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Capital Group boosted Copart shares despite insiders selling and a rating downgrade.
Singapore-based Capital Group Investment Management increased its Copart stock holdings by 1.7%, now owning 55,579 shares worth $3.19 million.
Copart, an online auction and vehicle remarketing company, recently reported a strong quarter with earnings of $0.40 per share, beating estimates.
However, Argus downgraded Copart's rating to "hold."
Insiders have sold significant shares, totaling 200,000, over the last 90 days.
Copart's stock has a one-year high of $64.38 and a low of $48.05.
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Capital Group aumentó las acciones de Copart a pesar de las ventas internas y una rebaja en la calificación.