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Fly News Breaks for September 1, 2017
KMX
Sep 1, 2017 | 08:07 EDT
Oppenheimer analyst Brian Nagel says CarMax looks best positioned among the Hardlines Retail and eCommerce names he covers to capitalize on the likely Hurricane Harvey-driven surge in consumer demand for pre-owned vehicles. The company operates 16 of its roughly 175 stores in Texas, including six in the Houston area, Nagel tells investors in a research note. He keeps an Outperform rating on CarMax.
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