Goldman Raises Numbers on CarMax (KMX)

December 21, 2012 12:53 PM EST
Get Alerts KMX Hot Sheet
Price: $66.65 +0.27%

Rating Summary:
    14 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Goldman Sachs maintained a Buy rating on CarMax (NYSE: KMX) and raised its price target to $44.00 (from $42.00).

"The firm operates a differentiated concept that is executing more effectively, and looks further poised to benefit from an improving backdrop for its core late model used car category," said analyst Matthew J. Fassler. "We see this dynamic providing distinctive support against a tougher retail sector in 2013."

Goldman raised 2012 EPS estimates to $1.86 from $1.79, 2013 to $2.06 from
$2.02, and 2014 to $2.36 from $2.32.

For an analyst ratings summary and ratings history on CarMax click here. For more ratings news on CarMax click here.

Shares of CarMax closed at $37.97 yesterday.

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