NasdaqGS:CPRTCommercial Services
Copart Credit Facility Expands Flexibility For Growth And Shareholder Returns
Copart has secured a new $1.25b unsecured senior revolving credit facility.
The facility is intended to support acquisitions, capital spending, share repurchases, and international expansion.
This new credit line provides additional financial flexibility alongside Copart’s existing resources.
For investors watching Copart (NasdaqGS:CPRT), the new facility arrives with the stock trading at $40.35. Over the past week, the share price return is 3.6%, with a 6.8% return year to date and a 16.5%...