Executive Chairman Adair Jayson sells 500,000 CPRT shares for $31.9M at $63.71 blended average
Adair Jayson, Executive Chairman of Copart, executed 2 separate sales totaling 500,000 shares for $31,855,227.68 over two consecutive trading days (2024-11-26 and 2024-11-27) at a blended average price of $63.71, reducing his holdings from 14.69M to 14.19M shares (-3.4%). The sales occur near the 52-week high of $63.80, with the stock up +21.2% over the prior 30 days and +19.7% over 90 days. Notably, Jayson's prior 2 sales at this ticker (2024-03-28 and 2023-07-07) were both well-timed at the 90-day mark, showing negative subsequent returns of -3.5% and -50.0% respectively, suggesting a pattern of selling into strength. His broader cross-ticker track record shows a 100% well-timed rate on 2 prior sells with -26.8% average 30-day return and -27.8% average 90-day return, indicating consistent success in executing sales before downturns. The current valuation reflects a P/E of 43.72 on strong fundamentals (Q revenue $1.1B, net income $362.1M, +9.5% annual growth) with a $61.1B market cap.