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Fly News Breaks for June 30, 2015
KMX
Jun 30, 2015 | 07:43 EDT
SunTrust initiated CarMax with a Neutral and $72 price target. The firm expects credit spreads to narrow, which will trim earnings growth and limit upside.
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.