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Fly News Breaks for June 25, 2018
KMX
Jun 25, 2018 | 07:04 EDT
Wedbush analyst Seth Basham raised his price target for CarMax to $85 from $75 as Q1 results topped expectations and provided evidence that last quarter's pronounced weakness was transitory. The analyst reiterates an Outperform rating on the shares.
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.