CarMax price target raised to $81 from $80 at RBC Capital

RBC Capital raised the firm’s price target on CarMax (KMX) to $81 from $80 and keeps an Outperform rating on the shares. The company reported better than feared results, with notable upside surprises on used unit comps and gross profit, the analyst tells investors in a research note. The firm adds it is encouraged by the momentum, but remains somewhat cautious on the sustainability of the current comp trend given macro uncertainty.