Fly News Breaks for May 24, 2019
May 24, 2019 | 09:21 EDT
SunTrust analyst Stephanie Benjamin raised her price target on Copart to $78 and kept her Buy rating after its "strong" Q3 earnings beat driven by outperformance in the company's U.S. and international operations. The analyst also raises her FY19 and FY20 EPS targets by 7c and 11c to $2.21 and $2.48 respectively, with added upside potential coming from the "favorable secular tailwinds of less damaged and younger vehicles, increased revenue per unit, and further development of its German market.
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