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Fly News Breaks for August 3, 2015
KMX
Aug 3, 2015 | 08:00 EDT
Goldman added CarMax to the Conviction Buy List with a $78 price target. The firm views recent weakness as an attractive entry point given long-term unit growth supported by a used car product cycle. Goldman said concerns about dealer gross profit trends and increased auto finance regulation are not serious challenges to its thesis and potential improvements in marketing could add to share gains and topline.
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