BofA turns bullish on CarMax; shares gain
15/10/2026 15:49
BUZZ-BofA turns bullish on CarMax; shares gain ** Shares of used-car retailer CarMax KMX.N gain 3.9% to $51.71
** BofA Global Research upgrades stock to "buy" from "underperform"; hikes PT to $65, implying about a 30.5% upside to last close
** Brokerage says FTC enforcement of price transparency combined with KMX's own actions drive share gains
** Adds "cost cuts fund further price competitiveness"
** Four of 21 brokerages rate KMX "strong buy", 17 "hold"; median PT: $60 - data compiled by LSEG
** Including session's moves, shares up more than 33% YTD
(Reporting by Sudeshna Ghoshal in Bengaluru)