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Fly News Breaks for November 16, 2016
KMX
Nov 16, 2016 | 09:18 EDT
Wedbush analyst Seth Basham says that the rally in CarMax's stock, which he attributes to optimism about Trump Administration policies, is "overdone." The analyst says that the outlook for economic growth is uncertain, while rising interest rates are more negative than positive for the company. The analyst says that results form publicly traded car dealers indicate that CarMax's environment continues to be weak. He keeps a $55 price target and a Neutral rating on the shares.
News For KMX From the Last 2 Days
KMX
Apr 30, 2024 | 16:10 EDT
