Sterne Agee CRT Starts CarMax (KMX) at Buy
Get Alerts KMX Hot Sheet
Rating Summary:
17 Buy, 14 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Sterne Agee CRT initiates coverage on CarMax (NYSE: KMX) with a Buy rating and a price target of $87.00, calling it the "only game in town."
Analyst Ali Faghri commented, "KMX offers a differentiated, consumer-friendly store experience with their "no-haggle" pricing concept and transparent lending terms. There are currently no other competitors with the scale and scope of KMX. The combination of a dominant market position, unique business model, favorable vehicle demographics, and long-term expansion opportunities position KMX to outperform. We are initiating with a Buy rating and an $87 price target."
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 $71.11 yesterday.
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