Goldman Raises Numbers on CarMax (KMX)
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Price: $48.67 +1.99%
Rating Summary:
10 Buy, 3 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
10 Buy, 3 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade KMX Now!
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, with a 52 week range of $24.83-$38.24.
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"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, with a 52 week range of $24.83-$38.24.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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