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CorVel Corp (CRVL) Files 10-K for the Fiscal Year Ended on March 31, 2019

- By insider

CorVel Corp (CRVL) files its latest 10-K with SEC for the fiscal year ended on March 31, 2019. CorVel Corp provides case management, claims administration, and medical bill review services to payors to administer, manage and control the cost of workers compensation and other healthcare benefits. CorVel Corp has a market cap of $1.45 billion; its shares were traded at around $77.70 with a P/E ratio of 33.80 and P/S ratio of 2.53. CorVel Corp had annual average EBITDA growth of 8.60% over the past ten years. GuruFocus rated CorVel Corp the business predictability rank of 4-star.


For the last quarter CorVel Corp reported a revenue of $151.1 million, compared with the revenue of $143.6 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $595.7 million, an increase of 6.7% from last year. For the last five years CorVel Corp had an average revenue growth rate of 4.4% a year.

The reported diluted earnings per share was $2.46 for the year, an increase of 31.6% from previous year. Over the last five years CorVel Corp had an EPS growth rate of 9.3% a year. The CorVel Corp had a decent operating margin of 10.33%, compared with the operating margin of 8.58% a year before. The 10-year historical median operating margin of CorVel Corp is 10.01%. The profitability rank of the company is 8 (out of 10).

At the end of the fiscal year, CorVel Corp has the cash and cash equivalents of $91.7 million, compared with $55.8 million in the previous year. The company had no long term debt. CorVel Corp has a financial strength rank of 9 (out of 10).

At the current stock price of $77.70, CorVel Corp is traded at 67.9% premium to its historical median P/S valuation band of $46.28. The P/S ratio of the stock is 2.53, while the historical median P/S ratio is 1.50. The intrinsic value of the stock is $30.79 a share, according to GuruFocus DCF Calculator. The stock gained 50.54% during the past 12 months.

CEO Recent Trades:

  • CEO & President Michael G Combs sold 1,350 shares of CRVL stock on 06/03/2019 at the average price of $74. The price of the stock has increased by 5% since.

CFO Recent Trades:

  • CFO Brandon O'brien sold 2,015 shares of CRVL stock on 06/04/2019 at the average price of $74.43. The price of the stock has increased by 4.39% since.

Directors and Officers Recent Trades:

  • Chairman of the Board V Gordon Clemons sold 3,000 shares of CRVL stock on 06/04/2019 at the average price of $74.26. The price of the stock has increased by 4.63% since.
  • 10% Owner Holdings Inc Corstar sold 6,648 shares of CRVL stock on 06/04/2019 at the average price of $74.51. The price of the stock has increased by 4.28% since.
  • 10% Owner Holdings Inc Corstar sold 12,078 shares of CRVL stock on 06/03/2019 at the average price of $74.18. The price of the stock has increased by 4.75% since.
  • Director R Judd Jessup sold 4,859 shares of CRVL stock on 06/03/2019 at the average price of $74.02. The price of the stock has increased by 4.97% since.
  • 10% Owner Holdings Inc Corstar sold 3,949 shares of CRVL stock on 05/21/2019 at the average price of $74.3. The price of the stock has increased by 4.58% since.

For the complete 20-year historical financial data of CRVL, click here.

This article first appeared on GuruFocus.