CarMax (KMX) PT Raised to $73 at Deutsche Bank; 'Q1 Lays the Groundwork for Multi-Year Trend'
Deutsche Bank raised its price target on CarMax (NYSE: KMX) to $73.00 (from $71.00) while maintaining a Buy rating, following the company's first quarter earnings report.
Analyst Mike Levin notes the company delivered strong first quarter earnings per share and revenue results above the Street's estimates driven by improving same store used car units, as management benefits from better used car affordability.