a two-for-one split of its common stock, which will increase the number of shares outstanding from approximately 480.0 million to 960.0 million. The additional shares will be distributed after trading on August 21, 2023, to stockholders of record on August 14, 2023. Adjustments will be made to shares under Copart's equity incentive plans and the number of shares authorized for repurchase under its share repurchase program.
August 04, 2023 | 8:14 pm
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Copart's 2-for-1 stock split will double the number of shares outstanding. This could potentially make the stock more affordable to small investors, potentially increasing demand and liquidity.
Stock splits often make shares more affordable to small investors, which can increase demand for the stock. Additionally, the increase in the number of shares outstanding can improve liquidity, making it easier for investors to buy and sell the stock. However, the impact on the stock's price is not guaranteed.
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