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Fly News Breaks for June 22, 2017
KMX
Jun 22, 2017 | 08:06 EDT
As noted earlier, Susquehanna downgraded CarMax to Neutral from Positive. Analyst Ali Faghri says that "more challenging comparisons and moderating tailwinds" from online initiatives "will lead to a gradual slowdown in sales trends." The analyst adds that rising interest rates and lower used car prices will "eventually pressure" the company's profits from its credit business. Target to $66 from $70.
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