UPDATE: J.P. Morgan Raises Price Target on CarMax to $30

According to J.P. Morgan, CarMax

price target is raised to $30. J.P. Morgan said that the KMX story is likely to tread water in the next several quarters. “We like the business model long-term but see no reason to rush into the stock near-term absent a material pullback. Maintain Neutral.” CarMax closed yesterday at $30.04.