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Fly News Breaks for June 5, 2015
KMX
Jun 5, 2015 | 07:43 EDT
Oppenheimer, reporting that recent data suggests that consumer demand for autos has improved as used car unit comps at CarMax have eased further, thinks the company's Q1 results could be a near-term positive catalyst for the stock. The firm notes that the company is slated to report its Q1 results on June 19. Oppenheimer keeps a $77 price target and Outperform rating on the shares.
News For KMX From the Last 2 Days
KMX
Mar 28, 2024 | 09:41 EDT
Seaport Research analyst Glenn Chin raised the firm's price target on CarMax to $100 from $88 and keeps a Buy rating on the shares. Recent channel checks and data suggest there has been significant improvement in comparable store unit performance in recent weeks, the analyst tells investors. Despite the stock's recent outperformance, the firm believes there is "more room to run," and, as fundamentals continue to improve, shares will continue to work.