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Fly News Breaks for October 24, 2016
KMX
Oct 24, 2016 | 06:13 EDT
Deutsche Bank analyst Rod Lache upgraded CarMax to Buy saying the company should benefit as the value equation shifts to used versus new cars. A number of positives for the new vehicle market are likely to become less favorable as regulatory content rises and credit terms likely not getting better than now, Lache tells investors in a research note. He raised his price target for CarMax to $68 from $66.
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