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Fly News Breaks for March 12, 2018
KMX
Mar 12, 2018 | 07:25 EDT
Oppenheimer analyst Brian Nagel said he remains "bullish" on CarMax and said he would use any potential Q4 earnings-related weakness as a buying opportunity. Nagel, who has an Outperform rating and $88 price target on CarMax, said Street expectations now calls for used car unit comps at CarMax to decline by as much as a high single digit to low double digit rate. While Nagel said he is "hesitant" to dismiss the lower Street comp forecasts, he said that any top-line pullback would only reflect "some type of transitory issue."
News For KMX From the Last 2 Days
KMX
Mar 28, 2024 | 09:41 EDT
Seaport Research analyst Glenn Chin raised the firm's price target on CarMax to $100 from $88 and keeps a Buy rating on the shares. Recent channel checks and data suggest there has been significant improvement in comparable store unit performance in recent weeks, the analyst tells investors. Despite the stock's recent outperformance, the firm believes there is "more room to run," and, as fundamentals continue to improve, shares will continue to work.