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Fly News Breaks for September 23, 2015
KMX
Sep 23, 2015 | 06:22 EDT
Oppenheimer downgraded CarMax to Perform giving increasing concerns about modestly softer used car sales trends against challenging comparisons. The firm believes CarMax shares could retest recent trough multiples suggesting a potential share price in the low $50s.
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.