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Fly News Breaks for May 1, 2015
KMX
May 1, 2015 | 07:45 EDT
Oppenheimer remains upbeat on CarMax's intermediate and longer term prospects. The firm says it has become slightly more cautious on the company in the nearer term, partly because of weaker recent auto sales data and higher Street EPS estimates for CarMax. However, the firm thinks the chain is well-positioned to benefit from improved consumer spending as weather normalizes. It keeps an Outperform rating on the shares.
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