Bank of America Upgrades CarMax Rating and Raises Price Target
KMX Carmax Inc
$49.82 -1.95%
View chart & analysis → - 1CarMax shares rose more than 3% in premarket trading on Thursday.
- 2Bank of America upgraded its rating on CarMax from 'underperform' to 'buy' and raised its price target from $50 to $65.
- 3CarMax recorded a 13% increase in used vehicle sales during its second fiscal quarter.
So what's the key point?
Bank of America recommended buying CarMax and raised its price target to $65. This follows a 13% increase in used car sales.
Source Investing.com +1 · View original ↗
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