Wells Fargo Upgrades CarMax (KMX) to Outperform; See Half Dozen Longer-term Opportunities

Article Stock Quotes (1) Comments (0)

Wells Fargo upgrades CarMax, Inc. (NYSE: KMX) from Market Weight to Outperform. Valuation range increased from $24-26 to $28-29.

Wells analyst says, "CarMax has the most consumer-friendly model in auto retailing, with unique competitive advantages and the opportunity to grow its store base by 3x. We also see a half dozen incremental opportunities for CarMax which don't get much airtime on the Street and are generally not yet reflected in our estimates."

To see all the upgrades/downgrades on shares of KMX, visit our Analyst Ratings page.

Shares finished Friday at $23.65. The 52-wk trading range is $18.62 - 26.50

---

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

---

---

You May Also Be Interested In

• Hewlett-Packard (HPQ) Q2 Performance Wins Praise on Wall Street; Jefferies Raises to Hold
• StreetInsider.com Pre-Open Movers 5/20: (AQ) (WBSN) (SCTY) Higher; (XNPT) (KMX) (SNV) Lower (more...)
• RBC Capital Upgrades Pandora (P) to Outperform

Create E-mail Alert Related Categories

Upgrades

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?