Carmax, Inc. (KMX) Posts Q2 EPS of 62c; Used Comps up 16%

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Go back to Carmax, Inc. (KMX) Posts Q2 EPS of 62c; Used Comps up 16%

Goldman Sachs Cuts CarMax (KMX) to Neutral

September 25, 2013 7:53 AM EDT

Goldman Sachs downgraded CarMax (NYSE: KMX) from Buy to Neutral with a price target of $55.00 (from $53.00). The downgrade relates to credit headwinds.

"The profitability of KMX's credit business is beginning to erode, in a gradual, orderly fashion. Cost of funds is rising, and... More