As previously reported, Stephens analyst Ben Bienvenu upgraded Copart to Overweight from Equal Weight as he sees the stock having reached an attractive entry point and expects continued momentum over the next several quarters. The recent strength in revenue/unit can persist due to a number of factors, including younger cars being deemed total losses, a favorable mix-shift to higher value trucks/SUVs at auction and higher value hurricane vehicles being sold at auction, Bienvenu tells investors. He raised his price target on Copart shares to $50 from $49.