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Fly News Breaks for February 21, 2020
Feb 21, 2020 | 08:12 EDT
SunTrust analyst Stephanie Benjamin raised her price target on Copart to $110 and kept her Buy rating after its Q2 results, saying the quarter's Auction Service revenue exceeded her estimates even though Vehicle Sales revenue was lower. The analyst contends that the premium multiple for Copart is warranted by its attractive industry dynamics and the upside potential from its international expansion.
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