Zacks Investment Research downgraded shares of COPART INC (CPRT) from NEUTRAL to UNDERPERFORM on September 30, 2013, with a target price of $29.40.
Copart, Inc. provides vehicle suppliers, primarily insurance companies, with a full range of services to process and sell salvage vehicles through auctions, principally to licensed dismantlers, rebuilders and used vehicle dealers. Salvage vehicles are either damaged vehicles deemed a total loss for insurance or business purposes or are recovered stolen vehicles for which an insurance settlement with the vehicle owner has already been made.
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