Baird Maintains Outperform Rating for CarMax: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Baird has maintained its Outperform rating for CarMax (NYSE:KMX) but lowered its price target from $96.00 to $88.00. CarMax's shares are currently trading up 1.68% at $70.17 per share. A move to $88.00 would represent a 25.41% increase from the current share price.
September 29, 2023 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Baird has maintained its Outperform rating for CarMax but lowered its price target. This could potentially lead to an increase in the stock's price if the market aligns with Baird's assessment.
Baird's decision to maintain its Outperform rating indicates a positive outlook for CarMax. However, the lowering of the price target might suggest a more conservative estimate of the company's future performance. If the market aligns with Baird's assessment, this could lead to an increase in CarMax's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100