JPMorgan upgraded CarMax (KMX) to Neutral from Underweight with a price target of $58, down from $65. The firm cites the stock’s underperformance relative to peers for the upgrade. CarMax sentiment is at “rock bottom” and its challenges now seem better understood, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KMX: