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Fly News Breaks for May 24, 2019
May 24, 2019 | 16:02 EDT
Barrington analyst Gary Prestopino kept his Market Perform rating on Copart after its "very solid" Q3 results, saying the company gained market share in the quarter. The analyst says Copart 's marketing focus on international buyers has contributed to "significant growth in bidding activity" and drove higher average selling prices since international clients typically buy rebuildable higher-value vehicles. Prestopino also contends that the outlook for Copart remains positive, adding that the progress being made in its Germany market is encouraging.
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