Insider Sell: Cole Carter, EVP, General Counsel, Secretary of CoreCivic Inc (CXW), Sells 8,000 Shares

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2 days ago
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On January 2, 2025, Cole Carter, Executive Vice President, General Counsel, and Secretary of CoreCivic Inc (CXW, Financial), executed a sale of 8,000 shares of the company. Following this transaction, the insider now holds 183,847 shares of CoreCivic Inc. CoreCivic Inc (CXW) is a diversified government solutions company with a focus on providing corrections and detention management services. The company operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. CoreCivic Safety is a national leader in high-quality corrections and detention management services for government agencies. CoreCivic Community provides a growing network of residential reentry centers to help tackle America’s recidivism crisis. CoreCivic Properties offers a wide range of innovative, cost-saving government real estate solutions. The insider transaction history for CoreCivic Inc indicates that there have been no insider buys over the past year, while there have been 29 insider sells during the same period. Over the past year, Cole Carter, has sold a total of 40,000 shares and has not purchased any shares.

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On the day of the recent sale, shares of CoreCivic Inc were trading at $21.77, giving the stock a market cap of $2.450 billion. The company's price-earnings ratio stands at 33.16, which is higher than the industry median of 17.265 and also higher than the company’s historical median price-earnings ratio. With a trading price of $21.77 and a GF Value of $12.65, CoreCivic Inc has a price-to-GF-Value ratio of 1.72, indicating that the stock is significantly overvalued based on its GF Value.

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The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on three factors: historical multiples (such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow), a GuruFocus adjustment factor based on the company’s past returns and growth, and future estimates of business performance from Morningstar analysts.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.