Why Copart Stock Ticked 4% Higher on Thursday

Market players hit the gas pedal on auto marketplace operator Copart (NASDAQ: CPRT) on Thursday, following an analyst recommendation upgrade. With that fuel injection into the shares, they zoomed more than 4% higher that trading session. That was in sharp contrast to the benchmark S&P 500 index, which dipped by 0.7%.The person behind the upgrade was Jash Patwa of JPMorgan Chase's J.P. Morgan. Well before market open Thursday, he moved his Copart recommendation up one peg to overweight (read: buy) from neutral. He accompanied this with a significant price target raise, to $40 per share from $32. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool