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ALT Altitude News Story

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BUZZ-Stephens raises PT for Copart Inc on growth potential in Germany

** Stephens raises PT for online vehicle seller  CPRT.O 
citing strong long-term growth potential for co's operations in
Germany 
    ** "We are encouraged by the progress in Germany, a key
long-term growth opportunity, and we continue to believe that
CPRT will generate meaningful earnings in the coming years from
that market." - Brokerage 
    ** Raises PT by $5 to $145, adds  co's decision to pay down
$400 mln in outstanding senior notes should lower interest
expense, bolster earnings growth in FY23
    ** Eight of 10 brokerages rate stock "buy" or higher, 2
"hold"; their median PT is $151
    ** YTD, CPRT down 27.23% 

 (Reporting by Nathan Gomes in Bengaluru)
 ((Nathan.Gomes@thomsonreuters.com;))

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