UPDATE: RBC Capital Upgrades CarMax (KMX) to Outperform, "We Are Buyers"

(updated to add analyst comment)

RBC Capital upgraded CarMax (NYSE: KMX) from Sector Perform to Outperform with a price target of $68.00 (from $63.00).

Analyst Scot Ciccarelli likes the comp momentum in the midst of a tough environment which attributes to falling used car values and significant improvements to SEO. He expects these trends to continue

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 $59.74 yesterday.

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