Copart price target raised to $48 from $45 at Baird

Baird analyst Craig Kennison raised the firm’s price target on Copart to $48 from $45 and keeps an Outperform rating on the shares. The firm noted they reported solid results as both revenue and adjusted EPS both exceeded the consensus forecast. Baird said they were bullish entering 2023, but would be more aggressive on pullbacks given insider selling near current levels.