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Fly News Breaks for December 16, 2019
Dec 16, 2019 | 07:32 EDT
Oppenheimer analyst Brian Nagel raised his price target for CarMax to $118 from $100 and maintained an Outperform rating. In a research note to investors, Nagel says that ahead of the company's upcoming Q3 report on December 20, he evaluated trends at the chain, and said that while more challenging comparisons loom, he views underlying momentum at CarMax as intact and believes that shares have yet to reflect fully the power of the company's now more digitally-driven operating model.
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