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Fly News Breaks for June 22, 2017
KMX
Jun 22, 2017 | 08:20 EDT
As noted earlier, RBC Capital upgraded CarMax to Outperform from Sector Perform. Analyst Scot Ciccarelli noted that the company's comp sales continue to beat expectations, and he thnks that the company's sales should continue to be boosted by its improved use of SEO and declining used car valuations. Following its results, the analyst is less worried about its margins and the health of its credit business. Target to $69 from $63.
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