Insider Selling: CoreCivic (NYSE:CXW) CFO Sells $16,708.73 in Stock

Posted by Brenda Bartman on Aug 16th, 2026

CoreCivic, Inc. (NYSE:CXW – Get Free Report) CFO David Garfinkle sold 491 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $34.03, for a total transaction of $16,708.73. Following the completion of the sale, the chief financial officer owned 393,353 shares of the company’s stock, valued at $13,385,802.59. This trade represents a 0.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

David Garfinkle also recently made the following trade(s):

On Wednesday, August 12th, David Garfinkle sold 3,170 shares of CoreCivic stock. The shares were sold at an average price of $34.27, for a total transaction of $108,635.90.

CoreCivic Trading Up 3.5%

Shares of CoreCivic stock opened at $32.71 on Friday. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 26.17 and a beta of 0.58. CoreCivic, Inc. has a 52-week low of $15.73 and a 52-week high of $34.86. The company’s 50-day simple moving average is $30.30 and its 200-day simple moving average is $23.36. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.86.

CoreCivic announced that its Board of Directors has approved a share buyback plan on Monday, August 10th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire up to 15.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its position in shares of CoreCivic by 1.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 31,880 shares of the real estate investment trust’s stock valued at $603,000 after acquiring an additional 510 shares during the period. State of Wyoming boosted its stake in shares of CoreCivic by 3.1% during the 1st quarter. State of Wyoming now owns 22,172 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 659 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of CoreCivic by 33.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 702 shares during the period. Bessemer Group Inc. grew its holdings in shares of CoreCivic by 0.4% in the 1st quarter. Bessemer Group Inc. now owns 166,475 shares of the real estate investment trust’s stock worth $3,148,000 after acquiring an additional 742 shares during the period. Finally, Lazard Asset Management LLC increased its stake in CoreCivic by 10.4% in the 2nd quarter. Lazard Asset Management LLC now owns 10,595 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 1,002 shares in the last quarter. 85.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CXW has been the subject of a number of analyst reports. Benchmark increased their target price on CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. UBS Group set a $35.00 price target on CoreCivic in a research note on Tuesday, July 7th. Northland Securities set a $40.00 price objective on CoreCivic in a report on Friday, June 26th. Weiss Ratings upgraded CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Finally, Wall Street Zen raised CoreCivic from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $37.00.

Get Our Latest Report on CoreCivic

CoreCivic News Roundup

Here are the key news stories impacting CoreCivic this week:

Positive Sentiment: Noble Financial raised earnings forecasts: The firm lifted its Q3 2026 EPS estimate to $0.64 from $0.62, Q4 to $0.78 from $0.71, FY2026 to $2.70 from $2.61, and FY2027 to $3.62 from $3.19. Noble maintained an “Outperform” rating, indicating increased confidence in CoreCivic’s earnings outlook. Noble Financial increases CoreCivic earnings estimates
Positive Sentiment: $500 million buyback supports the stock: CoreCivic’s board authorized repurchases of up to approximately 15.7% of outstanding shares. The plan could boost future earnings per share, provide buying support and signal that management believes the stock is undervalued.
Positive Sentiment: Analyst sentiment remains favorable: CoreCivic has a reported consensus “Buy” rating and an average price target of $37. Benchmark recently raised its target to $45, reinforcing the potential for additional upside if the improved earnings outlook is delivered.
Neutral Sentiment: Valuation leaves less room for disappointment: The shares are trading near their 52-week high and above both their 50-day and 200-day moving averages. Investors may expect upcoming quarterly results to validate Noble’s higher forecasts, increasing the risk of volatility if results fall short.
Negative Sentiment: Multiple insiders sold shares: EVP Lucibeth Mayberry sold 120,000 shares for about $4.0 million, reducing her holdings by 44.56%. Director Devin Ignatius Murphy sold 8,098 shares worth roughly $274,000, while CFO David Garfinkle sold a combined 3,661 shares for approximately $125,000. The CFO retained a substantial position, but the cluster of sales may weigh on sentiment. CoreCivic insider sales

CoreCivic Company Profile

(Get Free Report)

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.