Needham Maintains Buy on CarMax, Lowers Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Chris Pierce maintains a Buy rating on CarMax (NYSE:KMX) but lowers the price target from $91 to $87.

June 24, 2024 | 10:54 am
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NEUTRAL IMPACT
Needham analyst Chris Pierce maintains a Buy rating on CarMax but lowers the price target from $91 to $87.
The Buy rating suggests continued confidence in CarMax's performance, but the lowered price target indicates some caution about its near-term prospects. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100