Switch to:
Copart Inc (NAS:CPRT)
Shares Outstanding
132 Mil (As of Oct. 2014)

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Copart Inc's shares outstanding for the quarter that ended in Oct. 2014 was 132 Mil.

Copart Inc's quarterly shares outstanding declined from Jul. 2014 (132 Mil) to Oct. 2014 (132 Mil). It means Copart Inc bought back shares from Jul. 2014 to Oct. 2014 .

Copart Inc's annual shares outstanding increased from Jul. 2013 (130 Mil) to Jul. 2014 (131 Mil). It means Copart Inc issued new shares from Jul. 2013 to Jul. 2014 .


Definition

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.


Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

If a company buys back shares, we should also observe negative number for Net Issuance of Stock in its cash flow statement. If a company issues shares, we will observe positive number of Net Issuance of Stock.


Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Related Terms

Net Issuance of Stock, Buy Back Rate


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Copart Inc Annual Data

Jul05Jul06Jul07Jul08Jul09Jul10Jul11Jul12Jul13Jul14
Shares Outstanding 186186187180170170153131130131

Copart Inc Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
Shares Outstanding 130128130131131131131131132132
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK