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Fly News Breaks for April 17, 2019
KMX
Apr 17, 2019 | 09:04 EDT
Credit Suisse analyst Seth Sigman raised his price target for CarMax to $84 from $75 after attending an analyst meeting with management, which reaffirmed the early progress with its omni-channel efforts and the potential for greater operating leverage past this year as these initiatives mature. While the analyst still sees EPS growth constrained near-term as expense growth remains elevated through 2019 that is now reflected in numbers. He reiterates an Outperform rating on the shares.
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