Information Provided By:
Fly News Breaks for January 11, 2016
KMX
Jan 11, 2016 | 09:09 EDT
Goldman analyst Matthew Fassler removed CarMax from the Conviction Buy List and lowered his price target to $62 from $69 on shares. Fassler believes the auto retail market is too volatile to deliver top results and maintains his Buy rating.
News For KMX From the Last 2 Days
KMX
Mar 18, 2024 | 16:19 EDT
Mizuho analyst David Bellinger initiated coverage of CarMax with a Neutral rating and $80 price target. The analyst launched coverage of 15 companies in the consumer hardlines and consumer internet verticals with an optimistic view for the balance of 2024. The firm expects a "more subdued, yet stable" spending backdrop to become more apparent in the coming months and takes a positive view toward eight names. Its top picks include Lowe's (LOW) within core consumer hardlines and large caps, Wayfair (W) within consumer internet coverage, and Mister Car Wash (MCW) within small caps. Expectations for rate cuts into 2025 should serve as an added positive and supports a positive stance on home improvement and other home-related activity, the analyst tells investors in a research note.