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 Video: What is a Stock Split?
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| Copart, Inc. is a provider of online auctions and vehicle remarketing services. Co. offers services to process and sell vehicles to dealers, dismantlers, rebuilders, exporters and to the general public. It sells vehicles on behalf of insurance companies, banks, finance companies, charities, fleet operators, dealers, vehicle rental companies, and individuals. It has approximately 250,000 vehicles available online every day with operations at over 200 locations in 11 countries, including the U.S., Canada, the United Kingdom, Brazil, the Republic of Ireland, Germany, Finland, the United Arab Emirates, Oman, Bahrain and Spain. According to our Copart stock split history records, Copart has had 7 splits. | |
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Copart (CPRT) has 7 splits in our Copart stock split history database. The first split for CPRT took place on January 29, 1999. This was a 2 for 1
split, meaning for each share of CPRT owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. CPRT's second split took place on January 25, 2000. This was a 2 for 1
split, meaning for each share of CPRT owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. CPRT's third split took place on January 22, 2002. This was a 3 for 2 split, meaning for each 2 shares of CPRT owned pre-split, the shareholder now owned 3 shares. For example, a 4000 share position pre-split, became a 6000 share position following the split. CPRT's 4th split took place on March 29, 2012. This was a 2 for 1 split, meaning for each share of CPRT owned pre-split, the shareholder now owned 2 shares. For example, a 6000 share position pre-split, became a 12000 share position following the split. CPRT's 5th split took place on April 11, 2017. This was a 2 for 1 split, meaning for each share of CPRT owned pre-split, the shareholder now owned 2 shares. For example, a 12000 share position pre-split, became a 24000 share position following the split. CPRT's 6th split took place on November 04, 2022. This was a 2 for 1 split, meaning for each share of CPRT owned pre-split, the shareholder now owned 2 shares. For example, a 24000 share position pre-split, became a 48000 share position following the split. CPRT's 7th split took place on August 22, 2023. This was a 2 for 1 split, meaning for each share of CPRT owned pre-split, the shareholder now owned 2 shares. For example, a 48000 share position pre-split, became a 96000 share position following the split.
When a company such as Copart splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the Copart stock split history from start to finish, an original position size of 1000 shares would have turned into 96000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Copart shares, starting with a $10,000 purchase of CPRT, presented on a split-history-adjusted basis factoring in the complete Copart stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
05/19/2015 |
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| End date: |
05/16/2025 |
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| Start price/share: |
$4.46 |
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| End price/share: |
$63.84 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
1,331.39% |
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| Average Annual Total Return: |
30.49% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$143,143.72 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 01/29/1999 | 2 for 1
| | 01/25/2000 | 2 for 1
| | 01/22/2002 | 3 for 2 | | 03/29/2012 | 2 for 1 | | 04/11/2017 | 2 for 1 | | 11/04/2022 | 2 for 1 | | 08/22/2023 | 2 for 1 |
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