Wedbush raised the firm’s price target on CarMax to $90 from $80 and keeps an Outperform rating on the shares. The firm is sidelined on CarMax into Q3 earnings on Thursday, December 21. While Wedbush likes the early cycle advantages for shares heading into 2024 with interest rates falling, and buy side expectations are low for the quarter, the firm does not expect a positive catalyst from the earnings print.
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