CarMax price target raised to $41 from $37 at RBC Capital

RBC Capital raised the firm’s price target on CarMax (KMX) to $41 from $37 and keeps a Sector Perform rating on the shares. The company’s Q4 results were largely in line with the firm’s model, the analyst tells investors in a research note. RBC adds, however, that while it is encouraged by CarMax’s top-line progress, it remains cautious on the sustainability of the trend as gas prices rise and consumer confidence erodes.