Copart, Inc. (NASDAQ: CPRT)

DEFENDANT NAME: Copart, Inc.
STOCK SYMBOL: NASDAQ: CPRT
CASE NUMBER:
CASE NAME:
COURT:
PRACTICE AREA: Investor Fraud
STATUS: Investigation
CLASS PERIOD:
LEAD PLAINTIFF DEADLINE:
DATE FILED:
COURT LOCATION:
RELATED DOCUMENTS:
CONTACT:
510-725-3000 CPRT@hbsslaw.com

Hagens Berman Sobol Shapiro LLP alerts investors in Copart, Inc. (NASDAQ: CPRT) to the firm's investigation into possible disclosure violations.

If you purchased or otherwise acquired securities of CPRT between May 1, 2018 and September 27, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more infomation contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing CPRT@hbsslaw.com.

On September 19, 2018, Copart and management reported disappointing Q4 2018 results and blamed the results in part on abnormal costs of $79.9 million incurred as a result of Hurricane Harvey.

This news drove the price of Copart shares down $8.59, or over 13%, to close at $55.58 that day.

“We’re focused on investors’ losses, whether the Harvey-related costs were incurred in prior quarters, whether these and other statements misled investors, and the timing of certain insider sales,” said Hagens Berman partner Reed Kathrein.


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10/08/18: Investigation