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BB&T Capital Downgrades Copart (CPRT) to Hold

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Copart (CPRT) Higher on Jana Comments, Says Conversion to REIT Will Unlock Value

January 31, 2013 10:33 AM EST

Shares of Copart (Nasdaq: CPRT) traded higher early on Thursday following comments by Jana Partners. Jana is an activist hedge fund run by Barry Rosenstein, and it is betting the car salvage company can be transitioned to a REIT, allowing it to avoid federal... More