CarMax Stock Surges on Analyst Boost
from The Daily News Now! Business
CarMax bounced back big time after a rough day, soaring 13% as analysts turned bullish—especially one from Stephens who upgraded the stock to “overweight” and raised his price target, calling CarMax the unstoppable leader in used cars even as competition heats up. Despite a disappointing earnings drop the prior day, CarMax’s Q1 results beat expectations with a 6% sales surge, fueling renewed investor confidence. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/754a4079d0f5b9a0
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