Truist Securities Maintains Hold on CarMax, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli has maintained a Hold rating on CarMax (NYSE:KMX) and increased the price target from $72 to $75.
December 22, 2023 | 2:41 pm
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Truist Securities analyst Scot Ciccarelli has reaffirmed a Hold rating on CarMax and raised the price target from $72 to $75.
The adjustment in price target by Truist Securities reflects a slightly more optimistic outlook on CarMax's valuation, but the Hold rating indicates that the analyst does not see significant short-term price movement. The increase in price target may be viewed positively by the market, but as it is not a rating upgrade, the impact is likely to be moderate.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100