CoreCivic chief administrative officer Cole Carter sells $405,500 in stock

CoreCivic's Chief Administrative Officer, Cole Carter, recently sold 12,500 shares of the company's common stock on September 1, 2026 for a total of $405,500. The shares were traded at prices between $32.43 and $32.50. The sale occurred as CoreCivic's stock was trading close to $32.72, with a 74% increase year-to-date. InvestingPro analysis indicates that the company may be overvalued at present, with a P/E ratio of 25.9 and a market capitalization of $3.21 billion.

The transaction was carried out under a previously approved Rule 10b5-1 trading plan by Mr. Carter. After the sale, he now owns 178,383 shares of CoreCivic common stock. For additional analysis, InvestingPro provides 11 ProTips and a detailed Pro Research Report on CoreCivic. CoreCivic also recently reported stronger-than-expected Q2 2026 earnings, with adjusted earnings per share of $0.38, beating analyst expectations of $0.33.

Revenue exceeded forecasts at $684.9 million compared to the estimated $615.79 million. The company announced a $500 million accelerated share repurchase agreement, part of its existing $755.8 million share buyback program, leaving about $255.8 million for future purchases. Recent facility sales have improved CoreCivic's liquidity and reduced debt, which have pleased investors and analysts.