Truist raised the firm’s price target on CarMax (KMX) to $88 from $72 and keeps a Hold rating on the shares. The company’s Q3 results marked a “solid” quarter with modest sales upside, “strong” earnings flow-through, and higher CarMax Auto Finance income due to lower losses, the analyst tells investors in a research note. Industry trends have improved significantly over the last few months, based on Manheim estimates and third-party scraping data, and this uplift, coupled with CarMax’s operational improvements, should enable solid sales growth for the next several quarters, Truist adds.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on KMX:
- CarMax price target raised to $100 from $95 at Wedbush
- CarMax price target raised to $103 from $99 at RBC Capital
- CarMax price target raised to $72 from $70 at JPMorgan
- CarMax Inc. Reports Robust Earnings Growth in Q3 FY2025
- CarMax price target raised to $88 from $72 at Truist
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
