CarMax (NYSE:KMX) Stock Moved Up to "Buy" by Bank of America

This used car stock is likely to cruise higher, Bank of America says

The bank double upgraded the used car stock to buy from underperform.

CarMax (NYSE:KMX) Stock Moved Up to "Buy" by Bank of America

Bank of America raised shares of CarMax from an "underperform" rating to a "buy" rating and set a $65.00 price target on the stock in a research note on Thursday.

Bank of America Makes Massive Call on CarMax Stock

This article first appeared on GuruFocus. CarMax (NYSE:KMX) is getting a major Wall Street vote of confidence after Bank of America upgraded the used-car retailer to Buy from Underperform and raised its price target to $65 from $50. The new target implies roughly 25% to 30% upside from where…

Bank of America Upgrades CarMax After 13% Rise in Unit Comparables

Bank of America raised its price target to $65 from $50 as the FTC’s price-transparency push may make CarMax’s pricing clearer to consumers.