RBC Capital Maintains Outperform on CarMax, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Steven Shemesh maintains an Outperform rating on CarMax (KMX) but lowers the price target from $83 to $73.

April 12, 2024 | 2:23 pm
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RBC Capital maintains an Outperform rating on CarMax, with a reduced price target from $83 to $73.
The adjustment in price target by RBC Capital reflects a recalibration of expectations for CarMax's stock, potentially due to market conditions or company performance. While the Outperform rating indicates continued confidence in the company's prospects, the lowered price target suggests a tempered outlook on its stock price performance in the short term. This could lead to mixed reactions in the market, with investors weighing the positive rating against the reduced price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100