Stephens Upgraded "Compelling" Copart
December 02, 2013 at 14:48 PM EST
Stephens analyst John Lawrence upgraded Copart (NASDAQ: CPRT ) from Equal-Weight to Overweight and raised the price target from $34 to $40 following earnings report. Copart reported 1Q14 earnings of $0.32 versus Stephens' estimate of $0.35 and consensus of $0.34. Revenue grew 17.2% to $279.9 million beating Stephens'