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Fly News Breaks for June 22, 2018
KMX
Jun 22, 2018 | 15:31 EDT
Baird analyst Craig Kennison maintained a Neutral rating on CarMax shares, but raised his price target to $90 from $80 following the 15% rise in CarMax shares after the company's quarterly results beat on EPS and showed better sequential sales trends. Kennison said he likes CarMax's fundamentals, but suggested waiting for a better entry point in the stock.
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.