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Fly News Breaks for March 23, 2018
CPRT
Mar 23, 2018 | 08:03 EDT
As reported earlier, SunTrust analyst Stephanie Benjamin initiated Copart with a Buy rating and a price target of $58. Benjamin cites the company's 40% market share, "above-peer margin profile", and consistent high single digit or more volume growth. The analyst expects Copart to continue executing amid favorable industry trends with rising revenue per unit and ongoing international expansion.
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