Baird lowered the firm’s price target on CarMax (KMX) to $60 from $90 and keeps an Outperform rating on the shares. The firm updated its model following its Q2 earnings report which saw retail sales fall more than expected.
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Read More on KMX:
- CarMax price target lowered to $45 from $63 at BofA
- CarMax price target lowered to $59 from $81 at RBC Capital
- Buy Rating on CarMax Despite Challenges: Potential Recovery and Conservative Outlook
- CarMax downgraded to In Line at Evercore ISI after Q2 report
- CarMax downgraded to In Line from Outperform at Evercore ISI