CarMax price target raised to $75 from $73 at RBC Capital

RBC Capital analyst Steven Shemesh raised the firm’s price target on CarMax to $75 from $73 and keeps an Outperform rating on the shares after its Q1 earnings beat. The firm maintains its view that the company’s earnings troughed, though also acknowledging that real earnings upside for CarMax is tied to a unit acceleration for which there is very little visibility, the analyst tells investors in a research note. Pending more visibility, CarMax’s market share will be the key debate, RBC added.