Copart price target raised to $41 from $39.50 at JPMorgan

JPMorgan analyst Ryan Brinkman raised the firm’s price target on Copart to $41 from $39.50 and keeps a Neutral rating on the shares. The analyst increased estimates saying the company generated fiscal Q4 earnings that tracked better than forecast and management issued positive commentary about industry conditions. Inventory units were reported higher, suggesting continued sales traction, the analyst tells investors in a research note.