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Fly News Breaks for November 22, 2019
CPRT
Nov 22, 2019 | 08:39 EDT
SunTrust analyst Stephanie Benjamin raised her price target on Copart to $100 and kept her Buy rating after its Q1 earnings beat, saying the company's auction revenues remain strong with volume growing 12.4% amid "secular tailwinds". The analyst adds that the quarter marked the third consecutive report of double-digit U.S. RPU growth, as revenue per unit was boosted by the 4.2% increase in average selling price.