CoreCivic (NYSE:CXW) Director Harley Lappin Sells 22,032 Shares of Stock

Posted by George Bondi on Aug 15th, 2026

CoreCivic, Inc. (NYSE:CXW – Get Free Report) Director Harley Lappin sold 22,032 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $33.02, for a total transaction of $727,496.64. Following the completion of the transaction, the director owned 53,328 shares of the company’s stock, valued at approximately $1,760,890.56. This trade represents a 29.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

CoreCivic Stock Performance

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

CoreCivic announced that its Board of Directors has authorized a stock repurchase plan on Monday, August 10th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to buy up to 15.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

CoreCivic News Summary

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on CXW shares. Wall Street Zen upgraded CoreCivic from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Northland Securities set a $40.00 price objective on shares of CoreCivic in a research note on Friday, June 26th. UBS Group set a $35.00 target price on shares of CoreCivic in a research note on Tuesday, July 7th. Finally, JonesTrading reaffirmed a “buy” rating and issued a $30.00 price target on shares of CoreCivic in a research note on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CoreCivic has a consensus rating of “Buy” and a consensus price target of $37.00.

Get Our Latest Stock Analysis on CoreCivic

Institutional Investors Weigh In On CoreCivic

Several hedge funds and other institutional investors have recently made changes to their positions in CXW. PNC Financial Services Group Inc. raised its position in shares of CoreCivic by 1.6% during the first quarter. PNC Financial Services Group Inc. now owns 31,880 shares of the real estate investment trust’s stock worth $603,000 after acquiring an additional 510 shares during the last quarter. State of Wyoming raised its holdings in 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 purchasing an additional 659 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake 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 valued at $59,000 after purchasing an additional 702 shares during the last quarter. Bessemer Group Inc. lifted its holdings in CoreCivic by 0.4% in the first quarter. Bessemer Group Inc. now owns 166,475 shares of the real estate investment trust’s stock valued at $3,148,000 after buying an additional 742 shares during the period. Finally, Lazard Asset Management LLC grew its stake in shares of CoreCivic by 10.4% during the second quarter. Lazard Asset Management LLC now owns 10,595 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 1,002 shares during the period. 85.13% of the stock is owned by institutional investors and hedge funds.

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.