U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.81%
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CarMax (KMX) exploring more aggressive cost-cutting is 'particularly relevant' - Morgan Stanley
January 20, 2023 1:17 PM ESTMorgan Stanley analyst Adam Jonas said in a research note Friday that following reports of activist investor interest in CarMax (NYSE: KMX), which pushed its stock higher, they believe an exploration of more aggressive cost-cutting or even a potential restructuring is "particularly relevant."
"Reports of potential activist investor interest drove... More
