B of A Securities Maintains Underperform on CarMax, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst John Murphy has maintained an Underperform rating on CarMax (NYSE:KMX), while raising the price target from $44 to $50.

February 29, 2024 | 3:02 pm
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B of A Securities maintains an Underperform rating on CarMax, but increases the price target from $44 to $50.
The adjustment in price target by B of A Securities suggests a slightly more optimistic view on CarMax's valuation, despite maintaining an Underperform rating. This could indicate an expectation of some positive movement in CarMax's stock price or financial performance, but the Underperform rating still suggests caution. Investors might see this as a nuanced view, potentially leading to mixed reactions in the short term.
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IMPORTANCE 75
RELEVANCE 90