CarMax (KMX) an Attractive Growth Story, Says Oppenheimer

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Analysts at Oppenheimer view CarMax (KMX) is an attractive market share growth story.

"We have looked favorably on longer term prospects for KMX for some time. Data suggest that the near- to intermediate-term outlook for the chain continues to strengthen. Our proprietary inventory tracker is pointing to better used car sales even against more challenging comparisons," said analyst Brian Nagel.

Oppenheimer today reiterated an Outperform rating on CarMax and raised its price target to $46.00 (from $41.00).

For an analyst ratings summary and ratings history on CarMax (NYSE: KMX) click here. For more ratings news on CarMax click here.

Shares of CarMax closed at $39.39 yesterday, with a 52 week range of $24.83-$40.22.

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