UPDATE: Goldman Sachs Raises PT on CarMax on 'Model Kicking In'
In a report published on Monday, Goldman Sachs analyst Matthew J. Fassler raised the price target on CarMax (NYSE: KMX) from $49 to $51 and maintained a Buy rating.
In the report, Goldman Sachs stated, "KMX's 1Q2013 results showcased the firm's improving top-line, the improving resonance of its profit model, and even outperformance in its credit business. EPS of $0.64 vs. $0.52 a year ago beat our estimate/consensus of $0.58. EPS growth accelerated to 23%, the third consecutive double-digit increase, and the highest level of growth in two years. At the same time, rising rate expectations have driven pressure on interest rate sensitive sectors, and concerns about the prospects for CAF."
CarMax closed on Friday at $44.59.
Latest Ratings for KMX
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Feb 2022 | Evercore ISI Group | Downgrades | Outperform | In-Line |
| Jan 2022 | Seaport Global | Upgrades | Neutral | Buy |
| Dec 2021 | RBC Capital | Maintains | Outperform |
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Posted-In: Goldman Sachs Matthew J. FasslerAnalyst Color Price Target Analyst Ratings
