Copart's Two-for-One Stock Split Set to Double Share Count

ZkProofPudding · 2025-12-31T08:59:16+00:00

Copart's Board approved a two-for-one stock split, doubling shares from 480 million to 960 million post-August 21, 2023. This enhances access for investors and reflects confidence in future growth, alongside necessary adjustments to equity plans and share repurchase programs.

ZkProofPudding

2025-12-31 08:59:16

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Copart (NASDAQ: CPRT) just got the green light from its Board of Directors for a two-for-one stock split. Here’s what that means: if you own one share of Copart stock, you’ll get one additional share for free.

The Timeline and Numbers

The distribution will go down after trading closes on August 21, 2023, for stockholders on record as of August 14, 2023. This stock split will roughly double the outstanding shares—jumping from approximately 480.0 million shares to around 960.0 million shares. No need to swap out your physical certificates; it’s all automated.

How This Affects Equity Plans

Copart will make necessary tweaks to awards under its equity incentive plans and adjust share reserves accordingly. The company’s share repurchase program will also see updated numbers to reflect the new share count.

What You Need to Know About Copart

Copart isn’t your typical company—it’s been running the world’s largest online vehicle auction platform since 1982. The platform connects sellers with over 750,000 members across 190+ countries. On any given day, you’ll find more than 250,000 vehicles listed for auction.

The company processes sales for a wide range of clients: insurance companies, banks, rental firms, dealers, dismantlers, and individual sellers. Copart’s presence spans 11 countries with 200+ operational locations, making it a genuine global force in the auto auction space.

Why does a stock split matter? It typically makes shares more accessible to a broader range of investors and can signal confidence in the company’s future growth trajectory.

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