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M&T Bank Corp Sells 51,714 Shares of Copart, Inc. $CPRT
M&T Bank Corp significantly reduced its stake in Copart, Inc. by 76.2% in the fourth quarter, selling 51,714 shares and retaining 16,190 shares valued at $634,000. Additionally, Copart CEO Jeffrey Liaw sold 26,213 shares for approximately $869,747, reducing his position by 24.79%. The company recently missed quarterly earnings and revenue estimates, reporting EPS of $0.36 versus an expected $0.39, and revenue of $1.12 billion against a $1.15 billion estimate.