Sterne Agee Initiates CarMax With Buy

Sterne Agee initiated coverage on

with a Buy rating. The target price for CarMax is set to $87. CarMax shares have gained 58.73 percent over the past 52 weeks, while the S&P 500 index has surged 11.12 percent in the same period. CarMax shares climbed 1.07 percent to $71.87 in pre-market trading.