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Sterne Agee CRT Cuts Price Target on CarMax (KMX) Following 2Q Results

September 25, 2015 8:23 AM EDT

Sterne Agee CRT reiterated a Buy rating on CarMax (NYSE: KMX), and cut the price target to $73.00 (from $83.00), following the company's 2Q results.

Analyst Ali Faghri commented, "Despite soft top-line performance in 2Q15, we believe KMX will continue to deliver long-term... More