UPDATE: Goldman Sachs Raises PT on CarMax on 'Model Kicking In'


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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.


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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Analyst ColorPrice TargetAnalyst RatingsGoldman SachsMatthew J. Fassler