CarMax price target raised to $74 from $72 at Truist

Truist raised the firm’s price target on CarMax (KMX) to $74 from $72 and keeps a Hold rating on the shares. The company’s Q1 report was solid, with used unit comps of 8.1%, which may have been bolstered by pull forward demand as consumers looked to buy ahead of tariffs, the analyst tells investors in a research note. CarMax is facing much more difficult comparisons in Q2 and sustainability remains a key question as the company needs to see an acceleration in their “core run rate”, the firm added.