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Fly News Breaks for September 22, 2016
CPRT
Sep 22, 2016 | 09:26 EDT
Stephens analyst Ben Bienvenu raised his price target for Copart to $61 from $54 after the company reported Q4 results. The analyst notes that Copart delivered another quarter of "strong operating performance" and provided commentary on industry trends that offer secular tailwinds, which when coupled with easy comps entering 2017 should allow the company to accelerate revenue growth and operating leverage. He reiterates an Overweight rating on the shares.
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